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Private Loans Can Launch Investments

Private Loans Can Launch Investments


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Building an income stream from investment property is, as Jason Hartman says, the best bet for building long term wealth. But for some hopeful investors, the project gets stalled at the starting gate because less than perfect credit or other circumstances make financing hard to get. For some, that means...

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Why Do Lenders Turn Borrowers Down?

Why Do Lenders Turn Borrowers Down?


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It’s tougher to get financing for buying real estate these days. Banks are issuing fewer loans, and imposing tougher standards on the loans they do issue. But those standards can vary from institution to institution – and some lenders may say yes to a home loan, while others may say no. The reasons...

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A Stimulus Plan Architect Reveals the Truth

A Stimulus Plan Architect Reveals the Truth


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The Federal Reserve’s massive bond buying stimulus program has been in and out of the news for months as the Fed hints at tapering it down, only to backpedal in light of changes to the economic picture. But even as the Fed continues its will they, won’t they dance, a former architect of the program...

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Bank of America Gets The Hustle in a New Settlement

Bank of America Gets The Hustle in a New Settlement


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It seems like old news by now.  Charges, suits and settlements against the nation’s megababks for mortgage fraud dating back to the days of the housing bubble and subsequent crash keep making headlines with dismal regularity. And the trend continues as Bank of America, the perennial bad buy of mortgage...

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VA Loans Can launch Investing Careers

VA Loans Can launch Investing Careers


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The Veterans Administration loan has long been a mainstay for helping veterans of the country’s armed forces create a stable life after leaving active duty. Generally these loans are limited to personal use, not investing. But a few loopholes in the rules for VA home loans may allow veterans to get...

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Vampire Properties Haunt the Housing Recovery

Vampire Properties Haunt the Housing Recovery


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Halloween is over, but zombies and vampires continue to plague the housing market. Those are the names given to problematic foreclosures that can’t be turned into assets by the lending institutions that hold them. And because these properties can’t be sold, financial experts say, they hold true to...

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Fannie Mae Sues Banks for Interest Rate Fraud

Fannie Mae Sues Banks for Interest Rate Fraud


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The US Justice Department and numerous state attorneys general have been pressing lawsuits against the nation's big banks for a variety of crimes and misbehaviors since 2010. Now, housing giant Fannie Mae is joining the party, with  a lawsuit of its  own against nine major US and foreign banks for...

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Interest Rates are Rising: What Happens to Housing?

Interest Rates are Rising: What Happens to Housing?


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As the government closed its doors for what would be a 16-day shutdown, housing experts worried about what would happen to the still-fragile housing recovery as a result. Now, with government services and agencies back in full force, a slow down in mortgages seems to bear out some of their concerns. Even...

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Tighter Reverse Mortgage Rules Protect Borrowers

Tighter Reverse Mortgage Rules Protect Borrowers


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Long marketed to retirees and those heading toward retirement age, reverse mortgages just got harder to negotiate, thanks to new regulations that make those equity-based loans more expensive and harder to get. And the goal, according to the Federal Housing Administration, is to get people to plan retirement...

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New Software Helps Lenders Avoid QM Rule Penalties

New Software Helps Lenders Avoid QM Rule Penalties


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To lenders worried about how the Qualified Mortgage Rule will affect mortgage loan liability: never fear, automated assessments are here, as a growing number of software services offer a variety of online tools to help mortgage lenders negotiate the provisions of the QM Rule(s), avoid liability – and...

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