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mortgage lending

How Can Mortgage Shopping Hurt Your Credit Score?

How Can Mortgage Shopping Hurt Your Credit Score?


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Mortgage debt is good debt. But in the arcane world of credit scoring, even the process of applying for a mortgage can raise red flags on an applicant’s credit report and lower scores. Careful time management, say financial advisers, can help borrowers avoid taking a hit to the credit score while trying...

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Can Mortgage Brokers Find a Better Loan?

Can Mortgage Brokers Find a Better Loan?


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For most prospective investors or residential buyers, the route to a mortgage loan typically begins with a bank or credit union – the tried and true way to finance a property purchase. But as the loan process becomes more complex and buyers with iffy credit remain spooked about even starting the process,...

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Do Tighter Lending Standards Slow the Recovery?

Do Tighter Lending Standards Slow the Recovery?


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After the housing crash of a few years ago exposed the shifty underbelly of lending practices at the nation’s major banks, those institutions have been – albeit reluctantly – cleaning up their act with greater accountability and tighter lending standards aimed at forestalling another collapse caused...

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Is a New Housing Bubble on the Horizon?

Is a New Housing Bubble on the Horizon?


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Since the housing collapse of the mid-2000s, housing experts and financial analysts have been on the lookout for signs of a new housing bubble on the horizon. Now, amid news of rising housing prices and shortages of homes for sale, some fear that the reappearance of no-interest loan products may be the...

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Bank of America: Back in Hot Water Again?

Bank of America: Back in Hot Water Again?


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Just when it seemed the dust was settling in the various lawsuits and settlements resulting from charges of mortgage and securities fraud leveled at the nation’s biggest bank, new reports reveal that Bank of America is once again in trouble. This time the financial giant faces charges that it broke...

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How Does Student Loan Debt Hurt the Housing Market?

How Does Student Loan Debt Hurt the Housing Market?


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In recent posts we’ve taken a look at the looming crisis of out of control student debt – a burden that many new and recent college graduates must shoulder for much, if not all, of their working lives – and which has a ripple effect in other areas of the economy as well. Now, new studies on the...

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Will New FHA Rules Raise Mortgage Costs?

Will New FHA Rules Raise Mortgage Costs?


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Record low mortgage rates may still be dominating the mortgage market, but new changes in FHA financing rules may end up making it more expensive to finance or refinance a property purchase in the coming months. Those changes, spurred by a shortfall in funds for homeowner bailouts, take effect on June...

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Good Debt Gone Bad: the Student Loan Trap

Good Debt Gone Bad: the Student Loan Trap


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In a previous post, we took a look at why new and recent college graduates saddled with student loans are wary of taking on the traditional debts of adult life: car loans and mortgages. Now, a closer look at the financial habits of the people known as “Generation Y” point sup the differences between...

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New Grads Fear Mortgage Debt

New Grads Fear Mortgage Debt


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Student loan debt may the next bubble waiting to burst – with potential repercussions for many other areas of the economy, particularly housing. Although new and recent grads are playing a large part in the rising rental demand, the student loan debt they’re carrying makes it impractical, if not...

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Wronged Homeowners Get Bouncing Settlement Checks

Wronged Homeowners Get Bouncing Settlement Checks


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It’s been nearly four years since a group of the nation’s largest mortgage lenders agreed to a settlement in lawsuits charging them with fraud, wrongful evictions and other abuses in the “robosigning” scandal of 2008-9. Now, according to a New York Times update, checks from the settlement are...

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