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They’re Back: Subprime Mortgages  Rise Again

They’re Back: Subprime Mortgages Rise Again


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Combine federal manipulation of interest rates, tighter standards for mortgage lending and a surge in subprime loans, and what do you get? A blend of mixed messages and conflicting goals that leaves financial experts and homebuyers alike scratching their heads. And, some fear, the collision of all those...

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The Qualified Mortgage Rule Tightens Lending Standards

The Qualified Mortgage Rule Tightens Lending Standards


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As the housing market continues its rebound, the mortgage lending industry is still a work in proeress after the string of lawsuits, settlements and new legislation put in place to protect consumers after the well-publicized abuses of the past. More regulation is coming, too, with the implementation...

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Mortgage Lending Slows and Banks Blame Regulation

Mortgage Lending Slows and Banks Blame Regulation


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By many indications, this should be a good time to borrow. Interest rates are still low, banks are even offering previous defaulters a second chance, and new regulations after the housing collapse are in place to protect consumers from lenders’ past fraudulent practices. So why are loan applications...

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Fannie Mae and Freddie Mac: Zombie Stocks on a Rollercoaster

Fannie Mae and Freddie Mac: Zombie Stocks on a Rollercoaster


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The rollercoaster ride of quasi-federal mortgage lending superagencies Fannie Mae and Freddie Mac hit the down slope after an unprecedented climb that saw stock prices for both these institutions gaining up to 150 percent in previous weeks. Now, as stocks fell by as much as 40% in the final week of May...

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Major Lenders Still Put the Customer Last

Major Lenders Still Put the Customer Last


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As if a multibillion-dollar settlement on fraud charges and bad press about the handling of payouts from that settlement weren’t enough, major US lenders caught in bad behavior after the housing collapse are now facing new accusations of the same bad behavior. Now, New York’s attorney general has...

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Going Green Means Big Gains in Housing

Going Green Means Big Gains in Housing


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“Green” houses mean greenbacks for investors Houses featuring environmentally friendly upgrades and energy-saving devices command higher prices, attract more affluent tenants, and improve neighborhoods. While going green may look expensive, a variety of perks are available for the landlord/investor...

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Will Colleges Cause a Collapse?

Will Colleges Cause a Collapse?


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For many of the so-called “millennial” generation – newly graduated from college, or recent grads in the last five years or so – the old advice about getting a degree to get ahead just doesn’t apply. As more graduates are facing decades or more of student loan repayments, a new Forbes article...

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New Employment Stats Change Federal Bond Buying Plans

New Employment Stats Change Federal Bond Buying Plans


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Over $3 trillion and counting. That’s the total so far of the Federal Reserve’s buyup of mortgage security bonds – a number that, as we discussed in a recent post, is raising alarms among senior representatives of regional Federal Reserve banks. Now, in another twist to the fast-forward/slow motion...

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High Home Prices, Subprime Borrowers: Is History Repeating itself?

High Home Prices, Subprime Borrowers: Is History Repeating itself?


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For every positive sign of a housing comeback, there seems to be a chorus of anxious market watchers ready to find ominous signs of a new collapse looming on the horizon. Those gloomy predictions may be overstating the concerns, but a number of financial analysts and real estate experts point to several...

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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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