Prospective homebuyers may be in for a nasty shock if mortgage interest rates ever return to their “normal” pre-crisis levels. After a few years of super-low rates, a vast …
“QM” Threatens to Change Mortgage Lending As We Know It.
As the real estate industry continues to claw its way back from the Great Recession, the federal government continues to add obstacles. On January 10, 2014, yet another regulation will become …
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New York Fed President Slams Big Banks for Ethical Failures and “Apparent Lack of Respect for the Law.”
Ever since the real estate crash in 2008, mortgage brokers have received a bum rap. Politicians right up to the President have inaccurately used the term “Mortgage Broker” to address the …
Mortgage Lenders Expecting More Regulatory Headaches. How Will This Effect Borrowers?
According to an article published in the National Mortgage News online (Mortgage Lenders’ Many Headaches, 10/02/13), lenders are preparing to deal with a plethora of new regulations and …
Reverse Mortgage Guidelines Now More Restrictive
The Reverse Mortgage, a popular financial tool available to many senior citizens, has undergone additional changes, making it more difficult and potentially more expensive for seniors to tap into the …
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President and Congress Moving to End Fannie Mae and Freddie Mac. Is This REALLY The Right Solution?
In August, 2013, President Obama and Congress formalized their desire to dismantle the mortgage giants, Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both FNMA and FHLMC have been blamed in …
