Another option will soon be available to help delinquent borrowers avoid foreclosure, as well as help Fannie Mae and Freddie Mac minimize further losses. Beginning July 1, 2013, mortgage …
Fannie and Freddie Reforms Threatened By Record Profits.
After the credit implosion and housing market collapse in 2008, Fannie Mae and Freddie Mac experienced huge losses, mostly caused by their sub-prime mortgage holdings. These losses, …
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New CFPB Complaint Database Reveals Mortgage Brokers Have BEST Reputation!
In January 2012, the Consumer Financial Protection Bureau (CFPB) proposed creating a free, public database for consumers to file complaints against virtually ANY financial product, service, …
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Mortgage Planning and the Financial Challenges Faced By Special Needs Families
Any parent can tell you that raising children is expensive. But that term takes on an entirely new dimension when you have a child with special needs. All parents complain about …
Tight Credit? Or Tight Guidelines? It’s Important to Understand the Difference.
We hear it on the news and read about it in newspapers. “Credit is tight.” Business owners in need of capital complain, “Banks aren’t lending.” And home buyers are still experiencing HUGE …
HUD’s New “Disparate Impact” Ruling is Bad News for Both Lenders AND Realtors.
This past month (February 2013), the US Department of Housing and Urban Development (HUD) published their Disparate Impact Rule as an amendment to the Fair Housing Act. Under …
