(Elizabeth Warren is the Harvard Law Professor chosen by President Obama to launch the new Consumer Financial Protection Bureau.) Dear Ms. Warren, Congratulations on being hand-picked by …
Bank of America Cuts Grace Period For Mortgage Payments
If you're like most people, your mortgage is due on the first of the month. But your lender gives you until the fifteenth to make your payment before you incur a late fee. Bank of America is …
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Twas The Night Before Christmas – A Real Estate Parody
(Originally posted December 24, 2010.) Twas the night before Christmas and all though the land, The real estate market was in need of a hand. The Realtors had properties all listed with care, In …
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Is the Honeymoon Over? What Will The Future Hold For Mortgage Rates?
(Originally published October 23, 2010.) For months now, we’ve enjoyed an environment where mortgage interest rates moved lower and lower, with the occasional sideways movements to be expected when …
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Thinking About Applying With Two Lenders? Banks Are Now Wise To The Game!
(Originally published October 17, 2010.) In my last newsletter, I discussed industry changes that enable lenders to re-verify your credit, debt, and liabilities. Now lenders have instituted …
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FNMA “Clarifies” Second Credit Report Rule…Sort Of.
(Originally published October 3, 2010.) Back in May, 2010, I reported that under FNMA’s Loan Quality Initiative, lenders are now required to confirm that all debts and liabilities incurred up to …
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