Tag Archives: borrowers

What Does It Take to Get a Loan Today? A Lot!

by on May 25, 2012 in Tips Comments { 0 }

One of the biggest obstacles home buyers are facing is qualifying for financing, and a new report by the Federal Reserve shows exactly how big of struggle potential borrowers face....

Read more

FHA Clarifies New ‘Credit Dispute’ Rule

by on April 6, 2012 in Tips Comments { 0 }

The Federal Housing Administration is giving borrowers a chance to provide an explanation on any disputed collection accounts in their history in order to qualify for an FHA-backed...

Read more

FHA Loan Apps Rise as Borrowers Try to Beat Fee Hikes

by on March 30, 2012 in Tips Comments { 0 }

Mortgage applications for Federal Housing Administration loans soared 11 percent from the previous week as borrowers try to rush their applications in to beat the higher FHA costs that...

Read more

Does Foreclosure Counseling Work?

by on December 23, 2011 in Tips Comments { 0 }

Borrowers who underwent foreclosure counseling are more likely–nearly twice as likely–to receive a loan modification and stay current on their mortgage, according to a new...

Read more

Lawmakers Urge Mortgage Principal Write-downs

by on November 25, 2011 in Tips Comments { 0 }

More than 20 lawmakers in the House of Representatives this week called on Fannie Mae and Freddie Mac to reduce the mortgage principal of borrowers who owe more on their home than it...

Read more

Mortgage Applications on the Rise Last Week

by on September 16, 2011 in Tips Comments { 0 }

Mortgage applications increased 6.3 percent last week compared to one week earlier, as more borrowers took advantage of record-reaching low interest rates....

Read more

Wells Fargo to Pay $85 Mil for Pushing Risky Loans

by on July 22, 2011 in Tips Comments { 0 }

Wells Fargo & Co. faces the largest fine ever imposed by the Federal Reserve over charges that the mortgage lending giant steered borrowers toward higher-priced loans during the...

Read more

Countrywide to Issue Borrowers Refunds

by on July 22, 2011 in Tips Comments { 0 }

More than 450,000 borrowers who took out mortgages with Countrywide Financial Corp. will soon receive refund checks as part of a $108 million settlement over claims that the lender...

Read more