Tag Archives: borrowers

HAMP Borrowers Face Rate Increases

With the five-year anniversary of the federal government’s Home Affordable Modification Program coming up, home owners who received loan modifications through the program should...

For Some Borrowers, It’s Now Easier to Get a Mortgage

Borrowers may be having an easier time applying for a mortgage compared to a year ago. The average credit score for approved mortgages dropped to 727 in December, down from 748 one...

Social Media a Tool for Lenders to Vet Borrowers?

Some lending companies reportedly are using social networks such as Facebook and Twitter to vet mortgage applicants before agreeing to issue them a loan. Lenders are checking to see if...