Having choices is a strength of the system, because the different mortgage types can serve borrowers with different needs. The system is weak, however, in helping borrowers make good decisions.
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Since the credit crisis in 2008, lenders have made it more difficult to get a loan. If you are in the market to buy a home or refinance, you'll have three options for a mortgage.
Why would so many people opt for an adjustable rate mortgage when it's so dangerous? Most likely, they just don't understand the risks.
NEW YORK (Leah Schnurr) - Applications for home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group sai...
Hopes for economic improvement this year are being threatened by the lingering mess of unresolved foreclosures.
Alleged foreclosure fraud committed...
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