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Mortgage Lenders

6 Reverse Mortgage Tips To Rely On When Shopping Lenders

Michael Lazar | Posted 12.26.2015 | Fifty
Michael Lazar

A reverse mortgage is a viable proposition for homeowners age 62 and over. It allows them to access their available home equity while still holding the title to their home. The extra income can be used as the borrower sees fit, from remodels to medical bills or just to meet monthly obligations.

How Much Mortgage Can You Afford? | Posted 11.30.2013 | HuffPost Home

Remember that there are hundreds of loan programs available in today's lending market, and each has different guidelines. So, don't be discouraged if your dream home seems out of reach.

Ben Hallman

Mortgage Industry Discriminated Against Women, New Study Suggests | Ben Hallman | Posted 03.12.2013 | Business

In an era when buyers of all backgrounds have found buying or refinancing a home difficult, women have had a particularly tough time, a new study by a...

Refinancings Come Into Focus

Lita Smith-Mines | Posted 05.11.2013 | New York
Lita Smith-Mines

If we're looking for an economic rising tide to carry all our boats, I don't see it locally just yet. I see the holes in leaking vessels being plugged, while those onboard are still carrying excess weight.

WATCH: The Fed Has Something To Say To Foreclosure Victims

The Huffington Post | Alexander Eichler | Posted 05.24.2012 | Money

To steer homeowners toward a little-used foreclosure review program, the government is harnessing the power of YouTube. The Federal Reserve release...

Wells Fargo Is Dominating The Mortgage Industry

Reuters | Posted 07.03.2012 | Business

* Wells Fargo made 33.9 pct of US mortgages in 1st quarter * U.S. Bancorp jumps to third from fifth * Ba...

Turning Foreclosures Into Rentals, The Federal Reserve Way

AP | Posted 04.06.2012 | Business

WASHINGTON -- The Federal Reserve has issued policy guidelines for banks turning foreclosed homes they own into rentals, a trend that could help boost...

Black Borrowers Face Higher Hurdles in Lending, Study Shows

Posted 02.26.2012 | Black Voices

By Stefanos Chen This post originally appeared at AOL Real Estate. Qualifying for a loan in today's tight credit market is hard. But add rac...

Foreclosures Taking Nearly Three Times As Long To Process As In 2007

The Huffington Post | Alexander Eichler | Posted 12.28.2011 | Business

If the American housing market is ever to recover -- and provide some momentum to a broader economic turnaround -- it needs to work its way through th...

Mortgage Meltdown Has Made Every House a Sukka

Rabbi Shmuley Boteach | Posted 12.12.2011 | Business
Rabbi Shmuley Boteach

The impermanence of property is the universal lesson behind the Jewish observance of Sukkot, which begins tonight. We largely move out of our homes into temporary homes and shelter called 'sukkas.' The message: never rely on money or property but on G-d alone for permanence.

Occupy Wall Street: A New Wave of Fair Housing Activism?

Gregory D. Squires | Posted 12.12.2011 | Politics
Gregory D. Squires

We may witness a surge in fair housing, fair lending, community reinvestment and economic justice activities and outcomes in the near future.

Are All Short Sales Bargains?

Lita Smith-Mines | Posted 11.06.2011 | New York
Lita Smith-Mines

When it comes to buyers, short sales offer no clear-cut advantages. Delays abound and opportunities arise to reduce the whole transaction to a giant waste of time.

Obama Administration Takes Shots At Bank Of America, JPMorgan

AP | DEREK KRAVITZ | Posted 11.01.2011 | Business

WASHINGTON — Two of the nation's largest mortgage lenders are not doing enough to help Americans avoid foreclosure, the Obama administration sai...

Shahien Nasiripour

Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending | Shahien Nasiripour | Posted 09.25.2011 | Business

WASHINGTON -- The Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for allegedly preying u...

Hawaii's Extensive Foreclosure Law Clogging Courts, Housing Market

Associated Press | MARK NIESSE | Posted 09.04.2011 | Business

HONOLULU -- When Hawaii passed a new law with extensive protections to prevent residents from losing their homes, it was hailed as the nation's strong...

Effective Housing Reform Requires Mortgage Lenders Retain Risk: Official

Posted 08.24.2011 | Business

WASHINGTON - Regulators want to ensure mortgage lenders retain some of the risk on loans they originate, as it is crucial to strengthen the housin...

16 Mortgage Lenders And Servicers Ordered To Reimburse Homeowners

AP | The Associated Press | Posted 06.13.2011 | Business

WASHINGTON/CHARLOTTE, North Carolina (Dave Clarke and Joe Rauch) - U.S. bank regulators announced pacts with the largest home lenders over allegat...

All-Cash Buyers Exploiting A Stumbling Housing Market

Bloomberg News | John Gittelsohn | Posted 05.29.2011 | Business

As lenders tighten mortgage standards and consumers stay on the sidelines amid a five-year slide in home prices, all-cash purchases are surging. The d...

Should Homeowners Be Jailed For Taking Out Bad Loans?

Posted 05.28.2011 | Business

To date, not a single mortgage lender has been sent to prison for their role in the financial crisis. At least one borrower hasn't been so lucky. C...

Freddie Mac Posts A Loss Of Nearly $2 Billion

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last y...

Shahien Nasiripour

Obama Consumer Agency May Not Be Able To Oversee Payday Lenders, Mortgage Firms | Shahien Nasiripour | Posted 05.25.2011 | Business

The nascent consumer agency dedicated to protecting borrowers from abusive lenders, a cornerstone of the Obama administration's efforts to reform the ...

Gretchen Morgenson: Court Case Exposes 'Bag Of Mortgage Tricks'

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Last week, a jury in federal district court in Reno, Nev., awarded a group of 50 mortgage investors $5.1 million in punitive damages against defendant...

Administration Official Blames Foreclosure Firms For 'Inexcusable Breakdowns'

Martin Crutsinger | Posted 05.25.2011 | Business

WASHINGTON (By Martin Crutsinger, AP) - An Obama administration official says a preliminary investigation into the foreclosure process has found inexc...

States, Banks In Talks Over Fund For Foreclosure Mess Losses

Washington Post | Ariana Eunjung Cha and Brady Dennis | Posted 05.25.2011 | Business

State attorneys general and the country's biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost ...

Heartless About The Homeless

Lita Smith-Mines | Posted 11.17.2011 | Healthy Living
Lita Smith-Mines

I am firmly convinced that until the rest of us adopt a "we're in this together" attitude and press our elected officials to slow down foreclosures and speed up hiring, home values will keep falling and businesses will keep failing.