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FHA Is $48 Billion in the Black

Peter G. Miller | Posted 01.23.2014 | Business
Peter G. Miller

The FHA operates as a mortgage insurance program. It promises to cover lender losses if a loan goes bad. Like any insurance program it collects premiums, keeps reserves and pays out claims.

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.

Acreage Mistake May Allow Mortgage Rescission

Brad Reid | Posted 10.30.2013 | Business
Brad Reid

If both the borrower and mortgage lender are mistaken (mutual mistake) concerning the acreage being purchased and financed, there may be a basis for rescinding (unmaking) the mortgage according to a recent decision of the U.S. Court of Appeals for the Eighth Circuit.

4 Necessary Considerations Before Buying a Vacation Property

MyBankTracker | Posted 09.25.2013 | Business

If you're considering the purchase of a vacation home or a second residence, navigating the landscape of mortgages and lender practices can be confusing, and you'll have a lot of decisions to make.

If You're House Hunting, Consider These 5 Tips

Women & Co | Posted 07.24.2013 | HuffPost Home
Women & Co

After years in the doldrums, the U.S. housing market is finally showing signs of life. Looking to buy a home? Here are five tips to keep in mind:

Buying a Home? Smart Tips for Getting a Hassle-Free Mortgage

Adrian Nazari | Posted 07.21.2013 | Business
Adrian Nazari

With this year's home buying season off to a strong start, due in large part to tight inventories and low interest rates, many prospective homebuyers may find securing financing an obstacle. Here are some tips on how to secure financing to help make the mortgage process easier.

Why FHA Mortgages Are More Stable Than We Think

Peter G. Miller | Posted 07.16.2013 | Politics
Peter G. Miller

For the past year there have been worries that the FHA might require taxpayer money to pay off lender claims for loans gone bad. But now it may be that the economy has turned around and the FHA may well do better than anyone thinks.

Down Payment Debate Flares Again

Peter G. Miller | Posted 07.02.2013 | Business
Peter G. Miller

For months the real estate industry has been complaining about a shortage of homes to sell, an inventory which is too small. Raise down payment requirements and the inventory problem will vanish while home prices will fall. Why? Because there will be fewer buyers in the market looking for homes.

Feds Give Storm Victims Break On Mortgage Payments

AP | Posted 06.12.2013 | Green

NEW YORK — Federal mortgage payment relief has been extended up to one year for more than 200,000 homeowners whose houses were damaged by Supers...

How Does a Mortgage Borrower Avoid Lock Scams?

Jack M. Guttentag | Posted 11.10.2014 | Business
Jack M. Guttentag

While prices may change in either direction, the risks to the borrower are not symmetrical. Borrowers waiting to lock will always pay more if the price has risen but they won't necessarily pay less if the price has declined.

How Can I Improve My Credit So We Can Buy a House?

Steve Rhode | Posted 04.10.2013 | Business
Steve Rhode

Question: Dear Steve, Although I have made great strides in the last four years, I brought a poor credit history and score to our marriage (marr...

Could The Mortgage Crisis Make A Comeback? | Posted 04.02.2013 | Business

IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims of foreclosure abuses, including bungle...

Common 'Cents': Money Tips for the Working Poor -- Tip #3: Take a Financial Picture

Ryan Mack | Posted 03.26.2013 | Business
Ryan Mack

If you are going to chart the progress of your weight loss during a diet, you must first start by facing the music and stepping on the scale. The same applies for your finances.

Mortgage Debt Relief Act Receives Much-Needed Extension

Anna Cuevas | Posted 03.12.2013 | Business
Anna Cuevas

Struggling homeowners can breathe a sigh of relief knowing that Congress has included an extension of Mortgage Forgiveness Debt Relief Act in an eleventh hour bill to avoid a possible fiscal cliff crisis.

Catherine New

Lesbian Couple Alleges Bank Of America Discriminated Based On Sexual Orientation | Catherine New | Posted 01.10.2013 | Business

In the early spring of 2012, Patty Snyder and her partner Shelley (who asked to use only her first name) went house hunting in South Daytona, Fla. The...

How to Pretend Everything Is Still OK!

Philip David Morton | Posted 05.26.2015 | Comedy
Philip David Morton

My Pretending System has helped over seven million people find happiness and by that I mean a number that was actually 106. But that didn't seem very impressive so I'm pretending it was more. See? Pretending works for everyone!

How the Fiscal Cliff Could Impact the Housing Recovery

Ryan Nickum | Posted 02.18.2013 | Business
Ryan Nickum

Everyone agrees the economy will falter if we go off the fiscal cliff, but how will the tax increases and spending cuts it will trigger impact the housing market?

Can Debt Be Good For Your Finances?

SaveUp | Posted 02.06.2013 | Money

Is all debt bad? Not necessarily. Certain types of debt are either beneficial or detrimental as we try to improve our finances.

Santa's Credit Score is 777

Adrian Nazari | Posted 02.05.2013 | Money
Adrian Nazari

Ever wonder what Santa's credit score looked like?

Would You Get A Mortgage From Here?

Reuters | Posted 02.02.2013 | Money

* Survey: 80 pct of consumers would consider non-bank mortgage * Cost, service and trust key factors in selecting loan ...

Is This a Good Time to Take a Fixed-Rate Reverse Mortgage?

Jack M. Guttentag | Posted 11.10.2014 | Fifty
Jack M. Guttentag

For qualifying seniors, now really is a great time to consider a government-insured reverse mortgage, and here's why: Seniors can get more money out of their homes now then they will when interest rates, now at historic lows, begin to rise again.

Refinancing Woes Continue For Older Americans

Reuters | Posted 12.22.2012 | Fifty

By Cynthia Ramnarace Oct 22 (Reuters) - With $2 million in retirement assets and a stellar credit rating, Art Grossman...

He'll 'Pick A Number,' And Here's Who'll Get Screwed

The Huffington Post | Catherine New | Posted 10.17.2012 | Money

Middle-income households and homeowners in expensive real-estate markets are still the biggest losers when it comes to Republican presidential nominee...

Watch: Teen Builds Mortgage-Free Dorm on Wheels

Kirsten Dirksen | Posted 12.16.2012 | College
Kirsten Dirksen

Total cost was $12,000, but it's debt-free and it's much more than your typical college digs. It has a full kitchen (including a fridge/freezer, sink and camping oven), a sofa-bed he built himself, a nearly full-sized shower (he chopped the top off) and a composting toilet.

Four Steps to Educate Students About Personal Finance

Ben Mulling | Posted 12.12.2012 | Money
Ben Mulling

Years later, having paid off all of this debt and having a totally different frame of mind as it relates to personal finance, I wonder what it would have taken to have prevented me from making all of those financial mistakes so early in my life.