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Mortgage

Combustible Adjustables: The Troubling Return of the ARM

Credit.com | Posted 04.10.2014 | HuffPost Home
Credit.com

It was only a matter of time. Adjustable-rate mortgages--the apocalyptical financial product of the recent economic collapse--are coming back in a big way.

Why We Are Losing the Tax Reform Debate

Martin Lobel | Posted 04.01.2014 | Politics
Martin Lobel

Reform does not mean raising taxes on the rich. It means cutting tax subsidies to the rich to slow the dramatic shift of wealth from the middle class to the very rich.

My Home and My Dream, Foreclosed Upon

Carla Shutak | Posted 04.02.2014 | Politics
Carla Shutak

Five years later I still cry. I cry for our hard work which benefits only the banking industry and the super-rich. I cry because the government bailed out the banks who call us irresponsible. I cry because we work four times harder for half the income and will never catch up again.

Making Your Extra Mortgage Payments Count

Jack M. Guttentag | Posted 04.02.2014 | Money
Jack M. Guttentag

You can use the same payment method that you use to make your scheduled payment. Just bear in mind that the relevant date is when the payment is credited by the lender, not the date when you sent it.

ARM vs Fixed-Rate Mortgages: What's Right For You?

Credit.com | Posted 03.13.2014 | Money
Credit.com

When it comes to buying a house, you have to make lots of decisions. You have to figure out which neighborhood you want, which school district, how much of a down payment to make, etc. One of these decisions is whether you will take out a fixed-rate or adjustable-rate mortgage.

FBI Ranked Mortgage Fraud As Lowest Criminal Threat After Crisis

Reuters | Posted 03.13.2014 | Business

By Aruna Viswanatha WASHINGTON, March 13 (Reuters) - The FBI ranked mortgage fraud as its lowest criminal threat after...

Mortgage Issues of Married Couples: From Loan Qualification to Breakup

Jack M. Guttentag | Posted 03.12.2014 | Money
Jack M. Guttentag

When a married couple purchases a house with the help of a mortgage, they become subject to a wide range of legal rules and custom-based practices at every stage of the process.

Will Mortgages Ever Be Transacted in Bitcoins?

Jack M. Guttentag | Posted 04.16.2014 | Money
Jack M. Guttentag

That this question gets asked with increasing frequency is an indication of how far the bitcoin phenomena has come.

3 Myths About Buying Your First Home

Eric Roberge | Posted 04.08.2014 | HuffPost Home
Eric Roberge

A purchase that looks like a home run from the outside, may have actually resulted in a loss.

How to Lower Your Property Taxes, and When Not to Try It

MyBankTracker | Posted 02.11.2014 | Money
MyBankTracker

As property values across the nation are on the rise, property taxes on a primary residence are unlikely to go down without a bit of effort and knowing where to look for savings.

What to Do if Your Credit Score Is Not Good Enough for a Mortgage

MyBankTracker | Posted 01.25.2014 | Business
MyBankTracker

As the housing bubble was growing, many Americans with low credit scores were able to benefit from a variety of housing loans. However, the boom led to the bust that followed, and financing a new home purchase through a bank with subpar credit has become far more difficult.

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?

realtor.com | Posted 11.30.2013 | HuffPost Home
realtor.com

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
MyBankTracker

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 06.05.2013 | 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?

www.nytimes.com | 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.