mortgage

Pages

Retiree: Pay for a house outright or carry a mortgage?

Oct 12, 2012
One retiree is seeking to sell her house and move. But she wonders whether it would be wiser to pay for a house with cash or carry a mortgage in retirement.
Posted In: Retirement, Housing, Investing, mortgage

Fannie and Freddie to allow principal reductions in California

Sep 14, 2012
This week, Fannie and Freddie quietly put out some "clarifying language" that could mean a lot to some beleaguered homeowners in California and in other states.
Posted In: Housing, mortgage, Fannie Mae

Bernanke's low mortgage rate

Sep 6, 2012
Thanks to financial disclosure rules, we know what Federal Reserve Chairman Ben Bernanke pays on his mortgage.
Posted In: Ben Bernanke, mortgage

Mortgage giants face new carrot -- and stick

Aug 17, 2012
Fannie Mae and Freddie Mac get some slack on repaying government bailout funds. But they’ll have to shrink their businesses faster than planned.
Posted In: Fannie Mae, Freddie Mac, mortgage

Collective home ownership on the rise

Aug 10, 2012
Your friends and you have been through a lot together -- but do you think you can buy a house with them?
Posted In: real estate, Housing, collective home ownership, mortgage, friends

CFPB proposes new rules for mortgage servicers

Aug 10, 2012
The Consumer Financial Protection Bureau today proposed new rules for the companies that service your mortgage. The proposed reforms seem to mandate a big upgrade in customer service.
Posted In: Consumer Financial Protection Bureau, mortgage

A positive sign: Profits for Fannie Mae, Freddie Mac

Aug 8, 2012
Rising home prices contribute to profits for the bailed-out mortgage lenders. Higher home prices should help the real estate market and homebuyers, too.
Posted In: mortgage, Freddie Mac, Fannie Mae, home prices, Housing

FHFA rejects White House plan for Fannie and Freddie

Aug 1, 2012
A federal housing regulator is rejecting a White House plan to help borrowers who are underwater on their mortgages. That means they owe more than their homes are worth and there are about 11 million people in that category. The Federal Housing Finance Agency said the potential benefits of cutting mortgage balances for those people don't outweigh the costs.
Posted In: mortgage, Housing, underwater

Wells Fargo to cut ties with independent brokers

Jul 13, 2012
After the Justice Department announced a $175 million settlement with Wells Fargo for alleged discrimination against thousands of African American and Hispanic borrowers, the bank looks to cease operations with independent mortgage brokers, whom they blame for the prejudicial lending.
Posted In: Wells Fargo, doj, mortgage, investigation

The co-borrower blues

Jun 11, 2012
I purchased a condo with a good friend approximately 5 years ago. We co-signed the mortgage and have had a great experience co-owning as friends. I recently got engaged and it's time for me (us) to move on. I'm having a difficult time finding an alternative to having my name removed from the co-signed mortgage. What options exist for us? Tom, Minneapolis, MN
Posted In: cosigner, c0-borrower, mortgage, home

Pages