Until recently, most lenders refrained from lending to borrowers with credit scores far below 600, even when government loan programs such as the Federal Housing Administration permitted it. The lenders worried having to buy the loans or indemnify the FHA for losses if the borrowers defaulted, not ... » Learn More about Loan Shortage Pushes Mortgage Firms to Accept Lower Credit Scores
3 Reasons to Refinance Before the Weather Improves
These solutions can help you secure a mortgage for your house. While mortgage rates went up last year, they held quite steady throughout early 2014. That could change as the weather starts to warm up. Here are three factors refinancing could get harder in the months ahead. 1. Better weather could ... » Learn More about 3 Reasons to Refinance Before the Weather Improves
A Conference Call in Real Life – funny
For anybody that has participated in a conference call, you'll get a kick out of this. ... » Learn More about A Conference Call in Real Life – funny
Chinese Buyers See Huge Opportunity in U.S.
More Chinese home buyers are turning their focus, that typically has been on real estate in Malaysia, Singapore, Canada, and Australia, to snatching up property in the U.S., Yahoo! Finance reports. Chinese buyers were second to Canadians for the largest number of U.S. homes bought last year by ... » Learn More about Chinese Buyers See Huge Opportunity in U.S.
Freddie: No More Record-Low Mortgage Rates
While mortgage rates have been increasing the last few months, they are currently historically low compared with the trend over the last four decades, per Freddie Mac. However rates as low as they were in November 2012-- when the 30-year fixed-rate mortgage got to an all-time low of 3.31 percent-- ... » Learn More about Freddie: No More Record-Low Mortgage Rates