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Mortgage Acts and Practices

August 28, 2013
Home owners continue to face hassles with mortgages, particularly from servicers who are "sloppy" about loan paperwork and payments.
August 23, 2013
The nation's largest mortgage lender says it's cutting 2,300 employees due to a drastic decrease in refinances because of rising interest rates.
August 21, 2013
Higher interest rates continue to put the squeeze on the number of home owners refinancing, leading to the second consecutive week in which loan demand has fallen.
August 19, 2013
Mortgage giant Fannie Mae might limit its purchases of mortgages that require a minimum down payment of 3 percent.
August 19, 2013
More than half of all homes sold last year and in 2013, so far, have been purchased mortgage-free, according to a new report.
August 19, 2013
The Federal Housing Administration may soon give home owners who once underwent a bankruptcy, foreclosure, or short sale due to the recession another shot at home ownership.
August 15, 2013
With fewer home owners refinancing their mortgages because of rising interest rates, banks may soon relax their lending standards to ramp up business, according to the Mortgage Bankers Association.
August 13, 2013
Having millions of dollars in assets and a high credit score doesn't necessarily guarantee you approval for a home loan, particularly if your income is still too low.
August 12, 2013
If the House plan to eliminate the government's role in the mortgage finance system becomes law, typical borrowers could pay an extra $135 per month in additional interest payments.
August 12, 2013
Federal regulators are investigating PNC Financial Services over its mortgage business.

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