The home loan process

The home loan process begins (or should begin) with home ownership counseling, but most “how to” mortgage guides overlook the need. A host of studies prove home buyers from all walks of life, will be a lot better off, in good times and bad, with home ownership counseling first, if they want to protect what’s likely their most valuable asset.

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Mortgage ‘borrower health’ on the mend

One of the primary reasons the housing recovery is hot to trot in some states is that those states have home buyers with the financial prowess buyers don't


30-year FRM unchanged, other rates tick up

The 30-year FRM (fixed-rate mortgage) was 4.40 percent, with an average 0.7 point, the week ending Aug. 15, according to Freddie Mac's weekly Primary Mortgage Market Survey. The


Department of Justice sues Bank of America for $850 million in investor fraud case

U.S. DEPARTMENT OF JUSTICE - Attorney General Eric Holder and U.S. Attorney for the Western District of North Carolina Anne M. Tompkins recently announced the United States has


Mortgage rates mixed, mostly flat

The 30-year fixed-rate mortgage (FRM) was 4.40 percent, with an average 0.7 point, the week ending Aug 8, according to Freddie Mac's weekly Primary Mortgage Market Survey. Last


Mortgage application dos and don’ts

The mortgage application maze is pockmarked with obstacles. If you don't watch your Ps and Qs you won't know the DOs and DON'Ts you should engage during the process. Like,


Mortgage rates bounce up

The 30-year fixed-rate mortgage (FRM) was 4.39 percent, with an average 0.7 point, the week ending Aug 1, according to Freddie Mac's weekly Primary Mortgage Market Survey. Last week,


CFPB busts Castle & Cooke Mortgage for violating new mortgage rules

The nation's consumer watchdog took a bite out of an alleged new mortgage rules violator in a recent federal district court filing. The filing seeks to force the mortgage


Wells Fargo circles the wagons amid mortgage reform

Wells Fargo Bank is getting out of the mortgage broker joint venture business, withdrawing due to mortgage reform. Wells Fargo Ventures, LLC, a wholly-owned operating subsidiary of Wells Fargo


Infographic: Two debt-to-income ratios

To your mortgage lender, debt-to-income (DTI) ratios are as important as your credit score. DTIs clue the lender (and you) to how well you are financially able to cover


Benchmark mortgage rates down two consecutive weeks

The average 30-year fixed-rate mortgage (FRM) came in at 4.31 percent, with an average 0.8 point, the week ending July 25. The rate was down from 4.37 percent last


CFPB proposes modifying mortgage reform rules

CONSUMER FINANCIAL PROTECTION BUREAU — Final public comments on the Consumer Financial Protection Bureau's (CFPB) proposed clarifications, and some narrow revisions to its January 2013 mortgage reform rules,


Mortgage interest rates see-sawing

Federal Reserve Chairman Ben Bernanke, downplaying discord among Fed policymakers, helped reign in rising mortgage rates. The average 30-year fixed-rate mortgage (FRM) dropped from 4.51 percent last week to


Mortgage rates move higher, but could ease

June's strong employment report led to more speculation that the Federal Reserve will reduce future bond purchases. Higher mortgage rates resulted. Some of that speculation could be tempered by


30-year FRM rate takes off, rising more than 0.5%

30-year isn't the only mortgage rate to get a hefty increase "Higher mortgage rates may dampen some housing market activity, but the effect will be muted by the high

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