mortgage lenders
Foreclosure Settlement Between States and Mortgage Lenders Totals $26B
The federal government and 49 states have reached a landmark $26 billion foreclosure settlement with the nation’s five largest mortgage lenders, the Department of Justice announced Thursday. The joint agreement is the largest federal-state civil settlement ever obtained. U.S. Attorney General …
Mortgage Lenders On The Financial, Mortgage and Credit Crisis
Mortgage lenders that service home loans have their own take on the financial, mortgage and credit crisis and have their own problems also. Q: I think you should consider the cost incurred in servicing delinquent loans before declaring that lenders …
Finding A Good Mortgage Broker or Lender
If you have good credit and you are a first time home buyer, you need to find a good mortgage broker or mortgage lender to help you with your home purchase. Q: I am a first time home buyer and …
Bank of America Settles Over Countrywide Loans
As the year comes to a close, the problems are getting worse for Bank of America, Countrywide Financial and its subsidiaries. On December 21, 2011, federal officials announced a $335 million national settlement, stemming from discriminatory lending practices uncovered in …
Annual Credit Report Review and Score
If view your free annual credit report and review it, it’s good but it may be differ somewhat with the report pulled by a mortgage broker or lender. Q: I am an avid reader of your column and have been …
Time To Refinance Mortgage Again
Is it time to refinance your mortgage again, even if you have recently refinanced? Maybe. Q: I was listening to your radio show on Sunday and after what you said about your mortgage, I’m thinking I should refinance again. My …
Help For Homeowners from HUD-Certified Housing Counselors
Q: I was reading several of your articles in a New Jersey paper about loan modifications and what a nightmare they are. It made me tear up reading the second article which was almost exactly what we experienced with our …
Options for Underwater Mortgage Holders
Q: I need guidance on what to do with my underwater mortgage. My wife, my preschooler, my infant and I are living in a house that we owe $90,000 on that we bought eight years ago for about $100,000. Comps …
Loan Modification Hell Starts With Trial Loan Modification
Loan Modification Hell starts with the signing of the trial loan modification papers with a lender. Q: I just began a loan modification trial period in September for a period of 4 months with a major bank. I am a …
Finding a Good Mortgage Lender
Finding a good mortgage lender can be time consuming, but it shouldn’t be too difficult. Q: I heard your radio show this past weekend on refinancing. It sounds like you got a really good interest rate. My problem is that …
