One in nine home owners are more than 90 days behind on their mortgage payments, which has prompted loan modification scams that promise to rescue home owners from foreclosure doom to skyrocket. Four fair housing organizations...
read moreThe mortgage industry has reduced its workforce by more than 50 percent since the housing market peak. The industry has gone from more than 500,000 employees in late 2005 to 248,000 in February, according to the Bureau of Labor...
read moreThe number of mortgage applications are back on the rise again after a monthlong decline in filings, according to the Mortgage Bankers Association. Mortgage applications increased 5.3 percent the past week, with most of the...
read moreWhen you look at the success of FHA over the last few years since the downturn you have to wonder what’s up with the banks. Although the agency has had its credit challenges it never lost sight of the tough times borrowers face...
read moreOwner financing is a time tested, proven method of selling property. But in the late 1990′s and especially in the early-mid 2000′s, the availability of easy money made owner financing unnecessary. It became a lost...
read more3.5% down payment required, may be a gift from family or grant. 6% seller contribution to buyers closing costs & prepaids allowed. 31% / 43% debt ratio. non occupying co borrower allowed, immediate family member or...
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