Making sense of the Financial Regulations Bill for Buyers

Filed under: Current Events, Current Mortgage Rates, Finance, Making Home Affordable, Mortgage, Mortgage Rates, Real Estate Market, Tax Issues, VRN | No Comments »

New rules just implemented will make it easier for people to correct inaccurate information contained in their credit reports.

Filed under: Commentary, Credit, Credit Cards, Current Events, Money-Saving, VRN | No Comments »

Get the latest appraisal news and analysis.

Appraisal Foundation, Appraisal Institute In Dispute

House Offer Includes Sunset of HVCC

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What’s the best way to prevent banks from taking reckless risks with customers’ money? Do away with savings and checking accounts, says Boston University economist Laurence Kotlikoff. In his new book, “Jimmy Stewart Is Dead: Ending the World’s Ongoing Financial Plague With Limited Purpose Banking,” Kotlikoff says checking accounts should be replaced with all-cash mutual [...]

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Is it time to rush out and buy a house before mortgage rates go up? As the Federal Reserve winds down its intervention in the mortgage market, rates on home loans are generally expected to rise at least modestly during the rest of this year from today’s unusually low levels. Some analysts believe mortgage rates [...]

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What is a short sale? A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance due on the loan.

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Mortgage interest rates change as often as two to three times in one day. Securing the lowest rate possible is every borrower’s goal. However, it’s impossible to time the finance market, just as it’s impossible to predict exactly when the housing market will peak or slide.

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As millions of Americans begin to realize that it will be years if not decades before their houses are worth what they owe on them, there has been lots of talk about whether it’s okay to just voluntarily walk away from your mortgage.

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