Posts Tagged ‘mortgage’


Mortgage Brokering – Another Real Estate Scam?

For many mortgage seekers the tried and true route to a loan is through a bank or perhaps a credit union. But faced with an often bewildering array of loan products and interest rates – as well as the potential for being turned down by one or more lenders – potential homebuyers are increasingly turning […]

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More Legal Woes for Bank of America?

Will the Bank of America never learn? After a multibillion dollar settlement in the robosigning bank fraud scandal and ongoing court battles related to charges of skewing numbers reported to LIBOR, the bank so many love to hate is in trouble again, facing accusations of bad faith that could jeopardize yet another settlement in yet […]

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When the Fed’s in the Red, You Pay More

The housing market may be on the rebound after the great collapse of a few years ago, but the effects of that meltdown are still being felt. Large numbers of homeowners –and small investors – are still seeking relief through government sponsored mortgage assistance and refinancing programs. But because of the demand, the FHA’s mortgage […]

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When Good Debt Goes Bad: Gen Y’s Money Crunch

In a previous post, we took a look at why new and recent college graduates saddled with student loans are wary of taking on the traditional debts of adult life: car loans and mortgages. Now, new statistics on college graduation rates reveal that over half of those under 25 who finished college in 2011 with […]

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Good Debt, Bad Debt: Mortgages Can Save Money

For generations, parents have drummed the principles of financial responsibility into the brains of irresponsible offspring: pay your bills on time, save all you can and above all, stay out of debt. While the first two certainly still apply, in today’s financial climate, that last one may not be as ironclad a marker of savvy […]

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Do Changing Demographics Drive Home Sales?

In years past, homeownership was the bedrock of American stability and a clear marker of success – and maintaining home still represents those values. “Owning a home is the keystone of wealth, both financial affluence and emotional security,” says financial guru Suze Orman. But as America ages, suffers financial instability and becomes more diverse, the […]

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Why is Fair Isaac in Charge of Your Credit Score?

p>A recent study conducted by the online dating site Match.com reported that along with asking a first date about jobs, interests and family, more and more relationship-seekers are also inquiring about their prospective partner’s credit scores. For many, the credit score – those magical numbers between 300 and 850 that signify a person’s ability to […]

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The Shadow Inventory: Helping Housing to Recover?

Throughout history humans have learned to be wary of what lurks in the shadows, waiting to strike. The same principle may hold true as the housing market struggles to recover from the devastating subprime mortgage meltdown of a few years ago. Although statistics based on a variety of markers appear to point toward a slow […]

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The Fiscal Cliff Deal: What’s in it for Investors?

The eleventh hour came and went, and with the clock ticking toward the twelfth, some lawmakers blinked, others stood firm, and by New Year’s Day, enough progress was made to halt the country's headlong rush toward the fiscal cliff. When the dust settled, some sectors of the economy won, while others lost. For the housing […]

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Federal Mortgage Help: A Risky Business?

The housing industry continues its slow climb upward after the subprime loan meltdown of 2008, supported by a number of government backed initiatives aimed at stimulating the market and, in turn, the economy as a whole. But the Feds efforts to hold down interest rates while keeping struggling homeowners out of foreclosure and reduce the […]

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