borrowers

Senate votes to ban certain bonuses for mortgage brokers, loan officers

The legislation prohibits payments for signing borrowers to higher interest rates and more onerous terms than those for which the borrowers were qualified. The U.S. Senate voted Wednesday to ban certain bonus payments to mortgage brokers and loan officers, cutting off what experts have called one of the key causes of the nation’s mortgage meltdown.

See original here:
Senate votes to ban certain bonuses for mortgage brokers, loan officers

borrowers

Illinois mortgage defaults hit six-month high

Almost 20,000 homes repossessed this year Illinois homeowners received more mortgage default notices in April than in any month since October, and more than 75 percent of those filings were in the six-county Chicago area.

Original post: 
Illinois mortgage defaults hit six-month high

borrowers

Peter Boutell, Lending a Hand, Jan. 30, 2010: County offers mortgage credit program for first-time buyers (Santa Cruz Sentinel)

As if low mortgage rates, an $8,000 tax credit, low down payment programs, low home prices and willing sellers are not enough incentives to lure folks into buying a home, we now have one more reason to promote homeowner-ship.

See the original post: 
Peter Boutell, Lending a Hand, Jan. 30, 2010: County offers mortgage credit program for first-time buyers (Santa Cruz Sentinel)

borrowers

FSA proposes stronger mortgage arrears rules (Guardian Unlimited)

City watchdog reaffirms proposals to protect homeowners falling behind with mortgage repayments from excessive charges Borrowers who fall behind on their mortgage repayments must be treated more fairly, under proposals set out today by the City watchdog. The Financial Services Authority (FSA) said it planned to strengthen existing rules governing the way lenders handle mortgages that have fallen …

View post: 
FSA proposes stronger mortgage arrears rules (Guardian Unlimited)

borrowers

FSA proposes stronger mortgage arrears rules (MalaysiaNews.net)

The FSA will strengthen existing rules governing homeowners with mortgage arrears. Photograph: Alastair Grant/AP Borrowers who fall behind on their mortgage repayments must be treated more fairly, u…

View post: 
FSA proposes stronger mortgage arrears rules (MalaysiaNews.net)

borrowers

Obama Mortgage Program Helps 100,000 Borrowers (Fox News)

Obama Mortgage Program Helps 100,000 Borrowers

View post: 
Obama Mortgage Program Helps 100,000 Borrowers (Fox News)

borrowers

Carrie Lynn Center pays off mortgage with donation (Rockford Register Star)

ROCKFORD — The Carrie Lynn Children’s Center paid off its mortgage this week, thanks to a $47,000 donation.

See original here: 
Carrie Lynn Center pays off mortgage with donation (Rockford Register Star)

borrowers

Experts’ views mixed on mortgage options (Brisbane Times)

Economic experts are in two minds about whether borrowers should fix their mortgage at a relatively high interest rate or sign up for a low variable option.

Read the original post:
Experts’ views mixed on mortgage options (Brisbane Times)

borrowers

High-risk mortgage lending rapped (BBC News)

Some specialist mortgage lenders are so reckless that as many as 60% of their borrowers are in arrears, the City regulator says.

See the original post here: 
High-risk mortgage lending rapped (BBC News)

borrowers

FSA treats mortgage lenders like ‘drug dealers’ says CML chief (Daily Telegraph)

Britain’s financial regulators see lenders as “drugdealers at the school gates” the head of the Council of Mortgage Lenders CML said in an astonishing attack on the Financial Services Authority.

Original post: 
FSA treats mortgage lenders like ‘drug dealers’ says CML chief (Daily Telegraph)

Next Page »