Outlined in this new program is a requirement that home loans must be refinanced if the homeowners owe more than 140 percent of the value of their home.
Entries Tagged as 'home loans'
Obama Proposes Mandatory Refinancing for Underwater Home Loans
February 1st, 2012 · No Comments · Mortgages
Tags: banks·Home Affordable Refinancing Program·home loan·home loans·homeowners·Mortgage·Obama·refinance·Refinancing·underwater
Senators Sign Letter Criticizing Rules Designed to Circumvent Dodd-Frank
May 31st, 2011 · 2 Comments · Mortgages
Senators are concerned regulators want to enact rules circumventing good intentions of Dodd-Frank, making it even tougher for credit-worthy consumers to receive approval for home loans.
Tags: Borrowers·credit·Dodd-Frank·Dodd-Frank Wall Street Reform and Consumer Protection Act·down payment·Federal Housing Finance Agency·Federal Reserve·home loans·Housing and Urban Development Department·housing market·Mortgages·Underwriting
Test Your Credit Score Savvy
September 7th, 2010 · No Comments · Credit Bureaus and Scores
Though it is the most important factor considered in the loan approval process, credit scores are widely misunderstood. Here’s your chance to test your own credit score savvy.
Tags: Car Loans·Consumerist·Credit Reporting Agencies·Credit Score·FICO·home loans·Mortgage·Washington Post
High Credit Score a Necessity for Best Interest Rates
January 12th, 2009 · No Comments · Credit Bureaus and Scores, Mortgages, Real Estate
Interest rates may be at their lowest levels in years, but qualifying for those primo rates is, unfortunately, also more difficult than it has been in years. According to many mortgage brokers, lending institutions are generally reluctant to provide the most favorable rates to all but the most bulletproof of borrowers– fallout from the subprime [...]
Tags: Credit Scores·home loans·Interest Rates·mortgage rates·Mortgages·new home loans·Refinancing
