RECENT BLOG POSTS
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"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place. Although many ‘qualifie...
01/03/2009
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"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place. Although many ‘qualif...
01/03/2009
“Unqualified” homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place. Although many ‘qualifie...
01/03/2009
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Consumers "shopping" for a mortgage have taken on a new twist, leading to the creation of an information-sharing network by competing mortgage lenders. In a desperate attempt to secure some forms of mortgage financing, loan applicants have turned to tailoring their loan application and loan docum...
12/06/2008
Homebuyers turned away due to lack of credit or credit scores do have a rather unconventional way to be approved without traditional credit or even a credit score. Nontraditional credit is a widely used form of credit verification used by certain mortgage lenders for loan applicants who prefer no...
12/05/2008
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How far will you go to get the dream home you have always wanted, or the lowest interest mortgage available? Are you willing to claim assets you do not have, or income that you truly cannot prove to be true? If so, you could be facing a lengthy prison term and a very heavy fine. The moment you...
12/05/2008
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Getting a mortgage loan approval is about to get a lot tougher as both Fannie Mae and Freddie Mac have opted to toughen underwriting guidelines for conventional mortgage loans as a direct result of the current housing and mortgage crisis. Revised mortgage loan underwriting guidelines will call ...
12/05/2008
Just when you thought the housing and mortgage crisis was limited to only homeowners, a new victim has been brought into the fray, one who doesn't own a home or have a mortgage. Who are these new, unsuspecting victims? The people who are actually renting homes! Thousands of homeowners (namely i...
12/05/2008
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The loan approval that you receive today could fail to close due to the lack of follow through required by consumers and their loan officers as stipulated directly within the loan approval itself. A loan approval contains several stipulations by a mortgage underwriter that requires the verificati...
12/05/2008
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Financing the purchase of a home is getting more difficult these days, especially for those consumers who may have recent or past credit delinquencies in their credit file. Credit score requirements by most mortgage lenders are changing on a weekly basis, requiring no less than a 580 middle scor...
12/05/2008