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2009 Mortgage Loan Limits (Updated)
There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, FHA and VA loan limits to see how much can be financed with the most-widely originated loans.
If you borrow at or below the conventional loan limit for non-government mortgages, you would have what is generally known as a [...]
Judge To Lenders: Show Me The Note
With mortgage practices under fire on Capitol Hill and across the country, a federal court decision in Cleveland is now proving more important each day: Homeowners can’t be foreclosed unless mortgage owners actually go to court and prove they have the right to call the loan.
At first this may seem unimportant. After all, when a [...]
Who Should We Blame For The Mortgage Meltdown?
According to Alan Blinder, a former vice chairman of the Federal Reserve and now a professor of economics and public affairs at Princeton, there are six factors which caused the current foreclosure mess — a list which curiously excludes, ahem, the Federal Reserve.
Let me explain.
Writing in the New York Times, Mr. Blinder says the fault [...]
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
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