All Posts Tagged With: "borrower"
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 [...]
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 [...]
Who Should Loan Officers Represent?
For all the talk of foreclosures and failing lenders, the bottom line is this: The mortgage lending system is both sound and hugely successful. Despite the headlines, most borrowers are making payments. Even among subprime borrowers — the borrowers most in the news — 81 percent are making their monthly loan payments as of mid-2008.
“The [...]
The Case Against Too Many Options
The latest mortgages to catch the attention of both the media and federal regulators are “option” loans, a form of financing which is likely to end badly for lots of borrowers.
More than a decade ago a few California lenders came up with a clever idea for borrowers with good credit and a solid payment [...]
What Happens If My Mortgage Is Sold?
Millions of loans are outstanding, including a large number sold each year from one lender to another. If it happens that your loan is among those sold, worry not — Uncle Sam makes the process safe and protects your interests.
Your mortgage may be a debt to you, but in the world of mortgage financing [...]
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