All Posts Tagged With: "rules"
Should Government Set Mortgage Rates?
With all the talk of getting a new mortgage there’s one question which no one seems ready to touch: Why doesn’t the government ought to set mortgage rates? At first this may seem like an audacious idea, a violation somehow of the free market absolutism preferred by so many businesses and industries — at least [...]
26Sep2011 | Peter G. Miller | 0 comments | Continued
The foreclosure story mortgage lenders fear most
This has been a dark and dusty year for mortgage lenders. There has been the robo-signing scandal, publication of Michael Hudson’s inside tell-all, The Monster, and buy-back claims by investors yelling fraud and asking for billions in compensation. But perhaps the worst news has been saved for last, a little-noticed decision in Ohio that could [...]
30Dec2010 | Peter G. Miller | 0 comments | Continued
Tenants Get New Rights When Homes Are Foreclosed
There are any number of reasons why foreclosures are awful and one of them concerns tenants: Until new legislation was signed by President Obama last month tenants could be evicted from a foreclosed home, regardless of whether or not they had a lease or paid their rent in full and on time. Now, however, the [...]
10Jun2009 | Peter G. Miller | 0 comments | Continued
What rules make it easier to qualify for FHA financing?
In recent years FHA has make qualifying easier. Some improved standards include: • Allow overtime income if regular and expected to continue. • Dump the old five-year test for income stability. • Accept part-time income if regular and expected to continue. • Child care expenses not counted as a debt • It’s okay to use [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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