Access to mortgage credit is at its highest level in at least three years, and credit standards are expected to loosen even more this year, according to a newly-released index by the Mortgage Bankers Association.
Every time I see one of those reverse mortgage commercials on television – especially the one with Fred Thompson – I have to fight the urge to throw something at the TV. I’ll come out of the closet and admit it, I hate reverse-mortgage commercials with a passion that is difficult to describe. For one […]
Certainly most real estate professionals are exactly that, professionals. Still, there are real estate arrangements that you should avoid just to prevent the temptation for professionals to manipulate the deal. The most prominent is dual agency. Dual agency is when one real estate office represents both the seller and the buyer in the same deal. […]
A former Fannie Mae employee is going on trial this week after being accused of soliciting kickbacks from a real estate broker in exchange for foreclosure listings. Armando Granillo, a former foreclosure specialist at Fannie’s western regional office in Irvine, Calif., is arguing in court that he thought such practice was commonly accepted behavior.
A plan to restructure the secondary mortgage market has emerged from the United States Senate Committee on Banking, Housing and Urban Affairs. Banking committee chairman Tim Johnson, D-S.D., and ranking member Mike Crapo, R-Idaho, say their plan includes a government guarantee for mortgages, but only after private investors take the first losses