Featured News, Mortgage, US Real Estate

New 15-Year 'Wealth-Building' Mortgage for Low-Income Buyers?

By Mike Wheatley | October 7, 2014
Two mortgage executives are hoping to overhaul the 15-year mortgage, making it more readily available to low and moderate-income people. They say the changes will help borrowers build equity at a much faster pace than they would with a standard loan.
Featured News, Mortgage, US Real Estate

Are Credit Score Requirements Too Strict?

By Mike Wheatley | May 14, 2014
Executives at FICO, the creator of a credit score widely used in the mortgage industry, say that the high credit score “cutoffs” that mortgage lenders imposed following the housing crisis are stricter than necessary.
Featured News, Residential, US Real Estate

First-Time Buyers Have More Down Payment Options

By Mike Wheatley | May 5, 2014
About 60 percent of first-time home buyers make a down payment of 6 percent or less for a home, according to the March Realtors Confidence Index.
Mortgage, US Real Estate

'Pre-Underwriting' Borrowers To Compete with Cash Buyers

By Mike Wheatley | March 25, 2014
Some lenders are helping buyers better compete. Known as “pre-underwriting,” they’re putting loan applications through a more thorough venting process before the buyer even enters into a contract for a home.
Mortgage, US Real Estate

Underwater Borrowers Regain Equity as Home Prices Rise

By Mike Wheatley | March 21, 2013
Underwater homeowners have been given a tremendous boost by rising home prices over the last 12 months, with more than 1.7 million borrowers regaining equity by the end of 2012. This means that there are now 38.1 million homeowners with equity in the US, according to the latest report from CoreLogic.
Real Estate Resource, US Real Estate

A Little? A Lot? Down Payments and Your House Payment

By Guest Author | December 28, 2012
Your down payment represents the initial blood, sweat and tears that you put into your new home. It’s one of the factors lenders review when evaluating a mortgage application along with credit, income and job history. But how much is the ideal amount for a down payment?
Real Estate, US Real Estate

Nationwide Appraisal & Settlement Network Open New Divisions

By Allison Halliday | November 2, 2012
The Nationwide Appraisal and Settlement Network have recently opened new divisions in order to service their reverse mortgage, hard money and mortgage servicing clients.

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