Keyword Search Results
Home Loan
-
Spanish:
No pierda su casa (2006)
Un folleto que explica cómo un "préstamo sobre el valor líquido de la vivienda" le permite obtener dinero contra el valor líquido de su casa. Pero si no puede pagar los pagos del préstamo, puede… -
English:
Reverse Mortgages: Are They for You?
Older homeowners may be able to borrow against their equity by taking a reverse mortgage. This publication provides an overview of how reverse mortgages work and what you need to look out for when considering… -
Press:
Owners stop paying mortgages, and stop fretting
For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the… -
Press:
FTC wins Countrywide settlement, but celebrates too early
It’s an all-too-familiar Washington story. Officials call a news conference to pat themselves on the back for righting a wrong they shouldn’t have allowed in the first place. Meanwhile, the hapless victims are left to… -
Press:
More dropouts in mortgage relief program
The Obama administration’s marquee foreclosure-prevention initiative continues to struggle, as government data released Monday show that fewer homeowners are enrolling in the program and more are losing their federal mortgage aid. Lenders enrolled homeowners into… -
Press:
Loan giants threaten energy-efficiency programs
The Obama administration is devoting $150 million in stimulus money for programs that help homeowners install solar panels and other energy improvements, which they pay for over time on their property tax bills. At… -
Press:
Foreclosures boom among most creditworthy
A record number of borrowers once judged the most creditworthy are heading into foreclosure as the job market leaves more homeowners unable to keep up with mortgage payments. Foreclosures among borrowers with prime conforming loans… -
Press:
Countrywide to pay $600 million in shareholder lawsuits
Countrywide Financial Corp. which epitomized the home-loan industry’s boom and bust, has agreed to pay $600 million in the largest settlement yet of shareholder lawsuits stemming from the mortgage meltdown. The agreement, given preliminary approval… -
Press:
Feds rethink policies that encourage home ownership
Just how much should Uncle Sam do to help Americans buy their own homes? For 70 years — and for the last 15 in particular — the answer has been: Whatever it takes. Now, policymakers… -
Press:
Short sales soar in California, U.S.
Sales of homes for less than the amount of their outstanding mortgage debt have tripled since 2008, particularly in California and the Sunbelt, according to a report released Tuesday. Known as short sales, the increasingly… -
Press:
Borrowers refuse to pay billions in home equity
During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks, using the soaring value of their houses as security. Now the money has been spent and struggling borrowers are unable or unwilling… -
Press:
Equity in your home doesn’t translate to net worth
I have my own spin to put on the news that sales of existing homes plunged 27 percent in July: Stop thinking of your home as your cash cow. In the past few decades, borrowers… -
Press:
Survey: Mortgage closing costs 37% higher
A new federal rule this year requiring mortgage lenders to give borrowers reliable estimates of closing costs appears to be working — whether it’s also costing borrowers more money is uncertain. A recent survey by… -
Press:
Banks slow to buy back bad loans
A federal regulator is criticizing banks for failing to take back bad mortgages sold to giant mortgage buyers Fannie Mae and Freddie Mac. Edward DeMarco, acting director of the Federal Housing Finance Agency, says in… -
English:
Buying a Home - Leader’s Guide
The Buying a Home Leaderʼs Guide provides detailed information, written in question-and-answer format, to help teach potential homebuyers how to navigate the often complex process of purchasing a home. The guide covers such topics as… -
Press:
FHA modifies loan standards
Recent changes on FHA loans and how they will affect borrowers and sellers: Upfront insurance premium What is it? A fee the Federal Housing Administration collects from borrowers that can be paid in cash at… -
Press:
Shortcuts and forgeries mar foreclosure process
The nation’s overburdened foreclosure system is riddled with faked documents, forged signatures and lenders who take shortcuts reviewing borrower’s files, according to court documents and interviews with attorneys, housing advocates and company officials. The problems,… -
Press:
No mortgage mods for many jobless
Unemployed homeowners cannot count jobless benefits as income when applying for mortgage modifications if they have loans backed by Fannie Mae. That could greatly limit their ability to get a long-term reduction in their monthly… -
Press:
Chase to freeze foreclosures over flawed paperwork
J.P.Morgan Chase, one of the nation’s leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest… -
Press:
Revisiting foreclosures aids homeowners but clogs market
On Florida’s west coast, where the housing bust has flooded courts with foreclosure filings, the chief judge of the 6th Judicial Circuit has little sympathy for lenders who have routinely submitted flawed and possibly fraudulent… -
Press:
Foreclosure fraud? Ohio vs. GMAC may have ripple effect
Ohio Attorney General Richard Cordray Wednesday filed a civil lawsuit against GMAC Mortgage and its parent, Ally Financial, alleging they used fraudulent affidavits and documents to mislead courts in hundreds of home foreclosures in the… -
Press:
Foreclosure logjam threatens Fannie, Freddie
A breakdown in the nation’s foreclosure process threatens to create billions of dollars in losses for federally controlled mortgage finance companies Fannie Mae and Freddie Mac, highlighting how improper actions by banks could impose new… -
Press:
California may join probe of lenders that seized homes
California officials are considering joining a multistate investigation of whether lenders have violated foreclosure laws when seizing houses from delinquent borrowers. The investigation, which is expected to be publicly announced Wednesday, is spearheaded by Iowa… -
Press:
Government makes changes to reverse mortgages
If you have been toying with the idea of taking out a reverse mortgage, note that the market today is significantly different from what it was just a couple of months ago. Monthly insurance premiums… -
Press:
U.S. to lenders: fix documents, but foreclosures can continue
Federal regulators sought Wednesday to prevent the growing furor over improper foreclosures from escalating, pressing mortgage lenders to replace flawed and fraudulent court documents while insisting that foreclosures continue apace. The approach adopted by the…
Quick Menu
Support Consumer Action
Join Our Email List
