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Loan underwriters make 'absurd' demands in effort to verify data
Did you hear about the loan underwriter who demanded a letter from the borrower's doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who...Tags: Fannie Mae, Social Security, Freddie Mac, Mortgages, Religion and Belief
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First-time buyers learn compromise
After about six months of looking, Richard Mallek and his wife, Susan, are ready to close on their first home, a three-bedroom sanctuary with old Florida charm in Boynton Beach, Fla. Before the couple began their search last summer, they paged through...
Tags: Broward County, Mortgages, Banking, Boynton Beach, Inventories
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Wichitans charged with mortgage fraud
KWCH 12 Eyewitness NewsSeven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleged the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders. Victims of the fraud...Tags: Fannie Mae, Freddie Mac, Mortgages, Prosecution, Federal National Mortgage Association
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Seven charged in Allentown mortgage fraud
The managers of an Allentown mortgage company told employees to forge pay stubs, employment histories and other documents to secure loans for borrowers to buy real estate that in many cases they could not afford, federal authorities allege. As a result,...Tags: Mortgages, Punishment, Whitehall, Allentown, Prosecution
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Lifestyle is keeping budget goal out of reach
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...Tags: Mortgages, Pension and Welfare, Budgets and Budgeting, Finance, U.S. Department of Housing and Urban Development
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Mortgage rates fall for 4th straight week; 15-year at record low
U.S. mortgage rates fell for a fourth consecutive week and the average rate for a 15-year loan hit a new record low, the latest survey of lenders shows. The average rate on a 30-year fixed-rate mortgage was 3.40%, down from 3.41% last week, according to...
Tags: Freddie Mac, Mortgages, Services and Shopping, Homes, Real Estate
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Is tenant's guest entitled to keep service animal in unit?
Question: I manage a 12-unit apartment complex with a strict no-pets policy. We understand that under federal and state fair housing law, we may need to make an exception to our no-pet policy for a disabled resident who requires a service animal as a...Tags: Rentals
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Emergency Mortgage Assistance
Connecticut’s Emergency Mortgage Assistance Program (EMAP) can help homeowners facing foreclosure. It offers loans to help homeowners who have fallen behind or anticipate falling behind on their mortgage payments due to temporary financial...Tags: Mortgages, Economy, Business and Finance, Finance, Mortgage Assistance, Foreclosures
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FHA may need $943-million bailout
WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...
Tags: Mortgages, Services and Shopping, Budgets and Budgeting, Marketing, Finance
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Freddie Mac: 30-year mortgage at 3.43%, lowest since January
Mortgage rates are at their lowest level since January, the widely watched Freddie Mac survey shows, with the average for a 30-year fixed-rate loan dropping to 3.43% this week from 3.54% a week ago. The survey of rates lenders are offering to solid...Tags: Freddie Mac, Mortgages, Labor Markets, Economy, Business and Finance, Finance
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Hispanic homebuyers a driving force in housing
First-time buyers make the housing wheel go 'round: As they segue from renting to owning, they set off the sequence of move-up purchases that, in theory, will help the overall market get well. These days, Hispanic consumers seem to be pushing that wheel...
Tags: Mortgages, Services and Shopping, Inventories, Real Estate Buyers, Finance
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Obama budget projects $943-million bailout for key housing agency
WASHINGTON -- The Obama administration's proposed budget projects the Federal Housing Administration will need a $943-million bailout this year to stabilize its shaky long-term finances. The agency, whose mortgage insurance business increased...
Tags: Washington, DC, Fannie Mae, Mortgages, Economy, Business and Finance, American Enterprise Institute
May 3, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| Chicago Tribune
May 2, 2013
|Story| KWCH
May 1, 2013
|Story| Allentown Morning Call
Apr 26, 2013
|Column| Los Angeles Times
Apr 25, 2013
|Story| Los Angeles Times
Apr 19, 2013
|Story| Los Angeles Times
Apr 17, 2013
|Story| Hartford Courant
Apr 10, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
Apr 12, 2013
|Column| Chicago Tribune
Apr 10, 2013
|Story| Los Angeles Times
Original site for Federal Housing Administration topic gallery.
