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    May 3, 2013 |Story| Los Angeles Times
  1. 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

  2. May 2, 2013 |Story| Chicago Tribune
  3. 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.
    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

  4. May 2, 2013 |Story| KWCH
  5. Wichitans charged with mortgage fraud

    Seven people in Wichita have been charged in a federal mortgage fraud case.
    KWCH 12 Eyewitness News
    Seven 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

  6. May 1, 2013 |Story| Allentown Morning Call
  7. 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

  8. Apr 26, 2013 |Column| Los Angeles Times
  9. 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

  10. Apr 25, 2013 |Story| Los Angeles Times
  11. 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.
    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

  12. Apr 19, 2013 |Story| Los Angeles Times
  13. 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

  14. Apr 17, 2013 |Story| Hartford Courant
  15. 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

  16. Apr 10, 2013 |Story| Los Angeles Times
  17. 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.
    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

  18. Apr 11, 2013 |Story| Los Angeles Times
  19. 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

  20. Apr 12, 2013 |Column| Chicago Tribune
  21. 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.
    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

  22. Apr 10, 2013 |Story| Los Angeles Times
  23. 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.
    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

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Federal Housing Administration Photos
The Federal Housing Authority guarantees mortgages, esp...
(February 15, 2012)
Review Government & Special Loan Programs
You will be writing lots of checks. Expenses typically...
(February 13, 2012)
Costs of Purchasing
and in advising prospective home buyers on how to repai...
(April 14, 2011)
Tim Miller, mortgage loan officer, Charter One