On July 30th, 2008, President Bush signed into law the Homeownership and Economic Recovery Act of 2008, also known as HERA, that put into effect a number of changes to the way the mortgage system operates.
Licenses Required for Mortgage Originators
For the first time, mortgage originators are now required to be registered and licensed on the [...]

With all the turmoil in the mortgage industry these days, a number of our readers have been wondering what happens if their mortgage lenders go belly up. Will the terms of your loan change? Will you have to renegotiate the loan with another lender? Well, most of what goes on in the secondary mortgage market [...]

The Mortgage market is tough right now; foreclosures are on the rise, there is a glut of homes on the market, and no end in sight. President Bush has recently unveiled his FHA program to bail out homeowners in need. The program he plans to roll out is called FHA Secure and is supposed to [...]