It looks like banks and other mortgage lenders are in a forgiving mood. A study by the consumer credit reporting agency TransUnion finds that lenders are extending credit to homeowners who previously defaulted on their mortgages. “There appears to be a pocket of opportunity among mortgage-only defaulters that is not the result of excess liquidity, [...]

Home prices may be at their lowest in four decades and mortgage rates continue to hover around a low of 4.5 percent, but they are not enough to encourage an influx in home ownership. Experts say the core reason is buyers are not confident a house is a safe investment. “The magnitude of the housing [...]

Although the latest national survey from the Mortgage Bankers Association finds mortgage delinquency rates on the decline, there’s little else to celebrate. The report also finds that the mortgage delinquency rate is still higher than the norm and the number of houses in various stages of foreclosure returned to a record high. Furthermore, the Obama [...]

Borrowers will be seeing higher risk fees for home loans through Fannie Mae and Freddie Mac, including homebuyers with good credit. It’s the first time Fannie Mae and Freddie Mac have ever applied risk fees to borrowers with FICO scores of 740 or higher. Homebuyers can qualify for a fee waiver or a lower risk [...]

Due to current economic conditions, mortgage rates have hit an all-time low. If you’re looking to refinance, now may be the best time. Especially considering the Fed recently cut the Fed Funds rate target to 0%, which signals that we’ll almost certainly be facing some serious inflation in the near future as a result. And, [...]