Consumers beware, foreclosure fraud is rampant in today’s post financial meltdown era. Unquestionably, the worst of the carnage left after the financial meltdown has been the millions of foreclosures that continue to plague the housing market. Although the number of foreclosures has dipped back under 1 million in 2011, it is expected to increase again in 2012, after a lull in processing caused by the “robo-signing” foreclosure fraud scandal at the hands of some of the major banks.
Continue Reading →Many consumers choose their banks out of convenience, including the ability to have one stop access to all of their banking needs. While the big banks have always had the edge over their smaller competition, it may surprise you to know that the whole industry is reaching some level of parity. Last week we provided [...]
Continue Reading →The strategic default: deadbeats or financial geniuses? The good news in the housing market is that, according to the Mortgage Bankers Association, the delinquency rate for mortgage loans has fallen to 7.99 percent down. That is nearly a half a point from the prior quarter and over a point from the prior year. The bad news [...]
Continue Reading →Unfortunately, the prospect of a foreclosure has become all too real for tens of thousands of people. And, the fact that there are still thousands of pending foreclosures is a partial cause of depressed home prices which threatens even more people when their homes become upside down in their mortgages. Avoiding foreclosure may not be easy in some circumstances, however in most cases it can be done if you take the right steps.
Continue Reading →Mortgage Lender Pushing You? You Don’t Have To Rush The spring and summer months in the United States are the hottest months for house sales. People want to move when the kids are out of school and the weather is good. If you have considered moving or perhaps buying your first home, realize that you [...]
Continue Reading →Lenders Bring Back Sweet Offers After the new federal regulations went into place in 2010 and the economy tanked, many credit card lenders took new steps to improve profit margins within the industry. To do so, lenders focused specifically on offering less benefits and bonuses to consumers. It makes sense. If you are losing money, [...]
Continue Reading →When will the nation’s property values begin to appreciate again? This is the $64,000 question that real estate professionals, investors, and mortgage professionals would like to know. The truth is nobody can accurately predict the return of the real estate market. Like everyone else, I can’t predict the end of this crisis either, but what [...]
Continue Reading →What really caused the mortgage crisis? If you listen to the analyst on TV or the politicians, who can barely spell “mortgage”, it would appear that it’s the small lenders and brokers who are to blame. After all, they are the ones who put the consumers in this bad predicament, right? Take a minute or two on this article, you may be surprised.
Continue Reading →Mortgage brokers can save people money and get them approved when the larger banks can’t. Most people only see the mortgage brokers that get arrested on the TV or in the newspaper. Did you know that 99% of all brokers are fair and honest and can give you better service than the larger banks can?
Continue Reading →Can mortgage fraud happen to you? Absolutely, in today’s tightened market small companies and brokers are scrambling to scratch out a living. Unfortunately, this has forced some of the less reputable mortgage companies to the top. Here are 3 ways to make sure your not a mortgage fraud victim.
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