Articles filed under Mortgages
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Smart mortgage shoppers understand mortgage pricingAug 24, 2013 12:00 am - Mortgage pricing is a complicated process, which allows loan officers who understand it to get the better of borrowers who don't. The first step for any borrower looking...
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Prepare to rescind your mortgage refinance before you closeAug 17, 2013 12:02 am - Rescinding a contractual agreement is unusual. A major purpose of contracts is to define the rights and obligations of each party, and if provision is made for a resciss...
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Why it’s tough to refinance with your current lenderAug 03, 2013 12:16 am - A small group of borrowers might profit from refinancing with their current lenders — the firm to which they remit their monthly payment. Most borrowers, however, will d...
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Ex-trader 'Fabulous Fab' found liable in SEC caseAug 01, 2013 4:00 pm - NEW YORK — A former Goldman Sachs trader who earned the nickname “Fabulous Fab” was found liable Thursday in a fraud case brought by federal regulators in response to th...
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Can government help mortgage borrowers make better decisions?Jul 26, 2013 12:27 pm - A large mass of Federal legislation and regulation, with the Truth in Lending law as the centerpiece, is based on the premise that markets don’t work well if one group o...
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Mortgage are underappreciated, and often misunderstoodJul 20, 2013 12:29 am - The standard mortgage contract in the U.S. today calls for full repayment of the balance over the term with equal monthly payments of principal and interest. For example...
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Mortgage professor: Calculator can help you decide on affordabilityJul 13, 2013 1:58 am - The house purchase season is now in full swing, and many wannabe purchasers are wondering whether or not they can afford the price quoted on the house they would like to...
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Using a reverse mortgage to avoid impoverishment: first of twoJun 28, 2013 10:53 am - Retirement has become a frightening prospect for millions of Americans who haven’t made adequate financial preparation for it, yet face the likelihood of living much lon...
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When banks compete, you win – except when you lose!Jun 22, 2013 12:54 am - Competition is generally viewed as a good thing, in the U.S. at least. Hence, advertisements that create an image of powerful banks having to compete among themselves fo...
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Fannie shares seen as worthless despite surgeJun 09, 2013 7:07 am - Fannie Mae and Freddie Mac shares surged to five-year highs last week, giving them a combined market value of $48 billion, about the same as BlackRock Inc., the world’s ...