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Housing Lending

Housing Lending


Discrimination in mortgage lending is prohibited by the federal Fair Housing Act and HUD s Office of Fair Housing and Equal Opportunity actively enforces those provisions of the law. The Fair Housing Act makes it unlawful to engage in the following practices based on race, color, national origin, religion, sex, familial status or handicap (disability): Refuse to make a mortgage…


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Government programs to help Buy a Home

Government programs to help Buy a Home


Credit missteps diminish your credit and your options for financing a home purchase, but there are programs available through the government to help you buy a home if your credit isn t good. Government backing allows private lenders to finance riskier borrowers because the government promises to cover lenders losses if borrowers default. To obtain such financing, you must…


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10 Yr fixed mortgage Rates Today

10 Yr fixed mortgage Rates Today


Evgeny Atamanenko/Shutterstock.com Several key refinance rates climbed today. Nationwide averages on 30-year fixed and 15-year fixed refinances both trended upward. The average rate on 10-year fixed refis, meanwhile, also advanced. Rates for refinancing are in a constant state of flux, but they remain much lower overall than they were before the Great Recession. If you re in…


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USAA VA mortgage Refinance

USAA VA mortgage Refinance


VA IL The VA IL is a refinance mortgage loan available to homeowners with existing VA mortgages. The program, which is commonly known as the VA Streamline Refinance, simplifies home refinancing by waiving the documentation typically required by a bank, including income and employment verification, bank account and credit score verification, and an appraisal of the home. This…


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About Mortgages

About Mortgages


The Consumer Financial Protection Bureau released its monthly complaints report Tuesday, which focuses on consumer grievances about various financial products. This month s spotlight was on mortgages, and the CFPB says more than a quarter of borrowers (27%) complain about them, which makes home loans the financial products that are complained about the most. Despite strong…


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Government Housing loans bad credit

Government Housing loans bad credit


Because of changes in legislation, lending requirements and related issues, FHA regulations and underwriting requirements are subject to change from time to time. Some of the changes come as part of new laws that close legal loopholes, improve the fairness of the FHA mortgage loan process, or modernize the FHA loan program. Other alterations are made in response to current…


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Process of mortgage loan

Process of mortgage loan


Please note: Slight discrepancies in this process may occur as lenders may designate responsibilities differently among loan processors and underwriters. In Part Four, your mortgage application will pass from the hands of the loan processor to the desk of the underwriter. In the mortgage underwriting process, an underwriter will make sure your financial profile matches your…


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30 Yr fixed Jumbo mortgage Rates

30 Yr fixed Jumbo mortgage Rates


Fannie Mae and Freddie Mac set jumbo mortgage loan purchase limits. Most every home buyer in this country uses a mortgage loan to purchase a home. In general, a mortgage falls into two broad categories known as conforming and non-conforming,or jumbo, mortgages. Jumbo mortgages are non-conforming because they exceed established lending limits. Two government-sponsored enterprises…


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Best 30 Yr fixed mortgage Rates

Best 30 Yr fixed mortgage Rates


Multiple benchmark mortgage rates trended upward today. The average rates on 30-year fixed and 15-year fixed mortgages both floated higher. Meanwhile, the average rate on 5/1 ARMs also advanced. Rates for mortgages change daily, but they continue to represent a bargain compared to rates before the Great Recession. If you re in the market for a mortgage, it may make sense to…


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Latest Posts
Housing Lending
Housing Lending
Discrimination in mortgage lending is…
Government programs to help Buy a Home
Government programs…
Credit missteps diminish your credit…
10 Yr fixed mortgage Rates Today
10 Yr fixed mortgage…
Evgeny Atamanenko/Shutterstock.com Several…
USAA VA mortgage Refinance
USAA VA mortgage…
VA IL The VA IL is a refinance mortgage…
About Mortgages
About Mortgages
The Consumer Financial Protection Bureau…
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