Articles
January 22, 2013
News for Homeowners Who Lost Their Home During the Recession
During the terrible housing recession, many homeowners lost their home for a variety of reasons. Even though this may have negatively impacted homeowners’ opinions on homeownership, the ability to qualify for another mortgage may not be as difficult as it once was….
January 16, 2013
Mortgage Forgiveness Debt Relief Act Extension
Underwater homeowners were given good news this week as Congress included an extension of the ‘Mortgage Forgiveness Debt Relief Act.’ This Act was scheduled to expire on December 31, 2012, but was extended in the American Taxpayer Relief Act until December 31,…
January 9, 2013
Rising Equity for Homeowners in 2013
As 2013 begins, one of the most encouraging facts in the mortgage business is that homeowner’s equity is growing! A homeowner’s equity is defined as the difference between the market value of the house and the amount of mortgage debt it is…
January 3, 2013
Expansion of Government Refinance Program
According to several sources, the US government is seriously looking into expanding its mortgage refinancing program that would now include borrowers whose mortgages aren’t backed by the government and who are liable to pay more than what their home is worth. Such…
December 27, 2012
Money Saving Tips for 2013
As 2013 begins next week, many of you will be making those annual New Year’s resolutions. Typically, keeping true to these resolutions is very difficult, especially when it comes to your basic finances. These “financial” resolutions, however, can definitely help you save…
December 19, 2012
New Mortgage Database
In a move to stay on top of the rapid changing world of technology, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have collectively agreed to produce a National Mortgage Database containing comprehensive mortgage loan information. “The…
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