Loans For People with Bad Credit » mortgage loans for people with bad credit

Homeowners’ Emergency Mortgage Assistance Program Back to Life

Credit Loan Advisor — Tue, 05 Feb 2013 14:22:56 +0000

Homeowners’ Emergency Mortgage Assistance Program Back to Life

Because of money from a lawsuit settlement, a state mortgage assistance program is being revived.

The Homeowners’ Emergency Mortgage Assistance Program is again offering help to struggling homeowners. It offers loans to those were not…

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Growing Number of Over-Indebtedness Households

Credit Loan Advisor — Sun, 03 Feb 2013 14:08:50 +0000

Growing Number of Over-Indebtedness Households

The start of the economic crisis in the year 2008 has lead to an increase in the number of households that are over-indebted on a constant basis.

While over-indebtedness is seldom brought about by a single factor,…

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Demand for Mortgage Loans Increases

Credit Loan Advisor — Tue, 08 Jan 2013 12:53:02 +0000

Demand for Mortgage Loans Increases

According to a survey conducted by the Federal Reserve this summer, approximately three out of five U.S. banks said that the demand for mortgage loans is increasing as the housing market becomes stable and mortgage rates decline…

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Analysis of Reverse Mortgages

Credit Loan Advisor — Mon, 07 Jan 2013 12:27:16 +0000

Analysis of Reverse Mortgages

According to Shirley Krohn, a member of the California Senior Legislature advocacy group, reverse mortgages are attracting a lot of people even when other types of loans are much better. As a result, the Consumer Financial Protection Bureau…

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Mortgage Rates are Now Increasing

Credit Loan Advisor — Sat, 05 Jan 2013 12:43:33 +0000

Mortgage Rates are Now Increasing

For a 30-year fixed mortgage, the average U.S. rate increased this week following the decreasing to its record lows in the last four weeks.

According to mortgage buyer Freddie Mac last Thursday, the rate on the 30-year…

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Increase in Mortgage Applications

Credit Loan Advisor — Sun, 30 Dec 2012 12:32:49 +0000

Increase in Mortgage Applications

Based on the information from Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, there was an increase in the mortgage application by 0.2 percent last week.

The Market Composite Index, which is a gauge of the number of mortgage…

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Fannie Mae and Freddie Mac Still Will Not Forgive Mortgage Loans

Credit Loan Advisor — Wed, 26 Dec 2012 16:01:34 +0000

Fannie Mae and Freddie Mac Still Will Not Forgive Mortgage Loans

On Tuesday, the regulator of Fannie Mae and Freddie Mac declared that they are planning not to forgive a part of the principal on delinquent mortgage loans they guarantee. In spite…

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Another Mortgage Help Center by Fannie Mae

Credit Loan Advisor — Tue, 25 Dec 2012 16:01:27 +0000

Another Mortgage Help Center by Fannie Mae

Because the housing market and mortgage financing industry is still suffering from stress, a satellite office that will provide assistance to homeowners wanting to avoid foreclosure has been opened by Fannie Mae.

The satellite office is…

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Mortgage Lenders Target Borrowers With High Equity and Deposit

Credit Loan Advisor — Thu, 20 Dec 2012 15:46:31 +0000

Mortgage Lenders Target Borrowers With High Equity and Deposit

Although banks are reducing the cost of mortgage rates, experts say that the majority of these are aimed at lower-risk borrowers who are capable of making a large down payment.

Last Tuesday, the…

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Decrease in Mortgage Lending

Credit Loan Advisor — Sat, 15 Dec 2012 15:30:13 +0000

Decrease in Mortgage Lending

For the month of June, repayments of housing loans exceeded new lending for the first time since the same period of the previous year. Consequently, there was an increase in total lending to individuals by £0.3bn, which is the…

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