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New Mortgage Rule Aims to Stop Avoidable Foreclosures

New Mortgage Rule Aims to Stop Avoidable Foreclosures

by Third Party | Sep 20, 2021 | Industry Updates, Mortgage Information, News/Current Events

Source: Investopedia —  The Consumer Financial Protection Bureau (CFPB) has announced a new rule to help prevent foreclosures in situations where they can be avoided. The new rule, which went into effect on Aug. 31, requires that most mortgage servicers help...
FHFA Reverses Previous Housing Market Reform Progress

FHFA Reverses Previous Housing Market Reform Progress

by Third Party | Sep 19, 2021 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: American Action Forum —  Executive Summary The Federal Housing Finance Agency (FHFA) has suspended restrictions from earlier this year that prevented the government-sponsored enterprises (GSEs) from purchasing “high-risk” mortgages; it also announced a...
Should you call out real estate agent who put their best interest above yours?

Should you call out real estate agent who put their best interest above yours?

by Third Party | Sep 15, 2021 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Washington Post —  Q: We recently sold our deceased mother’s home in Columbus, Ohio. The house needed quite a bit of work, was structurally sound, and was in a very desirable neighborhood. My siblings and I selected an agent after a couple of interviews,...
Should you pay off your mortgage or invest the money?

Should you pay off your mortgage or invest the money?

by Third Party | Sep 10, 2021 | Mortgage Information, News/Current Events

Source: Fox Business —  If you feel weighed down by your mortgage, you might be anxious to pay it off as soon as possible. So when you find yourself with a little extra money in your budget, you may consider putting it toward your mortgage.  Paying extra on your...
CFPB releases new mortgage servicing rule: What it means for homeowners

CFPB releases new mortgage servicing rule: What it means for homeowners

by Third Party | Sep 10, 2021 | Mortgage Information, News/Current Events

Source: Fox Business —  As foreclosure moratoriums come to an end, the Consumer Financial Protection Bureau (CFPB) released a new mortgage servicing rule that took effect Aug. 31 to help prevent foreclosures for borrowers facing delinquency. The rule will...
Fannie Mae to include rent payments in mortgage applicants’ credit history review

Fannie Mae to include rent payments in mortgage applicants’ credit history review

by Third Party | Sep 10, 2021 | Mortgage Information, News/Current Events

Source: Washington Post —  A good credit score is an essential part of making the transition from renter to homeowner, but establishing a solid credit report can feel out of reach for some consumers. Many prefer not to use credit cards or loans and therefore...
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