Under new rules, there are now three main kinds of disclosure notices mortgage lenders send to home loan applicants. These are the: Credit Score Disclosure Notice Risk-Based Pricing Notice Adverse Action Notice…
Tag: home loans
Freddie Borrowers Refinancing Into Fixed Rate Mortgages
Nearly all Freddie Mac-backed mortgage borrowers who refinanced their loans in previous quarters have chosen to shift from adjustable-rate to fixed-rate mortgages or to remain users of fixed-rate loans. In the third…
Over 19 Million VA Home Loans Provided to Servicemembers
Since the start of the Home Loan Program of the U.S. Veterans Affairs Department in 1944, more than 19 million military personnel and veterans have acquired their homes under the program. Over…
Credit Unions Better Than Banks in Providing Quality Home Loans
Credit unions performed better than banks in the quality of home loans given to borrowers in the first three quarters of 2010, according to a study by compliance solution provider Quality Mortgage…
Why Zero Down Home Loans Are Again Being Offered
Analysts say that the huge number of home loans offered in previous years with no down or low down payments are to be blamed for the foreclosure crisis, as these loans attracted…
Cheaper Home Loans from Smaller Banks and Credit Unions
Home loans are now cheaper, as mortgage rates continue to fall. According to Freddie Mac, the 4.44-percent average rate for fixed-rate 30-year mortgages on August 12 was the lowest rate recorded by…
Delinquency Rate for Home Loans Slows Down
The drop in the national default rate for home loans in the second quarter is one sign that the housing sector is starting to stabilize. According to credit bureau TransUnion, which analyzes…
Third Quarter Outlook for Home Loans
As you’re looking for your dream home, it helps if you also look at the outlook by a group of mortgage professionals for home loans for the third quarter. No definite trend…
VA Loans – Among the Best Home Loans Available
Find out if you qualify for a VA loan because it’s among the best home loans available. VA loans are desired greatly because of the following: Zero down payment Because the VA…