Tag Archives: Borrowers

Mortgage bailout not over, FHA to draw $1.7 billion

The negatives, however, are that the FHA is making far fewer loans today due to tighter underwriting and higher fees. That means it is making less money, even though its newer loans are performing extremely well. The estimates for the … Continue reading

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Mortgage alert: Borrowers change how they cheat

The good news: Fewer borrowers are lying on their mortgage applications. The bad news: The remaining cheaters may be pulling a more dangerous scam. Instead of inflating their home prices, they are now inflating their incomes and assets, according to … Continue reading

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Can the mortgage market crash again?

In fact, the final rules are not as strict as originally proposed. With the housing recovery still in its infancy and facing rising interest rates, regulators were concerned about tightening an already tight lending environment. So could we have another … Continue reading

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Home values rise, but millions still drown in debt

More than three million U.S. borrowers have risen above water on their mortgages so far this year, thanks to swift home price appreciation, according to a new report from online real estate company Zillow. The negative home equity rate fell … Continue reading

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Private mortgage insurers back in black post-crash

There are now six private mortgage insurers, which together wrote nearly $49 billion in new business in the second quarter, up 27 percent from the first quarter, according to data from Inside Mortgage Finance. Of the publicly traded insurers, MGIC, … Continue reading

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