News from Chicago Tribune:
Q: I’ve racked up $ 9,000 in debt on a $ 10,000 line of credit, but I can pay it off at any time.
I’m planning on moving this year and will need to finance my house purchase. I’m thinking that if I pay off the debt, the credit card company [...]
News from Washington Post:
How big a whack did your credit score take during the grim years of economic distress following the housing bust? Was it 20 points, 50 points, 100 points — or maybe no drop at all?
These are key questions affecting millions of potential home buyers who hope to qualify for mortgages as well [...]
News from MonitorBankRates.com:
Lender’s mortgage rates changed little today Sunday, October 30, 2011. Current mortgage rates on 30 year fixed mortgages are averaging 4.21%, up from yesterday’s average 30 year mortgage rate of 4.20%. Today’s mortgage rates on 15 year fixed mortgage loans declined to 3.45%, down from yesterday’s average 15 year mortgage rate of 3.47%.
Compare current mortgage rates from several lenders by using our mortgage rate tables here: Current Mortgage [...]
News from Toledo Blade:Home » Real EstateLoading…
Published: 10/18/2011
BY MARY ELLEN PODMOLIKCHICAGO TRIBUNE
CHICAGO — Consumers applying for a mortgage are going to start sharing more personal data with lenders next year, like it or not.
FICO scores, the industry standard for deciding credit risk in mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration, [...]
News from ABC News:
Starting today, lenders who deny a borrower credit or offer a higher-than-normal interest rate are required to show the borrower his credit score.
The new rule is part of an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act that passed exactly one year ago. Introduced by Sen. Mark Udall, D-Colo., [...]
News from ABC News:
Starting today, lenders who deny a borrower credit or offer a higher-than-normal interest rate are required to show the borrower his credit score.
The new rule is part of an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act that passed exactly one year ago. Introduced by Sen. Mark Udall, D-Colo., [...]
News from LoanSafe:
(LoanSafe.org) – Mortgage rates this morning continue to go down at the top lenders, with a sign of only one that increased.At Wells Fargo, 30-year fixed loans decreased under their home purchase program. 15-year fixed loans and 5-year ARMs decreased under their refinance program.
This morning at Chase 5-year ARMs decreased under their home [...]
News from LoanSafe:
(LoanSafe.org) – This week has started with many of the top lenders decreasing mortgage rates on may of their loan programs this morning.
Today at Well Fargo Home Mortgage, 15-year fixed loans decreased under their home purchase program and it appears that no loans changed rates under their refinance program.
Over at Chase Mortgage, 15-year [...]