Help hard to get for troubled US home owners
As the US housing crisis deepens, major lenders say they will help borrowers avoid foreclosure, but nonprofit groups and others say their actions are not living up to their promises.
Archive for the 'Home Loans' Category
Countrywide expands scope of mortgage help
Countrywide Financial says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.
The Mortgage Fallout Spreads
Borrowers with good credit are now facing financial difficulties as fallout from the mortgage crisis spreads. [video]
Even low-risk borrowers facing credit distress
Wendy Lester is caught in the issue that’s worrying lenders, upsetting the credit markets and roiling Wall Street. It’s the credit problem, spreading now from the riskiest borrowers to good ones.
Make your credit history work for you
Your credit score is more important than how much you earn, or how much money you have in your savings account.
Financial-counseling requirement in certain areas amounts to redlining
A new state law requiring some Chicago home buyers to receive financial counseling in order to get a mortgage is under fire from critics who say the rules are pushing lenders out of inner-city areas.
Bad Credit? Buy A Home
Don’t let lack of cash - or bad credit - stop you from buying a house. Here’s how to go about it.