Mortgage debt is good debt. But in the arcane world of credit scoring, even the process of applying for a mortgage can raise red flags on an applicant’s credit report and lower scores. Careful time management, say financial advisers, can help borrowers avoid taking a...
For most prospective investors or residential buyers, the route to a mortgage loan typically begins with a bank or credit union – the tried and true way to finance a property purchase. But as the loan process becomes more complex and buyers with iffy credit remain...
After the housing crash of a few years ago exposed the shifty underbelly of lending practices at the nation’s major banks, those institutions have been – albeit reluctantly – cleaning up their act with greater accountability and tighter lending standards aimed at...
The comedy of errors continues as payouts trickle out to victims of wrongful foreclosures in the robosigning settlement case. A month after the first wave of checks began bouncing at banks around the country, another group of recipients are being told that they’ll get...
Just when it seemed the dust was settling in the various lawsuits and settlements resulting from charges of mortgage and securities fraud leveled at the nation’s biggest bank, new reports reveal that Bank of America is once again in trouble. This time the financial...
