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Homeowners Use Tax Refunds as Lifeline
The foreclosure picture continues to improve in the U.S., according to the recently released Black Knight Financial Services Mortgage Monitor. An increase in cure activity, defined as a borrower paying their mortgage current from some stage of delinquency or...
Cheat Sheet: What Trump Can — and Can’t — Do to Dodd-Frank
The Trump administration was set to release an executive order Friday calling for a review of the Dodd-Frank Act, the clearest sign yet of the White House's intent to roll back the onslaught of regulations since the 2010 law was passed. But the immediate questions...
Mortgage rates are flat this week
Mortgage rates held steady this week, pausing ahead of the Federal Reserve meeting and Friday’s employment report. As expected, the central bank did not raise its benchmark rate when it met earlier this week. The news, however, came too late to influence Freddie Mac’s...
Why Single Women Are Buying Homes at Twice the Rate of Single Men
The news and research about women and money can be dreary. Women earn less than their male counterparts, pay harsher workplace penalties for pursuing parenthood, struggle more with debt, and save less for retirement. But there’s one area of personal finance where...
5 Reasons Rising Interest Rates Are Good
If a real estate buy is in your near future, rising interest rates are bad news. Or so you thought. Rising interest rates are not necessarily evil, however. This post explains how an increase in rates won't necessarily thwart your home-buying ambitions, and how...
Credit, debt dings don’t always doom mortgage applications
How tough is it to get approved for a mortgage? How low can your FICO credit score go before your lender shows you the door? And how much monthly debt can you be shouldering — credit cards, student loans, auto payments — but still walk away with the mortgage you're...
New U.S. Home Sales at 10-Month Low as Mortgage Rates Rise
Purchases of new U.S. homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers. Single-family house sales dropped 10.4 percent, the most in almost two years, to a 536,000 annualized pace, Commerce...
Pence, Hensarling: Dismantling Dodd-Frank remains a high priority
It’s been a busy first week in office for President Donald Trump, with executive orders on immigration, energy, trade, health care, and more being handed down daily. But executive orders are just the preamble to the big initiatives that Trump and the Republican...
First-Time Home-buyers Are Ready to Test the Housing Market. Can They Find a Home?
First-time home-buyers are finally ready to jump into the market. They’ve met tougher mortgage qualifying standards in recent years, they’ve saved up for down payments, they’ve done their homework and know what they can afford. But can they actually find a home? The...
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