Since Congress has taken off on its annual summer recess, you might assume that nothing is happening on Capitol Hill that could affect the taxes you pay on your home. Quite the reverse.
It's called "upselling" - steering home mortgage applicants into higher-cost terms that increase the lender's profits - and it was rampant during the housing boom years.
Do 75 million homeowners need their own advocate before Congress and federal agencies on issues such as the mortgage interest tax deduction, retention of low down payment loans and the start of tougher financing rules next January?
WASHINGTON - Call it the estate-devouring, nightmare home loan you hope to never encounter:
It's a crucial question for many first-time and moderate-income buyers in rebounding markets across the country: Where do we find the lowest down payment, lowest monthly cost loans? The answers are changing.
You've probably seen some of the reports during the past week about home sales and prices. Housing is hot.
They're not yet an endangered species, but their steadily diminishing presence has some real estate analysts worried: First-time buyers are missing in action in housing markets across the country.
You can call it Big Brother. You can call it high-tech snooping. But be aware: If you are applying for a mortgage in the coming weeks, you can be sure that your credit will be checked and re-checked - possibly monitored daily - to make certain no hints of new debts pop up before you close on…
The refinancing boom may be cooling down, but the move to shorter mortgages - especially 10-year loans among pre-retirees - appears to be accelerating.
Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the home loan business, you may be able to use imputed income fro…
Who says lenders need to charge you a cash down payment when you take out a mortgage in this era of hyper-strict underwriting?
Using your home as an ATM no longer is a financial option, but the tools that allowed owners to pull out massive amounts of money during the boom years - equity credit lines and second mortgages - are making a comeback.
WASHINGTON - You've probably seen the reverse-mortgage pitchmen at work on your TV screen - former Sen. Fred Thompson and actors Robert Wagner and Henry "Fonzie" Winkler prominent among them - urging seniors to pull cash out of their homes through a loan program guaranteed by the federal gov…
WASHINGTON - It has been a controversial question in the home real estate market for years: Is there extra green when you buy green? Do houses with lots of energy-saving and sustainability features sell for more than houses without them? If so, by how much?