Archives for June 2010

President Obama's administration's foreclosure prevention efforts have been work in progress as we continue to deal with issues in the housing market. This past March, in reaction to the fact that on top of sinking home prices, unemployment issues have also hurt borrowers' ability to repay their mortgages, a mortgage assistance program for the unemployed was announced. That plan will go into Continue Reading

There have been some changes and upcoming changes regarding the re-pull of a credit report a few days before closing. Mortgage lenders are likely to begin ordering a second full credit screening immediately before closing. This report will be designed to find out whether the borrower has obtained, or even shopped for, new debt between the date of the loan application and the closing. The added Continue Reading