Home Buyers May Face Delayed or Canceled Loans from Pre-Closing Credit Checks

July 25, 2013
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Source: The New York Times Home buyers may face an unexpected delay or cancellation of their loan if subsequent financial activity raises any red flags for lenders, especially since Fannie Mae now requires a borrower’s credit to be rechecked right before closing a mortgage. Borrowers are advised to keep their credit picture in the clear…

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Nation’s Top Mortgage Servicers Fail to Meet New Rules

July 25, 2013
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Five of the largest U.S. mortgage servicers are falling short when it comes to meeting the new rules of last year’s $25-billion national mortgage settlement. According to the settlement’s official monitor, Joseph A. Smith Jr., an investigation revealed insufficient compliance with updated mortgage servicing rules. A new report describes the results of 29 performance tests…

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Nearly 1 Million Houses Float Back Into Positive Equity

July 25, 2013
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Source: HousingWire Approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, according to the CoreLogic first quarter home equity report. Read the full story

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The Most Important Thing A Seller And Buyer Must Consider

July 25, 2013
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The Most Important Thing A Seller And Buyer Must Consider

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Incorrect, Outdated Information Most Common Issue On Credit Reports

July 25, 2013
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Source: Default Servicing News While 22 percent of American admitted they have never checked their credit report, nearly a quarter also said they have encountered issues with their credit report, with incorrect or outdated negative marks leading as the main type of problem, according to a recent FindLaw.com survey. Read the full story

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Top Ten Reasons to Buy a Home

July 25, 2013
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Top Ten Reasons to Buy a Home

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