Mortgage lenders have become far more picky about who they will lend to. We round-up the common reasons for borrowers being turned down View full post on All Stories
Posts Tagged ‘mortgage’
Six reasons mortgage lenders turn you down
March 31st, 2011 
admin US banks in ‘cash for keys’ foreclosure talks
March 25th, 2011 admin The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis View full post on All Stories
Posted in News 
Tags: Banks, cash, delinquent borrowers, foreclosure, keys', meeting, mortgage, mortgage servicers, part, Regulators, settlement, talks, US, week 
Comments Off09-1611 U.S. v. Fuchs
March 21st, 2011 admin Sentencing Position of trust enhancement Where a mortgage broker only defrauded lenders, not borrowers, the sentencing court should not have enhanced the sentence under U.S.S.G. 3B1.3 for abusing a position of trust. “During the sentencing proceeding, the government did not establish that the lenders in this case had a relationship of trust with Fuchs in [...]
Posted in News Tags: 091611, borrowers, enhancement, Fuchs, lenders, mortgage, mortgage broker, Position, sentencing, trust, U.S., U.S.S.G Comments OffSettlement would offer significant new protections for homeowners
March 20th, 2011 admin By Kenneth R. Harney, Special to the Times Thursday, March 17, 2011 Settlement would offer significant new protections for homeowners WASHINGTON — When you take out a home mortgage, do you expect to be treated fairly and competently by your bank or loan servicer? Most likely you do. But the widely publicized “robo-signing” and foreclosure [...]
Posted in News Tags: congressional hearings, dual track, fair dealing, foreclosure, Homeowners, Kenneth R. Harney, loan, mortgage, offer, payment histories, protections, settlement, significant, Thursday, Times, track 13, Washington, Would Comments OffBorrowers revive mortgage debt risk
March 18th, 2011 admin UK borrowers are ramping up their mortgage debt to levels not seen since the financial crisis, the chairman of the Financial Services Authority has warned View full post on All Stories
Posted in News Tags: borrowers, chairman, Crisis, debt, Financial, financial crisis, financial services authority, mortgage, mortgage debt, revive, risk, UK Comments OffRECKLESS AND RUTHLESS: Files show how aggressive lenders peddled mortgages borrowers couldn’t afford and pursued them when they failed to meet payments
March 6th, 2011 admin Aggressive mortgage lending to high-risk borrowers by a British subsidiary of defunct US investment bank Lehman Brothers at the height of the property boom has been fully revealed for the first time in files obtained by Financial Mail. View full post on All Stories
Posted in News Tags: afford, aggressive, borrowers, british subsidiary, couldn't, failed, Files, financial mail, investment, investment bank, lehman brothers, lenders, lending, Meet, mortgage, mortgages, payments, peddled, property boom, pursued, RECKLESS, RUTHLESS, show, subsidiary, them, They, US Comments OffWithout Loan Giants, 30-Year Mortgage May Fade Away
March 4th, 2011 admin If Fannie Mae and Freddie Mac shut down, interest rates would rise for most borrowers, but urban and rural residents could see sharper increases than customers in the suburbs. View full post on All Stories
Posted in News Tags: 30Year, Away, borrowers, Fade, Fannie, fannie mae, fannie mae and freddie mac, Freddie, freddie mac, Giants, interest, interest rates, loan, Mac, Mae, mortgage, Without Comments OffLloyds agrees to pay £500m mortgage refunds
February 22nd, 2011 admin Bank prepares to hand out up to £500m in refunds to hundreds of thousands of customers, after admitting the borrowers may have thought they were paying a lower irate than they actually were View full post on All Stories
Mortgage mayhem generates work
February 21st, 2011 admin To understand why Wayne Streibich’s law practice defending mortgage lenders against claims by delinquent borrowers is taking off, imagine for a moment what happens when parents are away on … View full post on All Stories
Posted in News Tags: delinquent borrowers, generates, law, mayhem, moment, mortgage, mortgage lenders, parents, practice, View, Wayne Streibich, work Comments OffDealing with mortgage company’s calls during payment grace period
February 14th, 2011 admin Borrowers who pay after due dates but before late fees are charged may still have to put up with a mortgage servicer’s calls. Also, closing too many accounts at one time could cause credit scores to plummet. Dear Liz: Our mortgage is due on the first day of each month. A late fee is due [...]
Posted in News Tags: calls, company, company's, Dealing, dear liz, debt crisis, during, grace, grace period, Liz, mortgage, mortgage company, mortgage servicer, payment, period, servicer, time Comments Off
