Tag Archives: government national mortgage

Civil Rights Groups, Bankers Fight New Mortgage Lending Rules

Here is an unusual alliance — the NAACP and La Raza on the one hand joining forces with the bankers’ association to fight restrictive new mortgage lending rules. Banks want to be free to lend to whom they want at … Continue reading

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Why Don’t Banks Lower Rates On Existing Loans?

If lenders do not want borrowers to default, why don’t they lower rates? Why aren’t banks easy to talk to about modifying a mortgage? Because, most of the time, the bank no longer owns your loan. They’ve sold it. It’s … Continue reading

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Who Are The Main Players In U.S. Mortgages?

Julie Garton-Good writes in her book All About Mortgages: "The players in the triple challenge are (1) the primary lenders, (2) the secondary market, and (3) the private mortgage insurance market. The early years of mortgage lending found local lenders … Continue reading

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Mortgage Market Changes

There’s been a lot of change over the past decade. Nowadays about 70 of home buyers begin their search online. Lenders now decide on a credit by using complicated computer-generated models. They underwrite and process loans via desktop computers. There’s … Continue reading

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