Tag Archives: home mortgage disclosure act

Mortgage Lending Declines Sharply

Record low mortgage interest rates! You’d think that would lead to an expansion of mortgage lending. And you’d be wrong. Mortgage lending standards are high, jobs are few, economic growth is anemic, and the number of mortgages underwater keeps rising. … Continue reading

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Mortgage Lending Down In 2007

From DSNews.com: The Federal Reserve released its comprehensive report on banks’ 2007 lending practices last week, showing that overall mortgage lending dropped sharply. Deteriorating loan performance and widespread declines in home values led to a sharp contraction in the willingness … Continue reading

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Deepening Your Hole Through Refinance

From the Columbus Dispatch: The California-based mortgage company catered to the riskiest borrowers, even those with credit scores as low as 500. Homeowners struggling to pay their existing mortgages signed up for what they believed to be redemption: a new … Continue reading

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