2019’s Cities with the Most Overleveraged Mortgage Debtors

With mortgage rates slowly falling and the market friendlier to buyers than sellers, the free-credit-score website WalletHub today released its 2019 Home Overleverage Report. In order to determine where homeowners have the most unsustainable mortgage debts, WalletHub compared the median mortgage debt to the median income and median home value in more than 2,500 U.S. … More 2019’s Cities with the Most Overleveraged Mortgage Debtors

Fannie Mae Shares Options for People Impacted by Hurricane Harvey

Fannie Mae is reminding those in the Gulf Coast area impacted by Hurricane Harvey of the options available for mortgage assistance. Under Fannie Mae’s guidelines for single-family mortgages, servicers have the ability to grant an initial period of forbearance to any borrower they believe has been affected by this natural disaster. Additional forbearance is available … More Fannie Mae Shares Options for People Impacted by Hurricane Harvey

Spring Cleaning: Understanding Mortgage Fraud

Part of cleaning up your finances is learning how to protect  your interests. No one wants to be without a home. Mortgage fraud is a growing problem. The FBI reported over 63,000 total incidents of actual and suspected mortgage fraud in 2008. Early figures for 2009 show a rapid increase in suspicious activity as scam … More Spring Cleaning: Understanding Mortgage Fraud