Law gives tenants in assisted housing more chances to improve their credit scores
With the passage of SB 1157, tenants in buildings receiving government assistance will have a new way to add to their credit histories.
Read Moreby Carrie B. Reyes | Nov 9, 2020 | New Laws, Property Management, Real Estate | 0
With the passage of SB 1157, tenants in buildings receiving government assistance will have a new way to add to their credit histories.
Read Moreby Carrie B. Reyes | Aug 6, 2018 | Finance | 0
The current credit score model is outdated and not changing anytime soon.
Read Moreby ft Editorial Staff | Jul 5, 2016 | Finance, Real Estate | 0
Use this video to demonstrate the myriad factors influencing buyers’ credit scores.
Read Moreby Jeffery Marino | May 5, 2014 | Feature Articles, Real Estate | 0
We serve up 5 mortgage market must-knows.
Read Moreby Matthew Taylor | Jul 10, 2013 | Mortgages, Real Estate | 0
Yet another federal home-loan recovery program enters the stimulus mix.
Read Moreby ft Editorial Staff | Jan 25, 2013 | Finance, Real Estate | 0
How to guide buyers when credit reports seem to disagree.
Read Moreby ft Editorial Staff | Oct 29, 2012 | Finance, Reader Polls, Real Estate | 0
Readers weigh in on topics affecting the California real estate industry.
Read Moreby Ed Gauronski | Oct 11, 2012 | FARM Letters, Real Estate | 0
Use this FREE first tuesday FARM letter copy in your marketing! Have a topic you’d like us to write about? Email editorial@firsttuesday.us and let us know! Q: How is my credit score determined? A: 35% is payment history, 30% is...
Read Moreby Sarah Cantino | Sep 28, 2012 | Finance, Reader Polls, Real Estate | 6
Fannie Mae and Freddie Mac (collectively Frannie) are requiring mortgage servicers to complete short sales under one uniform approval process, called the Standard Short Sale/HAFA II. Frannie expects this streamlined process will make short sales uniform, faster, easier and clearer.
Read Moreby ft Editorial Staff | Feb 6, 2012 | Feature Articles, Finance, Market Watch, Real Estate | 0
This article disputes the claim that Wall Street is a vital component of a thriving economy and argues the current mortgage lending environment actually stifles the upward mobility of the middle class.
Read Moreby Jeffery Marino | Feb 5, 2012 | Real Estate | 0
People will begin buying homes again if the federal government protects their down payment from risk of loss, according to University of California economist, James A. Wilcox. Wilcox claims that there is a vast nationwide demand...
Read Moreby ft Editorial Staff | Jan 1, 2012 | Finance, Real Estate | 4
Should BofA and other private banks and lenders consider renting an REO property back to the...
Read Moreby ft Editorial Staff | Jul 7, 2011 | Feature Articles, Finance, Real Estate | 7
This article reviews a newly-developed Fair Issac Company (FICO) analytics model which predicts a borrower’s likelihood to exercise a strategic default and revisits the financial advantages of a strategic default for a negative equity homeowner.
Read Moreby ft Editorial Staff | May 24, 2011 | Feature Articles, Finance, Real Estate | 5
This article examines the credit score impact of a short sale versus a foreclosure, and advises a strategic default as financially advantageous for California’s negative equity homeowners.
Read Moreby ft Editorial Staff | Dec 29, 2010 | Finance, Real Estate | 0
As of January 1, 2011, loan applicants will be informed of how their credit scores affect the mortgage rates offered from a lender. The new disclosure, to be given to borrowers before they enter into a loan, is the result of a...
Read Moreby ft Editorial Staff | Dec 21, 2010 | Real Estate | 0
Lenders eager to regain credit card business are issuing credit card offers to riskier borrowers with more frequency, but with lesser terms. In an effort to raise profits, many banks are classifying borrowers by other than just...
Read Moreby ft Editorial Staff | Dec 21, 2010 | Real Estate | 0
According to a survey by Lending Tree, 40% of homeowners obtained a single mortgage loan quote before buying their home and only 28% feel confident they got the best deal. Ninety-six percent said they compare prices when...
Read Moreby Jeffery Marino | Dec 16, 2010 | Loan Products, Real Estate | 1
In a delayed knee-jerk reaction to the mortgage meltdown and sub-prime lending crisis of 2008, lenders offering access to Federal Housing Administration (FHA) -insured loans are tightening their standards above and beyond those...
Read Moreby Jeffery Marino | Oct 4, 2010 | Feature Articles, Real Estate | 2
This article examines a recent report published by the FHFA comparing the risk characteristics and performance of government sponsored entity (GSE) loans vs. private-label mortgage-backed bond (MBB) loans in the financial crisis of late 2008.
Read Moreby ft Editorial Staff | Sep 20, 2010 | Real Estate | 5
The Federal Housing Administration (FHA) recently launched yet another foreclosure prevention program to address the plight of underwater homeowners, called a ‘FHA Short-Refi Program,’ the ‘short’ standing for a process also...
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