Who says lenders need to charge you a cash down payment when you take out a mortgage in this era of hyper-strict underwriting?
With full-fledged sellers' markets under way in dozens of metropolitan areas around the country, new research has found curious statistical patterns emerging: Even in cities where listings get multiple offers within days or hours, significant numbers of homes are sitting on the market for si…
Using your home as an ATM no longer is a financial option, but the tools that allowed owners to pull out massive amounts of money during the boom years - equity credit lines and second mortgages - are making a comeback.
Got a beef with your mortgage company or loan servicer? Lots of people do, and thousands of them - including Tucsonans - have been turning to a federal complaint hotline for action, or at least a quick response from the lender.
WASHINGTON - If you buy or own an energy-efficient house, does this make you less likely to default on your mortgage? Is there a connection between the monthly savings on utility costs and the probability that you'll pay your loan on time?
Jeanette Ogle, a 92-year-old Arizona widow with a reverse mortgage on her house, got a huge birthday surprise last week: She did not lose her home at a scheduled foreclosure auction that had drawn scrutiny from federal and state agencies and consumer advocates.
WASHINGTON - Though the housing market is rebounding in many local markets, there is one important segment that is not: First-time buyers are missing in action and represent a smaller proportion of overall sales activity than their historical norm.
Could we be looking at an early spring this year - not in meteorological terms but real estate? Could the chilly December to February months, which traditionally see fewer buyers out shopping for houses compared with the warmer months that follow, be more active than usual? And if so, what d…
WASHINGTON - You've probably seen the reverse-mortgage pitchmen at work on your TV screen - former Sen. Fred Thompson and actors Robert Wagner and Henry "Fonzie" Winkler prominent among them - urging seniors to pull cash out of their homes through a loan program guaranteed by the federal gov…
WASHINGTON - In the congressional and White House negotiations on tax reform - including the mortgage interest and property tax deductions - who has the crucial political advantage of counting documented public opinion on their side?
WASHINGTON - Patrick Boris, a banquet chef in Las Vegas, is inching closer to his own "fiscal cliff," 2,100 miles away from the political brinksmanship under way on Capitol Hill.
WASHINGTON - You may have seen headlines last week about the Federal Housing Administration needing a taxpayer "bailout" by the Treasury and wondered: Uh oh. Is the FHA heading down the fiscal drain like Fannie Mae and Freddie Mac, which have required billions in federal assistance just to s…
WASHINGTON - With the House and Senate back on Capitol Hill for the lame-duck session, preliminary negotiations aimed at keeping the country from careening off the "fiscal cliff" began in earnest this week.
WASHINGTON - With 30-year mortgage rates hitting new lows and recent borrowers' payment performance the best by far in decades, you'd think that banks and other lenders might be loosening up on their hyper-strict underwriting standards.
WASHINGTON - With home prices rising in many markets around the country, might mortgage lenders start loosening up on their hyper-strict underwriting rules and extend loans to buyers who now find themselves on the sidelines?
WASHINGTON - It has been a controversial question in the home real estate market for years: Is there extra green when you buy green? Do houses with lots of energy-saving and sustainability features sell for more than houses without them? If so, by how much?