DEAR BENNY: My dad is in his 70s, still working. Mom died a couple years ago and he’s left with a mortgage (remaining balance of $330K on a single-family home) on top of house maintenance, monthly costs and unpaid debts. ...Read More »
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New consumer protections taking effect in January are forcing mortgage lenders to change how they do business, but the head of the federal government's new consumer finance watchdog agency said Wednesday it'll give responsible lenders an advantage.
Tagged with: American Mortgage Conference Capital Bank Consumer Financial Protection Bureau consumer protection Dodd-Frank mortgage mortgage lender North Carolina Bankers Association Richard Cordray Rollie Tillman Thad WoodardRead More »
CHARLOTTE – The percentage of Charlotte-region homeowners carrying negative equity on the homes is decreasing more quickly than nationally, according to a report by CoreLogic, a residential property information services provider. At the end of the first quarter of 2013, ...Read More »
The hottest seasons for vacation home sales are spring and summer. You may now be planning such a purchase, but be aware of the challenge you may face when shopping for a mortgage loan. Many vacation-home buyers are finding tougher underwriting requirements and other obstacles when seeking a financing loan, tougher than loans to finance primary-residence homes.
Tagged with: mortgageRead More »