Tag Archives: lenders

Lenders Start to Loosen Up on Home Loans

By Easton L Lawrence According to new data obtain by LendingTree, lenders start to entertain home shoppers who are lacking the big down payments as the housing market improves. In the first quarter of this year, 19 percent of conventional loan offers made by lenders on the online LendingTree exchange were for loans with downpayments between 5 percent [...]

Leave a comment Continue Reading →

Deadline Extended For Foreclosed Homeowners

  By Easton L Ex-owners harmed by an incorrectly done foreclosure could be paid $500 to $125,000 – but few have applied for the money. Homeowners who feel they’ve been wrongly foreclosed on by their lender now have until Sept. 30, 2012, to request a free review of their case. Originally, the Federal Reserve Bank [...]

Leave a comment Continue Reading →

More homeowners in foreclosure allow to stay put

By Wonda J More lenders are allowing homeowners in default to stay-put in their homes longer – and even negotiating special arrangements with them, such as the lender paying the home insurance if the homeowner pays the utility costs. Why the postponement? Banks don’t want the cost of maintaining more homes on their books. Many [...]

Leave a comment Continue Reading →

Lenders start to accept Short Sales over Foreclosure option

By Wonda J According to a recent report, Lenders are more willing and open to short sales as a way to help struggling homeowners avoid foreclosure. “Foreclosure sales are pretty devastating,” says Faith Schwartz, executive director of Hope Now, a resource for cash-strapped homeowners. “We’d much prefer a (loan) modification, but if (homeowners) don’t quality, [...]

1 Comment Continue Reading →