You find the home of your dreams. You're pre-approved for a mortgage. You've scheduled the closing. Then ... the appraisal comes in too low and the deal blows up.
Published News
Low-ball appraisal: Mortgage denied
Posted by mortgage 55 days ago (Editorial)How the National Mortgage Settlement Will Impact Communities of Color
Posted by mortgage 51 days ago (Editorial)
OAKLAND, Calif. -- The Insight Center for Community and Economic Development's Closing the Racial Wealth Gap Initiative will host a webinar on Wednesday, April 4, 2012 on how the national mortgage settlement ...
SEC probes Goldman over mortgage securities sale
Posted by mortgage 50 days ago (Editorial)
Securities regulators may hit the investment bank with a new lawsuit tied to the company's sale of mortgage-backed securities
US Mortgage Applications Picked Up Last Week
Posted by mortgage 50 days ago (Editorial)
Applications for U.S. home mortgages gained last week after seven straight weeks of declines, helped by a jump in purchase demand as interest rates retreated, an industry group said on Wednesday.
Al Lewis: Mortgage broker fights lender folly
Posted by mortgage 47 days ago (Editorial)
A Florida mortgage broker is fighting to get banks to change their policies that require homeowners to default before they?ll allow a short sale, Al Lewis reports.
Is IPO for Ally Financial Really Seen as "Unlikely" by Treasury?
Posted by mortgage 44 days ago (Editorial)
Over the past several weeks I have been hearing a variety of comments about the littlest of the zombie dance queens, namely Ally Financial.
Mortgage Lender Wooing Laid-Off Yahoo Worker To Detroit
Posted by mortgage 44 days ago (Editorial)
A financial company that is betting on a Detroit turnaround is trying to lure laid-off Yahoo workers to Michigan.
Lenders Returning to the Lucrative Subprime Market
Posted by mortgage 43 days ago (Editorial)
With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers.
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