Mortgage Loans Articles

Homeowner filing income taxes
Feb, 8, 2013
“Free tax returns for everyone!” “More money for you, guaranteed!” From January to April, consumers are inundated with advertisements promoting free and reduced cost tax preparation. But what if a scammer or an ill-trained preparer ruined your chances of getting your return back? Failing to properly file a tax return can lead to income tax fraud. Income tax fraud happens across the country each year. Return Preparer Fraud usually occurs when income tax returns are filed by preparers who claim inflated personal and business expenses, fake deductions and excessive exemptions on returns.
lioness roaring
Dec, 20, 2012
The Center for Responsible Lending has published a report on the state of lending in America and its impact on U.S. households. This publication is the first in a series that will show how lending practices have impacted American households.
Downward spiral
Dec, 13, 2012
2012 is coming to a close, and while most consumers are focusing on the holidays, the financial world continues on. The past year has brought record-breaking numbers for the mortgage industry, offering potential buyers the opportunity to purchase and own a new home at a low mortgage interest rate. But what does the future hold for the housing industry? For the year 2013, Freddie Mac predicts five things will occur:
homes made out of money
Dec, 5, 2012
Even though there has been a small amount of job recovery, people are still struggling to make payments on their homes. The days of massive foreclosures are behind us, but that doesn’t mean that everybody’s properties are safe and sound. Financial difficulties presently make the prospect of losing a home very real for many people. Fortunately, there are a few government programs that can help borrowers in need of assistance.
Flags at Veteran's Day parade
Nov, 12, 2012
On Sunday, Nov. 11, the Veteran’s Day Parade was held in New York City, amid a location devastated by Hurricane Sandy. President Obama thanked the large crowd for attending and supporting the countrymen and women who keep the United States free. And for the first time in 10 years, there was something worthwhile to celebrate. “This is the first Veterans Day in a decade in which there are no American troops fighting and dying in Iraq,” President Obama said during the parade. “After a decade of war, our heroes are coming home.”
Islamic woman with house key
Nov, 2, 2012
A new type of mortgage is gaining popularity in the United Kingdom and the United States. It is a way to combine capitalism with the ethics of religion: Islamic mortgages.  
House in Trap
Oct, 30, 2012
Last Wednesday, federal prosecutors in New York filed suit against Bank of America, seeking out $1 billion in damages for mortgage fraud. The suit covers the problematic loans sold to both Fannie Mae and Freddie Mac. This program, referred to as “the hustle,” was created by Countrywide Financial, which was bought by Bank of America. “The hustle” was created to get home loans approved by dropping several quality protections in order to expedite the approval process. It caused multitudes of homeowners to be approved for home loans that were beyond their abilities to repay.
American flag hanging in front of a home
Oct, 29, 2012
There are several types of government-insured mortgages which allow affordable access to homeownership. However, none is more beneficial and more deserving than the mortgages offered through the Department of Veteran Affairs’ Home Loan Guarantee Program. The Department of Veteran Affairs guarantees lenders that it will repay a home loan in the event that a borrower defaults. These mortgages are typically called VA loans and are accessible to veterans who have served their country—a modest compensation for the risk that military men and women face around the globe.
boomerang ready to throw
Oct, 19, 2012
A few years ago, foreclosures were epidemic. While they are still ongoing, property repossessions have certainly decreased. The very same former homeowners that were foreclosed upon are now back in force and ready to take out financing to purchase a new home. This just goes to show that despite the difficulties brought about by the housing bubble burst, there is always hope—provided a borrower can receive financing.
chess battle
Oct, 17, 2012
The ripples made in the global financial pond by the LIBOR scandal continue to spread. At long last they have begun to change into a legal battle between victims of the scandal and the banks guilty of causing the LIBOR manipulation in the first place. While mortgage loans articles have covered statewide and even national issues, they rarely cover a globally impacting problem such as the LIBOR scandal. This macro problem has very micro consequences, as it’s likely touched the lives of nearly every individual American.