Years ago, a 20% down payment was a requirement for obtaining a mortgage loan. Putting that much money down made it less likely that borrowers would simply default on their home loans and gave lenders a measure of security and collateral in the case of fo
Jun 07, 2018 | First-time Homebuyers
By Mike Vila on April 15, 2013 After an early morning sell-off, mortgages rallied in the afternoon and ended yesterday more or less unchanged. This morning mortgages are flat, and given the lack of scheduled economic releases, I don’t anticipa
Apr 15, 2013 | Mortgage Rates
By Mike Vila on April 9, 2013 Approximately 4 million borrowers will share $3.6 billion in cash as part of a settlement between federal regulators and banks accused of foreclosure-processing mistakes. Most borrowers will receive checks
Apr 09, 2013 | Foreclosures