Good & Bad Mortgage Lenders?

Answer Buying a house and getting approved for a mortgage loan is a major accomplishment. But too often, a home buyer chooses the wrong lender and gets stuck in a bad loan. Recognizing the signs of a bad ... Read More »

Top Q&A For: Good & Bad Mortgage Lenders

How to Talk to Mortgage Lenders?

Before you talk to mortgage lenders you should learn about your choices. In any time of economic distress it will be harder than usual to acquire a new mortgage or to refinance. Demand and boom and... Read More »

Who governs mortgage lenders?

The Office of the Comptroller of the Currency oversees national mortgage lenders. These include the major national banks such as Bank of America. The Federal Reserve System governs mortgage lenders... Read More »

When can lenders forclose on a mortgage?

Each lender has different guidelines that dictate when it will initiate foreclosure proceedings against a borrower. On average, a lender will begin foreclosure proceedings after three missed mortga... Read More »

Do Mortgage Lenders Have to Charge PMI?

PMI, or private mortgage insurance, is a type of insurance that mortgage lenders may require in order to guarantee a loan. While many lenders may claim that it is a requirement, it is not mandatory.