Forbearance or Foreclosure? How to Keep Your Credit and Homeownership Intact

Loans

Forbearance or Foreclosure? How to Keep Your Credit and Homeownership Intact

Forbearance or Foreclosure? How to Keep Your Credit and Homeownership Intact

The following is a guest post by Eric Lindeen, of Anna Buys Houses. The second quarter of 2020 marked the highest U.S. mortgage delinquency rate (reported as 60-days past due) since 1979. Amidst the chaos of the pandemic, federal and state governments have made efforts to protect against the financial strain U.S. consumers are enduring—including... Read More

9 Things to Do When Faced with Foreclosure

Mortgages

9 Things to Do When Faced with Foreclosure

9 Things to Do When Faced with Foreclosure

For most of us, foreclosure seems like an abstraction –– like the Boogie Man, or Tooth Fairy.  And yet, foreclosure is a reality that many American families deal with every single day. With a rapidly changing economy and the uncertainty of guaranteed employment or good health, foreclosure can creep up on you at the most... Read More

Can Your Spouse’s Credit Score Kill Your Mortgage?

Mortgages

Can Your Spouse’s Credit Score Kill Your Mortgage?

Can Your Spouse’s Credit Score Kill Your Mortgage?

Save for maybe the diehard financial romantics, it’s a rare wedding where “credit scores” share billing with sickness and health. But it might be time to update those well-worn marriage vows. From that moment forward, your spouse’s credit profile will play a big role in your collective financial future. That’s especially true when the time... Read More

CFPB Says Flagstar Bank Stonewalled Troubled Homeowners

Uncategorized

CFPB Says Flagstar Bank Stonewalled Troubled Homeowners

CFPB Says Flagstar Bank Stonewalled Troubled Homeowners

At-risk homeowners trying save their homes from foreclosure during the mortgage meltdown complained for years that banks were systematically stonewalling them. On Monday, federal regulators accused a financial institution of doing just that, alleging that Michigan-based Flagstar Bank intentionally frustrated homeowners and pushed some into foreclosure. The Consumer Financial Protection Bureau said Flagstar “failed …at... Read More

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