Real Estate, Mortgages and Homeowner Resources

Although many homeowners make payments to mega-banks like CitiGroup, Bank of America, Wells Fargo and others, a lot of them may realize that the big bank is simply acting as a mortgage servicer for one of the big quasi-Federal mortgage lenders like Fannie Mae or Freddie Mac. The big banks, as you might expect, line [...]

New mortgage standards currently being hammered out by the Consumer Financial Protection Bureau will attempt to reduce the risk of mortgages being given to consumers who do not have the ability to pay them back. The foreclosure crisis we have been experiencing for the last few years is blamed partly on mortgages approved for borrowers [...]