Loan.com: Mortgage Mentor Blog

Mortgage Foreclosures Begin a New Cycle

Alden Smith — Sat, 04 Jul 2009 15:01:46 +0000

With the nightly news screaming headlines each night about the number of jobs lost, it is little wonder that we see another large wave of foreclosures looming on the horizon. With 467,000 jobs lost...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Citigroup Hikes Up Rates Before New Rules Begin

Amber Nelson — Wed, 01 Jul 2009 21:22:14 +0000

In a recent statement, Citigroup Inc announced that, “We have adjusted pricing and card terms for some customers as part of our regular account reviews. These changes also reflect the dramatically...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

HUD Requests a $798 Million Credit Subsidy

Alden Smith — Mon, 29 Jun 2009 23:53:44 +0000

Recently, the Department of Housing and Urban Development (HUD) released its 2010 budget. In their budget, they asked for a $798 million credit subsidy for the reverse mortgage program that is...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Bad News For Lenders of Student Loans

Alden Smith — Fri, 26 Jun 2009 22:17:50 +0000

With the ever soaring cost of higher education, student loans have been an almost indispensable tool when trying to put the kiddies through college. Tuition has reached a level of $50,000 a year in...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Weak Small Business Rescue Plan Unlikely to Deliver Relief

Amber Nelson — Thu, 25 Jun 2009 04:17:15 +0000

Where is the government’s promised help for small businesses, some of the hardest hit entities of this economic downturn? According to the Small Business Administration, the newly created “America’s...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Fannie & Freddie Tighten Lending Standards

Alden Smith — Mon, 22 Jun 2009 23:30:42 +0000

According to the Wall Street Journal, Fannie Mae, in efforts to provide some stability in the mortgage market, have said that they will no longer guarantee mortgages on condominiums that are in...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Sallie Mae In Financial Trouble

Alden Smith — Fri, 19 Jun 2009 22:15:36 +0000

Sallie Mae, formerly known as SLM Corp., makes student loans. Recent news from Forbes indicates that the Obama administration unveiled on Thursday a new budget proposal that would make the...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Obama Unveils Plans for More Lending Regulation

Amber Nelson — Thu, 18 Jun 2009 06:32:07 +0000

In order to make sure all financial industries are behaving well, President Obama announced plans today for a new regulatory commission – the Consumer Financial Protection Agency or CFPA. This body...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

Mortgage Rates Once Again On The Rise

Alden Smith — Tue, 16 Jun 2009 00:53:02 +0000

A recent article in Newsweek tells us that it’s a known fact that the Federal Reserve has been working to keep a mortgage rates down. They have been buying treasury debt in an effort to keep...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.

A Look At Alt-A and Pay Option ARM’s

Alden Smith — Sat, 13 Jun 2009 00:18:10 +0000

If there is one thing I learned, it is that you cannot make any assumption without the proper data. One of my favorite websites is Doctor Housing Bubble.com. His data is so good that I follow him...

Mortgage Mentor is Loan.com's multi-contributor blog bringing consumers mortgage news and mortgage trends.