Homes for the future
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Stricter mortgage rules still slowing CMHC lending - Business - CBC News

Stricter mortgage rules still slowing CMHC lending - Business - CBC News | Homes for the future | Scoop.it
Stricter lending rules continue to slow underwriting activity at the CMHC and taxpayers' exposure to a housing crash, the federal housing agency's second-quarter report shows.
Rita Anne Hayes's insight:

The agency has been under pressure of late for what some mantioned as contributing to an overheated housing market by guaranteeing defaults and removing bank risks in issuing mortgages.So they have to be more tight in lending money to investors.

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Best FHA Home Loans Bronx | Power Express Mortgage Bankers

Best FHA Home Loans Bronx | Power Express Mortgage Bankers | Homes for the future | Scoop.it
Power Express Mortgage Bankers offers FHA home loans, mortgage financing and refinancing options. Call us today at 1-718-904-0004.
Rita Anne Hayes's insight:

A good shelter is one of the very important, so managing your future with a good mortgage company. Its a good investment for the future.

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JPMorgan Settles Mortgage Suit

JPMorgan Settles Mortgage Suit | Homes for the future | Scoop.it
(Reuters) - JPMorgan Chase & Co has agreed to pay $18.3 million to settle claims that documents for mortgages acquired by a unit of Bear Stearns Cos failed to disclose material information about interest rates.
Rita Anne Hayes's insight:

So lawsuit alleged the mortgage documents misleadingly failed to disclose that the loan's balance would increase if a borrower made the minimum monthly payment. That's why they were acquired to took place.

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