Mortgages Safer But Harder to Get Now that Senate and House negotiators have reached a compromise on new financial regulations, we know what will happen to the mortgage industry if the bill passes and how it will impact your ability to buy a house. Those freewheeling days of no-money-down, liar loans are dead. Instead you’ll […]
Mortgages: No-Doc Loans Are Back
Mortgages: No-Doc Loans Are Back Did you think the housing collapse killed off “liar loans”–those infamous bubble-era mortgages for which people were allowed to get creative in portraying their ability to make the payments? Well, they’re back, and that may be a good thing. In the height of the housing boom in 2006 and 2007, […]