Home buyers and refinancers applying for a mortgage are being caught off guard in what all lenders are asking for when approving a loan.
The Wall Street Journal reports an incident where a borrower was even asked for a copy of her divorce decree — from two years ago — and asked to explain a deposit of about $200 into her bank account when applying for a mortgage.
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The Wall Street Journal reports an incident where a borrower was even asked for a copy of her divorce decree — from two years ago — and asked to explain a deposit of about $200 into her bank account when applying for a mortgage.
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Realtor.com is teaming with media company RealBizMedia’s Home Tour Network to debut a TV channel that will feature millions of property listings and reach an estimated 55 million households. The property listings will first be featured on the Cox cable network; the companies’ plan is to later expand onto additional networks.
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The majority of Americans don’t fully understand how credit scores are formulated, according to a survey released by the Consumer Federation of America. That gap in knowledge can cost them when applying for a mortgage too.
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Residential Capital, a mortgage subsidiary of Ally Financial Inc. filed for Chapter 11 bankruptcy on Monday.
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Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of REALTORS®.
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In the first quarter of 2012, bathroom and kitchen remodeling remained the two most common types of remodeling jobs, according to the National Association of Home Builders.
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Protecting home ownership will be front and center in this year’s national elections, said top political strategists speaking with hundreds of REALTORS® Tuesday morning at the 2012 NAR Midyear Legislative Meetings & Trade Expo in Washington, D.C.
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