Archive

Should mortgage lenders be required to have college degrees?

Published by Gina Pogol on February 14, 2011 in Home Equity Loan . 0 Comments

I was reading a blog post today in which the merit of requiring real estate agents to have college degrees was hotly debated. It got me thinking about the value of a similar requirement in the mortgage lending industry. When you analyze the sub-prime lending crisis and the bad credit mortgages that were provided to ...

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Subprime's downfall makes things harder for bad credit mortgage borrowers

Published by Gina Pogol on February 09, 2011 in Mortgage Refinance . 0 Comments

Experts in the mortgage industry say that the exit of most subprime lenders from the business will make it harder for people with bad credit to find mortgages. Well, duh. Bad credit or subprime mortgages are usually defined as those with rates at three or more percent higher than those of prime mortgages. Prime loans, including FHA ...

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71% of Americans believe mortgage credit is a problem

Published by Gina Pogol on February 09, 2011 in New Home Loan . 0 Comments

A recent survey of 2,000 found that over two-thirds of people think that access to mortgage credit is a serious national problem. Many also feel that the process of getting a mortgage needs an overhaul: 23% indicated that applying for a mortgage was difficult because documentation requirements from their lender kept changing 22% claimed their lender used ...

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Seniors with debts: Reverse mortgage or bankruptcy?

Published by Gina Pogol on February 09, 2011 in Home Equity Loan . 0 Comments

According to a survey by CESI Debt Solutions in Raleigh, N.C., nearly 40 percent of all seniors say they have accumulated debt in their retirement years that they won't be able to pay off during their lifetimes. The heirs will have to deal with it, and depending on the state you live ...

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State-run foreclosure mediation programs: Here are your links

Published by Gina Pogol on February 07, 2011 in Uncategorized . 0 Comments

For those trying to avoid foreclosure, twenty-one states offer some form of foreclosure mediation, which can help you and your lender reach an agreement and some form of affordable solution. Here is a list of those states and the links to their programs. CALIFORNIA California Department of Corporations information on �� 2923.52, includes Servicer Application for Exemption, ...

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State foreclosure mediation programs can help you avoid foreclosure

Published by Gina Pogol on February 07, 2011 in Uncategorized . 0 Comments

There are two types of foreclosure mediation programs: opt-in, which means you have to initiate the mediation process, and automatically scheduled, often referred to as mandatory mediation. If you live in California, Connecticut, Florida, New York, Pennsylvania, or Rhode Island, you won't have to make any special effort to begin mediation; lenders are not allowed ...

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Wall Street Journal concludes HAMP is a failure -- incorrectly?

Published by Gina Pogol on February 07, 2011 in Foreclosure . 0 Comments

The Wall Street Journal in a recent article concluded that the HAMP program is a failure because many homeowners who got mortgage modifications re-defaulted on their home loans. In addition, the publication took the government-sponsored program to task for failing to provide relief to the initially-estimated three to four million homeowners. In fact, only ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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Recent Comments

  • Gina Pogol: Yes there is. Check any updates you get in the mail from your card issuer, and look for changes like new fee policies....
  • Gina Pogol: Ye, we heard the phrase "skin in the game" more times than we could count (although one journalist made a valiant...
  • Gina Pogol: FHA allows you to qualify for a mortgage 2 years after a bankruptcy discharge. Keep in mind though that you must...
  • Gina Pogol: Rachel, it's not that hard and fast--paying the smaller ones and letting the larger ones go--for example, always pay...
  • Gina Pogol: Alan, thanks for the question. When referring to the $7,500, we are talking about Federal income tax, not property tax....