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Mortgage Rates Climb

Due largely to strong data on consumer spending, the average U.S. rates on fixed mortgages climbed for the second consecutive week, but still remain close to historic lows. Cheap loans have kept home-buying and refinancing desirable as the real estate market and economy at large continue to rebound. Two weeks removed from hitting a historic …

Exotic Mortgages Are Now a Rare Breed

Before the housing market crash and the recession, lenders offered a variety of loans tailored to fit different types of home buyers. New rules set by the federal government have since given a level of standardization to mortgages, but some exotic loans still exist. These exotic loans are still an option for some borrowers, but …

What Do You Do If You Get Behind on Mortgage Payments?

When times are tough, we often have to think about where to cut back. If you are in the uncomfortable position of needing to select which bills to prioritize, you might wonder what happens if you skip your mortgage payment for just one month. The consequences vary depending on how late you are. If you …

4 Questions to Consider Before You Take on a Mortgage

zhz_akey/iStock/Thinkstock Many mortgage seekers are primarily concerned about the size of their down payment, how much they’ll have to pay per month, and the interest rate on their loan. While these matters are important, they aren’t the only ones to consider. Before you start shopping for a mortgage, ask yourself these four questions to become a more informed home …

Getting an FHA Loan Just Got Harder

New requirements for Federal Housing Administration-approved mortgages go into effect today, presenting potential roadblocks for homebuyers with collections or judgments in their credit histories. While lenders have recently been able to take significant economic events into account in processing loan applications, today’s changes are a step in the opposite direction for loan accessibility. The U.S. …

What Is a Foreclosure? 4 Things Homeowners Need to Know

KLH49/iStock What is a foreclosure? When a homeowner doesn’t pay his or her mortgage for an extended period, the bank or entity that lent that money takes possession of the home—which means the current owner must move out. Foreclosure is a scary word for homeowners, but it’s not all that common today: According to CoreLogic, the foreclosure rate (meaning the percentage of …

Business owner: Kenosha ‘looks like a war zone’

close video Kenosha looks like a ‘war zone’: Small business owner Authentique Gifts and RePour’d Candle Factory owner Kimberly Warner argues the town needs financial assistance in order to rebuild. Kenosha, Wis., “looks like a war zone,” small business owner Kimberly Warner told “Mornings with Maria” on Wednesday. Continue Reading Below “Our downtown and our uptown is completely destroyed,” Warner, …

Azure Insights: MFA Server; Inspec-Azure; Application Insights logging

Microsoft Azure pros share their thoughts on the new version of MFA Server, using Inspec-Azure for DevOps Pipelines and Application Insights logging. Making sense of the new version of Azure Multi-Factor Authentication Server Microsoft MVP Sander Berkouwer, writing on The Things That Are Better Left Unspoken, examined the release of version 8.0.5.1 of Azure Multi-Factor …

Want an FHA Loan? It’s About to Get More Difficult

MorePixels/Getty Images If you’re looking to buy a home with a Federal Housing Administration loan, you can expect to face some new hurdles starting next week. A few changes are coming on Sept. 14—and some of them have the potential to be a deal breaker for buyers, at least in the short term. “I anticipate borrowers as a whole …