Fannie Mae issued a bulletin clarifying its policy on loans that have been repurchased. In some cases, the secondary lender will purchase mortgages that have been repurchased by the seller. Among other requirements on such loans, the condition that made the loan ineligible must be cured. View full post on All Stories

As far as I am know, the FHA offers no such debt relief program when it comes to loans to buy homes. If you do not already own a home, and are looking to consolidate your debts into a mortgage at the time of purchase, I should tell you that this concept, while possible, can [...]

Money is one of the man’s greatest inventions, an essential tool of civilization, because every society has a money economy based on coins and paper notes. In primitive society there was a barter system which is the direct exchange of goods and services for goods and services. As the extent of specialization increases, the barter [...]