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Mortgage protections are here; Starting on Friday lenders must ensure you can ...
Mortgage protections are here; Starting on Friday lenders must ensure you can ... protections are here; Starting on Friday lenders must ensure you can afford your loan. New rules from Consumer Financial Protection Bureau give consumers with new rights when shopping for a mortgage. By Phyllis Furman / NEW YORK DAILY NEWS.

New Snags for the Self-Employed
Borrowers who are self-employed may have a tougher time obtaining a mortgage under new federal regulations requiring lenders to verify applicants' ability to repay. Effective this month, the rules, But the guidelines for non-agency loans (mortgages

5 ways the jumbo mortgage market will change in 2014
The total dollar amount of originated private jumbo mortgages—which exceed $417,000 in most parts of the country and $625,500 in pricey housing markets such as New York and San Francisco—was on track to be the highest since 2007. Shutterstock

5 Ways Getting a Mortgage Will Be Harder in 2014
5 Ways Getting a Mortgage Will Be Harder in 2014 Your monthly living expenses — mortgage, taxes, credit-card debt and other loans, and the like — can't account for more than 43 percent of your gross income. Considering how expensive it is to live in New York, lenders once were allowed, depending on

New York local mortgage lenders and hard money New York local mortgage lenders and hard money, compare variable mortgage rates and what is the lowest mortgage rate today ...

Fortunes reverse as Ditech servicing now props struggling mortgage lending

Simply put, again, the demand just isn’t there, and costs continue to run high. “Net gains on sales of loans decreased $26.2 million as compared to the prior year quarter due primarily to a lower day one margin due to a product mix shift towards lower margin correspondent and wholesale channels combined with pricing decreases in both the consumer and correspondent channels, as well as an overall lower volume of locked loans,” the report states.

Finally, mortgage servicing reversed its fortunes, going in the opposite direction of originations. Here’s the full explanation, but a simple, tactical shift helped fuel the division back to black.

“During the third quarter of 2018, the segment generated revenue of $122.9 million, an increase of $32.3 million as compared to the prior year quarter primarily due to $60.0 million in favorable fair value changes to our MSR, partially offset by $26.8 million in lower servicing fees due primarily to the shift of our servicing portfolio from servicing to subservicing and continued runoff of the overall servicing portfolio,” the earning reports said.

At what age can you ignore your credit score?

NEW YORK (AP)—At some point, you’ll buy your last car and refinance your last mortgage. Surely then you can stop worrying about your credit scores.

Well, not really, although there are situations when credit scores shouldn’t be anyone’s main concern.

Let’s start with some reasons why credit scores still matter, even when you don’t plan to borrow money.


Most insurers use credit-based insurance scores, which use information from credit reports to help set premiums for auto, homeowners and renters policies. A drop from excellent to poor credit can more than triple homeowners’ premiums in some states. Credit can have a bigger impact on auto insurance premiums than any other factor, including someone’s driving record, according to an investigation by Consumer Reports.

That’s not all. Cellphone companies often reserve their best deals for those with the best credit. Many employers check credit reports, which could be an issue should you want to work or return to work in retirement. Utilities and landlords also typically check credit scores, which might become an issue if you move. Senior housing, assisted living and continuing care retirement communities also may use credit histories or scores to evaluate applicants.

know of a good mortgage lender in new york?

I am a first-time buyer and I want to find a good
mortgage lender that will work for me, not against me
I have spoken to 2 already, and they seem to have
a large range in price for the same property...

If you are not impressed with the first 2 quotes you have, get a couple more. Ask family, friends, co-workers, etc... who they have used in the past and how their experiences with those companies were. Look up the companies on the or ripoffreport.