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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 ...

Chase Expands Reward Points for New Mortgages

The New York-based Chase has launched an offer for select Chase cardmembers to earn between 25,000 and 75,000 Ultimate Rewards points or MileagePlus miles when purchasing a home with Chase. Following an enthusiastic response from Sapphire customers last year, eligible Sapphire, Freedom, and United MileagePlus Club or Explorer cardmembers can earn Ultimate Rewards points or MileagePlus miles by purchasing a mortgage with Chase before August 31.

Customers can redeem their Ultimate Rewards points for just about anything from travel and gift cards at a variety of retailers, to cash back and other experiences. United cardmembers can redeem United MileagePlus miles a variety of ways, including travel, dining, shopping, and MileagePlus Exclusives, which provides program members with access to some of the world's best events and experiences. Last year, Chase designed the pilot offer specifically for millennials, given their strong relationship with the Chase Sapphire Reserve card, but this year Chase moved to open the program up to a larger audience. Freedom has the broadest customer base with a wide variety of backgrounds, incomes, and lifestyles.

Have we learned anything from the recession, 10 years later?

 Would test all-time highs again within weeks. The real market collapse—in which major stock indexes would eventually shed 50%—was postponed until fall.

Still, the 10-year anniversary of Bear Stearns’ collapse is a good time to revisit what happened next, and the lessons we should have learned. But did we?

Lesson 1: If you don’t understand it, don’t invest in it

You might’ve heard that the “subprime mortgage crisis” and subsequent devaluation of mortgage-backed securities were big causes of the recession. But most people don’t understand what that means—and that was part of the problem.

Basically, a lot of people were qualifying for mortgages they couldn’t afford, and some investment banks started selling risky, but high-return, bonds that were backed by those mortgages. Firms like Lehman Brothers bet big on those bonds—even borrowing money to do so—and some investors did, too, without really understanding them or the risks involved. When homeowners began defaulting on those mortgages, the investors and banks holding the bonds lost out, too.

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.