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Northeast Ohio mortgage lenders 'scrambling' to meet federal deadline
http://www.crainscleveland.com/article/20140105/SUB1/301059986/1022/breaking
Local mortgage lenders are ringing in 2014 with staff training and system changes so they are ready for this Friday, Jan. 10, when a federal rule goes into effect that requires them to assess whether a borrower can repay a home loan and offers them

Is It Ever Wise to Make Early Withdrawals From Your 401(k)?
http://www.dailyfinance.com/2014/01/25/is-it-ever-wise-to-make-early-withdrawals-from-you/
Most companies match an employee's contributions, dollar for dollar, up to a certain percentage. As of 2013, the most that an But what if real-life needs intrude - such as mortgage payments, or a child's college education or credit card debts - and

Mojo - January 2014
http://www.motherjones.com/mojo/2014/01/jpmorgan-jamie-dimon-raise-regulators%20-%20?page=1&page%3D1%26page%253D1%3D=
Mojo - January 2014 Last summer, when Ariel Castro was on trial in Ohio for kidnapping, sexual assault, and murder, he made an unusual request to the judge: He wanted parental rights to visit the six-year-old daughter he had conceived through rape. Given the magnitude of

From ColumbusAlive.com
http://www.dispatch.com/content/stories/business/2014/01/25/jpmorgan-boosts-ceos-pay-to-20m.html
The bank was among the major lenders that sold mortgage-backed securities that plunged in value when the housing market collapsed in 2006 and 2007. This month, the bank reached an agreement to pay $1.7 billion to settle criminal charges stemming from 

Warren Youngstown Ohio Mortgage Lenders Brokers Home Loan

If you're looking for a mortgage lender, broker, or home loans in Warren or Youngstown Ohio, this video is for you! Don't apply for a loan ...

Federal Home Loans Stalled by Government Shutdown

Folks in Ohio might not even notice the partial federal government shutdown, unless they are trying to buy a home with a U.S. Department of Agriculture loan.

The USDA offers loan programs for rural home owners -- much of Ohio outside of urban areas qualifies -- and that service has been furloughed during the shutdown. For Newark-based mortgage company Equity Resources, that's a decent bit of business.

"About 10 percent of our business is in USDA (loans)," said Kelly Welch, executive vice president for Equity. "Any borrowers in a USDA loan are stuck."

Other federal loan products, including the Federal Housing Authority and Veteran Administration programs are not affected, but should a question arise with an FHA loan, there is no one available to talk to, Welch said.

There are other annoyances as well with a government shutdown. Self-employed people can't get transcripts from the Internal Revenue Service to verify their incomes. Federal government employees applying for credit or looking for another job might also have a hard time as there is no one fielding calls to verify their employment.

What the government shutdown means for your mortgage

The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse. And if you’re among the 800,000 federal employees going without a regular paycheck, it could mean trouble making a house payment.

Here’s how the shutdown is affecting homebuyers and homeowners — and what you can do about it.

if you’re getting an FHA, VA or USDA loan

If you’re getting a Federal Housing Administration or Department of Veterans Affairs loan, it’s likely you can expect delays in the underwriting process, and it’s possible your closing date will be pushed back as well.

There’s good news for most FHA-qualified homebuyers: Single-family FHA loans are being funded, even during the shutdown. FHA home equity conversion mortgages (known as reverse mortgages) and FHA Title I loans (financing for permanent property improvements and renovations) are the exception — and won’t be processed during the shutdown. The processing of VA loans will continue, according to the Mortgage Bankers Association, but you may have to wait.

what mortgage lenders are most flexible in cincinnati ohio?

My mother is on a fixed income of only 610 per month on top of that she has a credit score of only 560 she lives in a mobile home that is very dangerous , mold, electrical problems, holes, etc.


her income isnt the problem, i assume since shes on a fixed income its social secuity which can be "grossed up" to 125% which = $762.