Tag Archives: mortgage

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Infographic: Know Your Mortgage Rights

Here's a breakdown of what you're entitled to as a homeowner

Here’s a breakdown of what homeowners are entitled to with their mortgage.

By Sheiresa Ngo

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Inheritance Update: CFPB Clarifies Mortgage Rules

If property is passed down to you, here's how you can avoid problems

The Ability-to-Repay rule shields consumers from careless mortgage lending.

By Sheiresa Ngo

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Black Family

Top 10 Sizzling Real Estate Markets

Among fastest growth markets, California dominates the list

In some U.S. markets, it's better to own than rent (Image: ThinkStock)
Some people have no…

By Sheiresa Ngo

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NFCC Poll: Consumers Reluctant to Assume Mortgage Risk

Are you worried about paying off a mortgage?

Even though many define the American Dream as becoming a homeowner, more consumers are…

By Sheiresa Ngo

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Sandra Thompson

Federal Housing Official: ‘There’s Help Available for Struggling Homeowners’

Government programs are out there to assist with mortgages

The HARP Program is the government refinance program for borrowers who are current, but underwater

By Alan Hughes

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(Image: Thinkstock)

Consumer Financial Protection Bureau Amends Mortgage Rule

Changes might be on the horizon.

The Consumer Financial Protection Bureau issued amendments and clarifications to its mortgage rules

By Sheiresa Ngo

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mortgage-rates

A Crash Course on the CFPB and Why it Matters to all Future Homeowners

It's going to be harder to get a loan, but it's for the greater good

Beginning in January, servicers will also have to notify borrowers of foreclosure alternatives after the…

By Ashley R. Harris

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Jermaine Dupri - Featured

Jermaine Dupri Saves Home From Foreclosure

Jermaine Dupri stops home foreclosure for the second time in four months.

Jermaine Dupri gets judge to postpone foreclosure on Atlanta mansion.

By Amber McKynzie

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Renters

Free!! Books of the Week – House Hunting

Visit our BE Rewarded site to win FREE Book Bundles!

Interested in owning your own home? Alleviate some of the stress with these house hunting…

By Sasha King

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Obama Pushes Proposal to Help Underwater Homeowners

The president urges Congress to provide mortgage relief to homeowners

President Obama on Wednesday called on Congress to make it easier for millions of homeowners…

By Joyce Jones

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Ask the Money Coach: Should You Walk Away from Mortgage Debt You Can’t Afford?

Carefully consider the potential pros and cons from walking away from your mortgage

How to carefully consider the potential pros and cons of walking away from your mortgage

By Lynnette Khalfani-Cox

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The Truth About ‘No Cost’ Loans from Home Lenders

Here's an estimate of what you can typically expect to pay for your mortgage

Here’s an estimate of what you can typically expect to pay for your mortgage

By Lynnette Khalfani-Cox

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4 Tips to Keep Your HUD Home Out of Foreclosure

With the HUD mortgage counseling budget eliminated, more homeowners are at risk for foreclosure

The ongoing foreclosure problem facing U.S. homeowners is about to get worse now that Congress…

By Lynnette Khalfani-Cox

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MonopolyHouses

How to Navigate Stricter Mortgage Lending Guidelines

Six tips to help you prepare for a home purchase

Now is the ideal time to purchase a home. Interest rates are at historic lows…

By Robin White Goode

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New Study Shows 62 % Drop in Home Mortgage Approvals to Minorities

When the housing market collapsed, so did the number of home loans to Blacks and Latinos

Together, African-Americans and Hispanics were able to borrow 62 percent less to buy or refinance…

By Kenneth J. Cooper

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According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less than whites of similar incomes over the past decade. As BLACK ENTERPRISE CEO Earl "Butch" Graves, Jr. wrote in a recent Executive Memo: "Make money work for you, not against you. We must reverse this trend by taking a disciplined approach." For the February issue of BLACK ENTERPRISE magazine, I charged our Finance Editor John Simons and our Consumer Affairs Editor Sheiresa Ngo with wwweloping 10 power moves to improve our readers' finances. Follow these tips to better manage your money today an dreap huge benefits tomorrow!--Derek Dingle

10 Power Moves to Help You Better Manage Your Money

Simple steps to help you spend, save and invest smarter

According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less…

By Derek T. Dingle

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Though African American men and white men smoke cigarettes at roughly the same rate—25.5% compared with 23.6%—black men are 37% more likely to develop lung cancer and 22% more likely to die from it. For black women, lung cancer occurs at roughly the same rate as it does in white women, according to an American Lung Association report. Though the reason for the disparity is unclear, it appears to be the result of a confluence of factors such as genetics and access to healthcare.

Talking Points: What You Need to Know

Though African American men and white men smoke cigarettes at roughly the same rate—25.5% compared…

By Deborah Creighton Skinner

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Overview: The White House’s Financial Reform Plan

Enforcing common-sense rules for consumers, investors

The White House issued a fact sheet on how the president’s financial reform plan will…

By BlackEnterprise.com

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NAACP Drops Lawsuit Against Wells Fargo

Bank, group plan to work to improve financial literacy for blacks

The NAACP announced that it has dropped its mortgage-discrimination lawsuit against Wells Fargo Bank.

By Deborah Creighton Skinner

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Demystifying the Mortgage Modification Process

Rainbow/PUSH Coalition counselor advises delinquent homeowners

Loan modification counselor discusses when homeowners should modify their loan, why banks are not modifying…

By Marcia Wade Talbert

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How to Finance a Fixer-Upper on a Modest Budget

The house you want to buy needs some work, but you don�t have the money for repairs. Here�s one option.

A reader recently wrote to me asking about options for financing the purchase of a…

By John Simons

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The Homebuyer’s Toolkit: Building Financial Security

Owning a home should be part of a larger commitment to gaining financial security

Over the Thanksgiving break I became addicted to a show called Till Debt Do U$…

By LaToya M. Smith

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Should You Have Faith In A Good Faith Estimate?

When mortgage shopping, break down the costs and make sure you are comparing apples to apples

I was speaking with a client yesterday who was thoroughly confused by the good faith…

By Kirk Charles

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What’s A Short Sale In The Long Run?

It's not a foreclosure, but it could still make it harder to buy another home

Yesterday afternoon I was in an attorney’s office and a gentleman came in for a…

By Kirk Charles

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The Homebuyers Toolkit: Money Attitudes and Budgeting

Homeownership means learning to understand and manage your finances

Last weekend I attended The Money Conference for Women in Hartford, CT. A 26-year-old woman…

By LaToya M. Smith

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The Homebuyers Toolkit: Key Players

The role of the realtor, attorney and home inspector

Buying a home is a personal decision, but the process is not so private. Generally,…

By LaToya M. Smith

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The Homebuyers Toolkit: Qualifying For A Mortgage

Know your options for financing your purchase�and paying off the loan

“What happens when you go to a lender,” asked Deborah Johnson, vice president and relationship…

By LaToya M. Smith

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The Homebuyer’s Toolkit: Getting Started

How to know if you're ready and what banks are looking for

The process of buying a home can be overwhelming. I feel your pain, I’m there…

By LaToya M. Smith

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Cutting Edge: Four Tips for Understanding A Mortgage

Using due diligence can help you avoid pitfalls

Despite the housing crisis that helped submerge the nation leagues under troubled financial waters, homeownership…

By Renita Burns

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Is Now the Time to Buy Real Estate?

The pros and cons of purchasing distressed properties

If you believe in the investment philosophy “buy low and sell high,” then you’re probably…

By Bridget McCrea

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How to Save $66,000 on Your Mortgage

Bi-monthly loan payments save money and time

What if you could pay off your 30-year mortgage in 22 years?
Would you do it?
Consider…

By Renita Burns

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Fair Access to Mortgages Still Illusive for Minority Women

Report finds disparities by race widened as income levels increased

African American and Hispanic women continue to receive disparate treatment in the mortgage lending process,…

By Janell Hazelwood

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Foreclosure Prevention Gone Awry?

'Justice League' clamps down on home mortgage scams

The ink on President Barack Obama’s massive stimulus plan hadn’t dried before spurious Websites sprouted…

By Renita Burns

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