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Most complaints to CFPB about mortgages [Video]

By: Equity National   July 27, 2015   No Tags   Closing, Escrow

Most complaints to CFPB about mortgages [Video]

A recent report indicates that the biggest financial problem people have these days is paying off their mortgages.  The California Public Interest Research Group — Education Fund, after studying the Consumer Financial Protection Bureau's public complaint database, found that the most common sort of issue within the archive was mortgage complaints. The agency began accepting complaints in July 2011, and started hearing mortgage...
What do home-buyers complain about the most?

By: Equity National   June 24, 2015   No Tags   Closing, Escrow

What do home-buyers complain about the most?

It isn’t uncommon for people to run into problems during the home-buying process. It can certainly get confusing, and some lenders simply don’t provide the sort of assistance necessary for people to go from mortgage application to closing without a hitch. The first step to eliminating these issues for borrowers, is to understand what they are.   The Consumer Financial Protection Bureau broke down complaints it received in 20...
Freddie Mac: Still weak housing market continues...

By: Equity National   June 1, 2015   No Tags   Closing, Escrow, Title

Freddie Mac: Still weak housing market continues...

Though recent statistics from one government-sponsored enterprise indicate a relatively weak housing market, a deeper look into the numbers shows increasing stability through the months and years.  The Multi-Indicator Market Index, or MiMi, is a measure used by Freddie Mac to determine the stability of both the national housing market as well as that of metro areas. The national MiMi value was assessed as 75.4, a figur...