The New Credit Scores That Could Get You a Loan

Credit Score

The New Credit Scores That Could Get You a Loan

The New Credit Scores That Could Get You a Loan

Legislation introduced late last year aimed at changing the way the nation’s largest mortgage loan holders, Fannie Mae and Freddie Mac, conduct business, could signal a tipping point in how, and even if, credit scores are calculated for lending decisions. In December, U.S. Reps. Edward Royce (R-Calif.) and Terri Sewell (D-Ala.) introduced the Credit Score Competition Act... Read More

Interest Rates & Accountability: How to Solve the Student Loan Crisis

Students

Interest Rates & Accountability: How to Solve the Student Loan Crisis

Interest Rates & Accountability: How to Solve the Student Loan Crisis

After leaving Congress, I spent three years teaching at colleges across Pennsylvania. But you don’t need to be on campus to know that young Americans and their families today worry greatly about college affordability. From 1999 to 2009, college tuition rose by 73% while family income fell by 7%. The cost of higher education has... Read More

How Long Does It Actually Take to Get a Mortgage?

Mortgages

How Long Does It Actually Take to Get a Mortgage?

How Long Does It Actually Take to Get a Mortgage?

It may have happened several years ago, but Americans haven’t forgotten about the financial crisis. Perhaps no one knows that better right now than the Quicken Loans social media team, which has dealt with an onslaught of criticism since a commercial for its mortgage app aired during Super Bowl 50. “You could get a mortgage... Read More

Are We All Doomed to Be in Debt?

Managing Debt

Are We All Doomed to Be in Debt?

Are We All Doomed to Be in Debt?

You’d be hard-pressed to find someone who likes being in debt. Even when it helps someone accomplish a goal, like getting an education or buying a home, going into debt isn’t exactly fun. In fact, a lot of people say it’s downright terrible. A new survey shows 54% of American adults at least somewhat or... Read More

6 Tips for Buying a Home in 2016

Mortgages

6 Tips for Buying a Home in 2016

6 Tips for Buying a Home in 2016

Would-be homebuyers eyeing 2016 as the year have a fair bit working in their favor. Mortgage credit continues to thaw, interest rates remain surprisingly flat and more homes are expected to hit the market as Spring approaches. To be sure, some buyers have a more streamlined path than others. Macro-level outlooks are one thing; it’s another to... Read More

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