Remove Credit Unions Remove Foreclosure Remove Government
article thumbnail

What To Know About Zero Down And Low Down Payment Mortgages

Better Credit Blog

. “So there are a few ‘Zero Down’ options, and some low down payment options, often backed by the government, designed to help remove that roadblock.” ” Of course, government-back Zero Down mortgages require a few qualifications, and navigating the world of low-down payments can also be tricky.

Lender 63
article thumbnail

Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

The borrowers most impacted by the consequences of this provision will be low- and moderate-income borrowers whose financial well-being could benefit the most from access to affordable credit from a credit union.”. Clarify FDCPA coverage for non-judicial foreclosures.

Lender 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

California DFPI Continues To Expand Consumer Protection Efforts During The COVID-19 Pandemic

Collection Industry News

In addition, the department has stepped up measures to expose and track emerging scams, field and respond to a large increase in consumer complaints and inquiries, connect struggling consumers with available resources, and to work with licensees to ensure compliance with state and federal laws enacted to protect homeowners from foreclosures.

article thumbnail

The Top Five Things Lenders Need to Know About Florida’s Construction Lien Law

Jimerson Firm

2] This result can be potentially disastrous to a mortgage lender that may lose the value of a first priority mortgage lien as security for the loan, and potentially have the mortgage subject to being foreclosed in a construction lien foreclosure lawsuit. Notices of commencement are governed by Fla. Credit Union , 46 So.

article thumbnail

The 7 Best Student Loan Refi Companies – as of May 2022

Better Credit Blog

In the event of a natural disaster, the company lets you apply for forbearance, meaning it will temporarily postpone your loan payments instead of forcing you into foreclosure or default. Through this company, married couples can consolidate their student loans with interest rates based on which partner has the better credit score or income.

article thumbnail

How Much Money Do You Need to Buy a House in 2024?

Credit Corp

Conventional Mortgage A conventional loan is a mortgage option that’s offered by a private lender instead of the government. Mortgage companies, credit unions, and banks offer conventional loans, though they might require a down payment between 20% and 25% of a property’s sales price.

Loans 52
article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On October 11, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concerning consumers’ requests for information regarding their accounts with large banks and credit unions. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions.