Posts tagged "home loan"

Madigan Joins National Mortgage Fraud Unit

Madigan Joins National Mortgage Fraud Unit
Illinois Attorney General Lisa Madigan on Jan. 27 formally joined a national team tasked with holding lenders more accountable for acts that led to the country’s housing crisis. The group, President Obama’s Financial Fraud Enforcement Task Force, will closely investigate questionable lender acts. She joins U.S. Attorney General Eric Holder, Housing and Urban Development Secretary... Read more »

Employee Credit Checks Banned Statewide

There are a number of reasons why the real estate market is still struggling. Among them is the fact that unemployment is up. When people are out of work, they’re less likely to buy property. This is especially true when credit history is such an important element of getting approved for a home loan.  But... Read more »

Credit Scores Increasingly Critical in Home Buying

There was a time when your credit score was a factor in your ability to secure a home loan, but it wasn’t the most important factor. In the real estate heyday, credit scores were often overlooked as long as income — stated or actual — was steady. That was then, this is now. The Associated... Read more »