Mortgage Conflicts On the Rise Between Bank of American and JP Morgan

A certain conflict is arising among the big lenders when it comes to the home-buying market, one of the last bastions of solid, reliable investment, in this age of economic setbacks. Under the mortgage modification plan set forth by the Obama administration, Bank of America and JP Morgan will face the impetus to provide relief for a much greater number of homeowners that they can possibly afford. [Read more]

Credit Unions: An Unexpected Source of Mortgage Loans

According to conventional wisdom and common sense, you go to a mortgage broker to get the best deals on mortgage loans. These brokers do offer a diverse array of options. However, there’s one type of loan that mortgage brokers ordinarily neglect to mention: the credit union mortgage.

Credit unions have a few important advantages over most lenders. One advantage of credit unions is that they operate on a small scale and focus on relatively low-risk loans. As a consequence, credit unions have not suffered as much as other institutions during the subprime crisis. [Read more]