Qualified Versus Nonqualified Mortgages

If you’re shopping for a home loan, you may hear references to both qualified and nonqualified mortgages. What are these loans, and how do they differ? Qualified vs. nonqualified A qualified mortgage meets certain standards designed to protect borrowers by increasing the likelihood they will be able

Celebrating 50 Years: The Community Development Block Grant Program

An ambitious federal program that improves the lives of low-income communities has reached an auspicious milestone: 2024 marks the 50th anniversary of creating the Community Development Block Grant (CDBG) program. Goals of the program The CDBG’s goal since 1974 has been to provide funds for housing,

Beware the “Zombie” Mortgage: It Can Eat Your Finances

Zombie apocalypse movies are terrifying, but here’s a real horror story: “zombie” mortgage debt that chases you into foreclosure. Don’t let your finances be devoured! What is a zombie mortgage? A zombie mortgage is a home loan that the borrower mistakenly thought was paid or discharged but that actu