Borrower's Outlook

LenderStreet's columnists (that's us over there) join forces with lenders in your area to keep tabs on the mortgage market. Together we offer timely insights toward a positive loan experience.

The numbers are in ladies and gentlemen, and things aren’t too pretty for the housing market. After reading a brief AdAge stat card report on the latest census and how it affects marketers, it appears that the housing market collapse was well documented.

Check out what else the 2010 Census had to say about our current housing climate!

Just remember that if you're trading up, make sure it's a move that you can afford. Just like you figured out with your starter home that you were going to be able to afford the mortgage...

Read more about what financial experts have to say on buying your home in today's market.

The Obama administration released 31-page outline for the future of housing finance today, and while the future is still murky, what is clear is that the impact on the mortgage industry will be felt by homebuyers and lenders.

The administration has proposed that Fannie Mae and Freddie Mac gradually disappear within the next 10 years at most, and Congress received three different options for how to achieve such an overhaul.

Read more about the proposed changes to housing finance

It’s been four days since the Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, which will begin to go into effect on Wednesday when President Obama signs the bill. The reaction from the mortgage industry has been mostly against the bill, which was represented by my interview with Bill Kidwell on Friday.

See how others are reacting to the bill

How would you feel if a friend owed you money and you knew he had the funds to pay you back, but he just decided it wasn’t in his best interest?

Lenders across the country are experiencing a similar predicament, as the strategic default has become a popular practice among the rich.

Read more about strategic defaults

Welcome to the LenderStreet blog, where we will provide information, analysis and advice for borrowers in a confusing housing market.

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