This is excerpted from an article written by the president of the Federal Reserve Bank of Boston, Erick Rosengren. One more attempt to help with the subprime mortgage crisis, at least until Congress decide what [...]; . . . → Click Here to Read the Full Article
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 Comments are closed  Banks, Mortgages, Regulations  Banks, federal, mortgage, mortgage counselor, mortgage help, prevent foreclosure, rewrite mortgage “If you can’t kick someone when they are down, when can you kick them?” is something my ex sister in law used to say. I thought of that as I read a story in [...]; . . . → Click Here to Read the Full Article Comments are closed Avoiding Scams, Foreclosure, Mortgages Avoiding Scams, equity, foreclosure prevention, foreclosure scams, homeowner protection, mortgage scams, refinance How would you like to live near Disney World? Now’s the time to get a bargain. The Orlando area leads the nation in home vacancies. An incredible 7.4% of all homes in that area [...]; . . . → Click Here to Read the Full Article Comments are closed Banks, Foreclosure, Mortgages , Florida, Foreclosure, lenders, mortgage, mortgage negotiations, mortgage payments, Orlando, vacancy We’ve described many different ideas for stemming the growing tide of foreclosures — our favorite being giving authority to bankruptcy judges to “cram down” principle and interest on mortgages — but none have managed to gain [...]; . . . → Click Here to Read the Full Article Cousins to paycheck loans, so-called “car title loans” are short term high interest loans secured by the title to your paid off used car. They are available in about half the states (sometimes unregulated), and [...]; . . . → Click Here to Read the Full Article Comments are closed Avoiding Scams, Debt, Debt collection, Debt management car title loans, Debt management, getting out of debt, loans The fact is that if you do not have credit cards, or have not been borrowing in other ways, the major Credit Reporting Agencies (CRA’s) might not have enough information to give you a traditional credit [...]; . . . → Click Here to Read the Full Article When WWII ended Americans owned about 80% of their homes. This went down over time as mortgage borrowing grew faster than house prices. Now, with house prices declining, the share of home equity owned [...]; . . . → Click Here to Read the Full Article Comments are closed Mortgages, Regulations , equity, Foreclosure, house prices, mortgage, mortgage relief, subprime, WSJ Before the bubble burst it was routine for holders of home equity loans to sign off when borrowers wanted to refinance their first mortgage. Since the home equity loan, or line of credit, is a [...]; . . . → Click Here to Read the Full Article Comments are closed Banks, Credit rating, Mortgages home equity, lender, loan, mortgage, mortgage broker, mortgage market, refi, refinance, refinancing I don’t know how many times I heard “everything has changed” after 9-11, but I think of that when I look at the mortgage market after the subprime bubble burst. It’s still not clear [...]; . . . → Click Here to Read the Full Article Comments are closed Mortgages, Regulations down payment, fannie mae, Federal Housing Administration, FHA, Freddie Mac, goverment help, mortgage market, Mortgages When you are up to your butt in debt, and your creditors are hounding you, it is easy to let yourself get sucked in by organizations that promise to help you fix the problem. But [...]; . . . → Click Here to Read the Full Article |
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