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Home Owners Who Missed Window To Refinance At Risk Of Becoming Mortgage Prisoners - Latest News
Home owners who missed window to refinance at risk of becoming ‘mortgage prisoners’
Some home owners who continually missed the opportunity to refinance may be held as mortgage prisoners as they will find it hard to switch to another loan with a lower interest rate. by: Phoenix Lee/ ... read more
Bankzilla vs the rest of us
Credit card loans fell nearly 6 percent and home equity credit lines by more than 2 percent. While mortgage lending was up slightly, most of the increase came from refinancing by homeowners seeking .. ... read more
Local market ready for bailout boost
Obama’s program to repair the mortgage crisis includes taxpayer-funded refinancing of troubled loans ... Stability Initiative will only go to help homeowners who commit to make payments to stay in the... read more
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Mortgage lenders see more borrowers give up
An additional 1 million-plus borrowers were at risk ... With home prices sliding and politicians calling for government and the mortgage industry to do more to help troubled homeowners, lenders and lo... read more
The Ecology of Foreclosures
The former owner was a born-again deacon who had bought into a complicated refinancing ... a home. Why do it in a down economy? Because houses are historically cheap, and many people remain undeterred ... read more
Mortgage refinance online applications, does it trump in-person submissions?
Home owners who missed window to refinance at risk of becoming ‘mortgage prisoners’ While online applications are faster, they often involve more work on your part. You are the one uploading the docum... read more
Ignore the banks, the housing bubble is real
Investors now account for almost 40 per cent of new home loans. If you exclude refinancing from existing home owners, the figure jumps to ... if the property boom continued, housing and mortgage marke... read more
Dodd Frank Rulemaking Update; NAR and Builders Suggest Looser Lending Standards - Surprised?
For those playing along at home, per a report by law firm Davis Polk, a total of 237 Dodd-Frank rulemaking requirement deadlines have passed. "Of these 237 passed deadlines, 145 (61%) have been missed ... read more
McCain Says Yes to Debate in Miss.
Following the debate, he will return to Washington to ensure that all voices and interests are represented in the final agreement, especially those of taxpayers and homeowners," the statement said. Th... read more
Assembly OKs 1-year foreclosure delay
But the Brooklyn Democrat said his bill for a year-long delay, which passed the Assembly 118-10, is also aimed at stopping predatory lenders trying to foreclose while giving homeowners respite to refi... read more
Secretary of the Thievery
As chair of the New York Federal Reserve before becoming treasury secretary ... Even Obama's plan to help homeowners includes bribes to banks to coax them to approve mortgage restructuring and refinan... read more