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Home Owners Who Missed Window To Refinance At Risk Of Becoming Mortgage Prisoners | AutoTraffic
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
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
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
Weekly Commentary: Just The Facts
current mortgage rates compared to the November figures, so it's really harder to explain.'" January 23 - Bloomberg (Prashant Gopal): "After years of soaring U.S. home prices, cash-out refinancing is ... 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
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
Digging out of a child support hole -- With back payments adding up, some say system needs change
RACINE — The first time Endel Williams went to prison, at age 19, his daughter was 3 months old. One month later, his second daughter was born. Even though he was incarcerated on drug-related charges, ... read more
Loan Disclosure Reform Incomplete without Borrower Education
If a refinance ... Simplified home loan disclosures do nothing to promote sustainable homeownership if borrowers don't understand the information presented in the form. We must do more to protect home... 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
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'I was enslaved for 40 days'
I was told that when I got to the U.S. I will have a job so I could send money home, food and a place to stay ... my trafficker is still after me and my family. I was enslaved for 40 days but it felt ... read more
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