Credit crisis needs a Churchill FinanceAsia, Hong Kong - 12 hours ago The initial collateral values backing these loans either were never accurate, or have since fallen substantially. Thus, mortgage-holders will incur ... |
Anxiety about money grips a NJ family Vineland Daily Journal, NJ - Oct 13, 2008 Until the subprime loans were offered to people with poor credit histories, the percentage of people who owned their homes had stayed at 65 percent for more ... |
How You May Qualify For a “Short Pay” Refinance TransWorldNews (press release), GA - 23 hours ago If it wasn’t for fixing other people’s bad choices (getting them into a better loan program), we would have been a victim of this mortgage meltdown -- just ... |
Many go bust in mortgage meltdown Crain's New York Business, NY - 18 hours ago "Because of these no-income-verification, no-asset loan products that were popular, people have no equity and never did," says Michael Siegel, ... |
Searching for A Hot Investment? Try Your Mortgage. Washington Post, United States - Aug 16, 2008 With credit markets as dysfunctional as they are now, no one should assume they can get quick approval for a home-equity loan, line of credit or a cash-out ... |
Legislating to Protect Home Ownership Louisiana Weekly, LA - Aug 4, 2008 The existing lender would voluntarily decrease mortgage debt below the home's current value, which will give the owner equity in the house. ... |
The Debt Creators: Shady Lending, Misleading Marketing and Hard Times Multinational Monitor - Jul 26, 2008 You take out some of the equity in the house, and get a new loan with worse terms. In the case of 50 percent of people, this money is used to pay credit ... |
Punishment of the Responsible (AKA Minnesota Truth) FOXBusiness - 11 hours ago Consider this: an estimated 30% of Americans own their home outright, with no mortgage. These people felt no need to refinance to buy a new boat, ... |
Punishment of the Responsible (AKA Minnesota Truth) FOXBusiness - 15 hours ago Consider this: an estimated 30% of Americans own their home outright, with no mortgage. These people felt no need to refinance to buy a new boat, ... |
Getting a loan, and not getting burned New York Daily News, NY - 11 hours ago With a mortgage, ask if there are penalties for paying down debt early. With home equity lines of credit, beware of annual fees, early termination fees or ... |
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