Mortgage and Financial News From 2010-4-6 Page 01
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Winning the mortgage modification lottery - CNN Money
He moonlighted from his ground-servicing job with Continental Airlines and took out second mortgages and cash-out refinancings. By last year, his mortgage had ballooned to more than $518,000, counting late fees. "I fell behind," he said. "
2010-04-06 01:21:00 -
Speedy short sales sought - News-Press
Also, Jursinski said, borrowers are released from liability for their debt and the rules also call for the holders of second mortgages and home equity loans to get some money from the transaction. Realtors are guaranteed their regular commissions ...
2010-04-06 06:00:00 -
SIGTARP Outlines Future Barriers to the Success of HAMP - MortgageNewsDaily.com
Rather than excluding borrowers with high "back-end" ratios resulting from car payments, credit card debt, and second mortgages, those with total debt ratios exceeding 55 percent must merely sign an agreement to work with a HUD-approved debt ...
2010-04-06 12:17:00 -
Florence concert to benefit Dire Truth Foundation - SCNow
Her family’s spent all of their savings and even taken out second mortgages to help her. They’re just trying to get her back to South Carolina,” the woman’s good friend, Tiffanie Cox, said. “This fundraiser started out as a way to raise ...
2010-04-06 05:32:00 -
Why Deleveraging of U.S. Households Matters - Daily Finance
... For the two-thirds of American households that owned a house during the great housing bubble, rising home equity provided collateral to support more debt via refinancing, second mortgages or home equity lines of credit (HELOCs). The rise in ...
2010-04-06 08:45:00 -
BlackRock warns on distressed mortgages - Financial Times
Disputes between investors and banks have erupted over riskier second mortgages, also called home equity loans. Many US homeowners who are behind on their payments took out two or more home loans. First mortgages were typically packaged into ...
2010-04-04 06:53:00 -
Ga. CUs Beat Banks on Car Loans, Not Mortgages - Credit Union Times
... on 30-year mortgages. The state’s CUs offered average rates of 5.32% and 5.69%, respectively, according to the tracking index from the Georgia Credit Union Affiliates. Still, CUs had stronger average rates on home equity lines and second ...
2010-04-06 02:33:00 -
Looking ahead: Wednesday - USA Today
Looking ahead: WednesdayUSA TodayThe Financial Crisis Inquiry Commission opens three days of public hearings into subprime mortgages, complex products and government-sponsored enterprises. ...and more »
2010-04-06 06:50:26 -
Is this a recovery? - Moneyweb (blog)
Is this a recovery?Moneyweb (blog)And although we have stopped, as private citizens, from accumulating debt (or in some cases, such as mortgages, have just walked away from the debt), ...and more »
2010-04-06 07:10:24 -
'Most fantastic place ever' - Tampabay.com
'Most fantastic place ever'Tampabay.comSecond Annual Fourth Street Dreams and Taste of Fourth Street: Benefits the Children's Dream Fund. 6 to 10 pm 2720 Fourth St. N, St. Petersburg. ...
2010-04-06 08:11:39 -
Manhattan Luxury Real Estate Is Poised to Sell - BusinessWeek
Manhattan Luxury Real Estate Is Poised to SellBusinessWeekMiller says recent sales have been driven by cash buyers who do not need mortgages, but lending for luxury and second homes remains tight. ...
2010-04-06 08:47:30 -
Former pastor admits stealing from Habitat for Humanity - Press & Sun-Bulletin
Former pastor admits stealing from Habitat for HumanityPress & Sun-BulletinThe payments were supposed to pay the mortgages for the properties. Heckman was a member of Habitat's board of directors and treasurer of the Tioga chapter ...and more »
2010-04-06 09:59:57 -
Interview transcript: Tom Bloxham, Urban Splash - Regen.net (subscription)
Interview transcript: Tom Bloxham, Urban SplashRegen.net (subscription)The problem is that people can't get mortgages, so they want to rent it not buy it. So we've been building up a large branded portfolio of Urban Splash ...and more »
2010-04-06 10:02:19 -
Swim and dive places 13 on Pac-10 All-Academic teams - Web Devil
Swim and dive places 13 on Pac-10 All-Academic teamsWeb DevilASU students can go online to find their free credit score when applying for student loans or home mortgages. Arizona State students hoping to practice law ...and more »
2010-04-06 10:15:11 -
BofA pledges speedy loan aid response: Bank of America executive: We'll ... - MLive.com
BofA pledges speedy loan aid response: Bank of America executive: We'll ...MLive.comBank of America is the nation's largest servicer, handling one of five mortgages. An executive with Wells Fargo, the second-largest servicer, also took part ...and more »
2010-04-06 10:16:43