Bernanke calls on industry to help borrowers
Story date: 2007-08-29 11:26:00
Added on: 2007-08-30 03:35:05
Newsday - The government needs to get involved to prompt lenders to extend credit to troubled borrowers, said Michael McHugh, chief executive of Continental Home Loans, a Melville-based mortgage banker. "We have a contraction of products now," he said. More ...
Read more...
Related Stories:
-
Q&A | Problems with housing, credit, prompt talk of potential ...
Seattle Times - Many borrowers couldn't afford to get out of their loans, refinance or even sell their homes. Q: Was this...
2007-09-11 12:11:00 -
Problems with housing, credit, prompt talk of potential recession
Everett Herald - Adding to borrowers' headaches: steep penalties for prepaying their home loans. Many borrowers couldn't afford to get out of...
2007-09-11 10:34:00 -
Don't rent out your credit score to weak borrowers
Chicago Tribune - Big bucks -- and a strong potential for fraud on mortgage applications -- are involved. Some Web site promoters...
2008-03-15 05:59:00 -
Tougher Reverse Qualifications For Seniors are Implemented - reversemortgagelendersdirect.com Offers No Income No Credit HECM Reverse Loans
Lenders implementing financial assessment want to make sure borrowers will be able to meet ongoing costs/fees involved with the reverse loan...
1969-12-31 06:00:00 -
Lack of Credit Leads Some Borrowers to Controversial Payday Lenders
Disappearing credit is pushing borrowers with lower credit scores into the arms of alternative lenders such as pawn shops, Internet lenders and...
2011-01-13 11:29:38 -
Property Value Declines Prompt Lenders To Renegotiate and Extend Balloon ... - Benzinga
Property Value Declines Prompt Lenders To Renegotiate and Extend Balloon ...BenzingaIn addition to commercial loan modifications, Peak Network companies offer mortgage lending,...
2010-12-11 05:07:50 -
Lenders fight over those with good credit ratings
Baltimore Sun - And other borrowers, say, with mediocre credit scores or not much equity in a home can refinance, too. In...
2008-01-13 02:28:00 -
What Is Involved In a Home Mortgage Refinance With a ... - PRLog (free press release)
PR Log (Press Release) – Mar 22, 2010 – Borrowers could understand this better by knowing certain subtleties involved in the process...
2010-03-22 10:04:00
