Sharing appreciation may make mortgage modification feasible

Story date: 2007-10-27 01:18:00
Added on: 2007-10-27 02:39:02

Herald Tribune - ... in 2005, John Subprime took out a 2-year adjustable-rate mortgage for $100,000 at 5 percent. It was a 100 percent loan, but the balance had been paid down to $97,237. The initial payment of $537 was affordable, but lasts only two years. The interest ...


Read more...

Related Stories:

• Campbell, John Henry Get Losses as Subprime Devours Carry Trade

  Bloomberg - Chalk up another victim to the spreading U.S. subprime mortgage contagion. The ... 6 percent for 2007, data from ABN...
  2007-08-19 05:47:00

• WHERE IS PMI FOR HOUSING CRISIS? (New York Post)

  Dear John: The mortgages I am familiar with require an additional payment if the borrower puts down less than 2 percent of...
  2008-05-18 01:09:30

• Nearly Four in 10 Mortgages to Minorities Were Subprime in 2006

  Forbes - Seventeen percent of all mortgage loans to Asians in 2006 were subprime, less than half the national subprime rate for...
  2007-10-04 07:36:00

• Manulife earnings rise 10 percent

  Calgary Herald - But profit at its U.S. insurance division fell 18 percent to C$138 million, hurt by lower interest rates and...
  2007-11-06 10:01:00

• American Voices: Notable Quotes From the Week in Business

  Bloomberg - John Levy, president of Richmond, Virginia-based commercial mortgage broker John B. Levy & Co., who says investors that shun securities...
  2007-11-30 12:24:00

• PIMCO's Gross sees funds rate at 2.5 pct in 6 mos-CNBC

  Reuters - Gross added that the Fed needs to bring 30-year U.S. mortgage rates down to between 4 percent and 4.5 percent...
  2008-01-22 02:06:00

• Suddenly a Good Bear Is Hard to Find as Stocks Rise on Fed Ease

  Bloomberg - ... fund in New York has returned 124 percent this year with bets against financial shares and bonds backed...
  2007-09-23 05:15:00

• Election 2008 - Weekly Standard

  People would rather barbecue burgers with Barack Obama than with John McCain. While many are still deciding who should be president, by...
  2008-07-01 05:53:00