LOS ANGELES – Somewhere on Earth, there must be a more difficult task than persuading mortgage companies to lower payments for homeowners who can no longer afford their loans. But Karina Montenegro strains to imagine a more futile pursuit. An intern …
LOS ANGELES – Somewhere on Earth, there must be a more difficult task than persuading mortgage companies to lower payments for homeowners who can no longer afford their loans. But Karina Montenegro strains to imagine a more futile pursuit. An intern …
We find that 26% of the existing defaults are strategic. We also find that no household would default if the equity shortfall is less than 10% of the value of the house. Yet, 17% of households would default, even if they can afford to pay their …
LOS ANGELES – Somewhere on Earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina Montenegro struggles to accomplish this feat …
I n a blaring online video making the rounds in some real-estate circles, two men wearing black shirts denounce changes in the way properties now get appraised. The men verbally blast a set of national reforms called the Home Valuation Code of …
Last week, U.S. mortgage rates were mixed, in terms of rise / fall. The average rate on 30-year fixed-rate mortgages rose still further above 5%, according to Freddie Mac’s weekly survey of mortgage rates, while other rates dropped, or rose, unevenly …
The final touches are on the Obama Administration’s further-regulation plan for the financial services industry. It’s almost certain that it won’t be seriously blocked, even if there’s some whittling around the edges. Not after last year’s crisis …
Bad debt to remain on banks’ balance sheets To worsen if jobless rate rises NAB share price : Check the latest National Australia Bank chief executive Cameron Clyne says rising bad debt levels will be feature of most banks’ results over the “next …
It’s not working. The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis is a huge bust. The financial moguls, while tickled pink to have $1.25 trillion in toxic assets covered by the feds, along with hundreds of …
According to Freddie Mac, a 30-year, fixed-rate mortgage averaged 5.38 percent last week. Comparatively, the 30-year rate was 4.82 percent during the week of May 21 and 4.78 the last week in April, the government-run mortgage company reported. The …
