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bad credit home mortgage loans News

Banks Paying Homeowners a Bonus to Avoid Foreclosures: Mortgages - BusinessWeek


msnbc.com

Banks Paying Homeowners a Bonus to Avoid Foreclosures: Mortgages
BusinessWeek
Karen Farley hadn't made a mortgage payment in a year when she got what looked like a form letter from her lender. “You could sell your home, owe nothing more on your mortgage and get $30000,” JPMorgan Chase & Co. said in the Aug.
States Near Landmark Settlement on ForeclosuresCNBC.com

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Battle to save a home can be long, frustrating -- but not hopeless - Billings Gazette


Battle to save a home can be long, frustrating -- but not hopeless
Billings Gazette
For some people, suffering a long-term income loss or major expenses, there is simply no way to restructure a loan that they will be able to pay. Even in those cases, however, some measures can be taken to prevent bad credit -- by selling the home back ...

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Freddie Mac Good For Business, Bad For Homeowners? - NPR


Freddie Mac Good For Business, Bad For Homeowners?
NPR
An investigation by ProPublica and NPR sheds light on questionable practices by the government-owned mortgage giant Freddie Mac. Guest host Jacki Lyden speaks with NPR's Chris Arnold and Arturo de los Santos, who is trying to save his house.
Should you refinance again?MSN Money

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Nashville area's consumer debt level ticks higher - The Tennessean


Nashville area's consumer debt level ticks higher
The Tennessean
Geoff Butterworth, a manager at MyStudio in CoolSprings Galleria, took out $7000 in personal loans to help pay his mortgage and other bills after being laid off from his previous job. / Dipti Vaidya / The Tennessean » Paying bills on time, ...

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Obama's Mortgage Plan About Politics, Not Economics - U.S. News & World Report


Obama's Mortgage Plan About Politics, Not Economics
U.S. News & World Report
... current on their mortgage, regardless of credit score or negative equity. These plans are simply bad housing policy. First, there is no evidence that giving loan modifications to performing borrowers will make any difference to mortgage defaults, ...

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At least 8 more years in prison for NY mortgage scammer who then planned to ... - Washington Post


At least 8 more years in prison for NY mortgage scammer who then planned to ...
Washington Post
NEW YORK — Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said. So from behind bars, he plotted to have a key witness against him killed.

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