Do Loan Modifications Raise Debt?

Could it be that loan modifications are actually raising debt? I read a short article today by Dean Calbreath in the San Diego Union Tribune that stated yes, they are. Mr.Calbreath points out that more foreclosures could be prevented if, instead of … [Read more...]

Will Option ARM Resets Cause a National Crisis?

Are we in for a national crisis with option ARMs  resetting in the next several years, or it is all just a bunch of baloney? Option ARMs were the most popular types of mortgage product between 2003 and 2006, as they provided many borrowers who … [Read more...]

Promising New Mortgage Workout Plan in the Works

Hot off the wires: there is a bill pending that would help people facing foreclosures in their ability to work out  new mortgages. It would allow judges to authorize loan terms for primary residences after the owners have declared bankruptcy. This … [Read more...]

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