In his must-read October 2009 paper “Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis“, Professor Brent T. White, of the University of Arizona, James E. Rogers College of Law, submits the case that homeowners should walk away from mortgage payments if their house is far enough “underwater” (mortgage [...]
Archive for the 'Mortgages' Category
Walk Away from Mortgage if Underwater: Professor Paper
Published by November 30th, 2009 in Mortgages. CommentsVA Loans Offer 100 Percent Financing
Published by June 4th, 2009 in Mortgages and advertorial. CommentsGUEST POST by Fred David, fred@vamcnews.com
Have you served in the military? Were you honorably discharged?
If you answered yes to both questions and you’re in the market for a new home, you’ll want to consider a VA Loan.
A benefit entitled to you from the VA, the VA Loan is the only 100% financing option left on [...]
Time for the 100 Year Mortgage?
Published by October 13th, 2008 in 100 Year Mortgage and Mortgages. CommentsI suggested the 100 year mortgage last year. Has the time finally arrived?
The 100 year mortgage is a modest proposal to help folks keep their homes out of foreclosure and spur home buying, with no adverse effect. It is based on the dual premise that people will buy (1) if they can afford to make [...]
Compare Mortgage Loan Rates Without Giving Personal Information
Published by April 25th, 2008 in Mortgages. CommentsSimply enter the loan amount, the purchase price (they say property value, which is a little confusing since the results show that value as the purchase price– see below) and your zip code and Mortgage Marvel serves up a list of mortgage lenders, with the interest rate, points, APR, and monthly payment.
What Banks Will Not Tell You: You May Not Be Liable for a Deficiency Judgment If You Walk Away From Your Mortgage
Published by February 29th, 2008 in Foreclosures, Legal, Mortgages and Real estate. CommentsMore and more Americans are facing a decision on mortgage debt they are unable to pay or refinance. Should I declare bankruptcy? You may not have to. You may be able to simply walk away from the mortgage. Most Americans fear making that choice.
The Bank Chase for a Deficiency Judgment
Most [...]
Credit Bubble: Mortgage Crisis Spreads to Other Consumer Debt
Published by February 12th, 2008 in Mortgages, Real Estate Economics and Real Estate News. CommentsIt’s not just sub-prime first mortgage borrowers who are falling behind in their payments. Rising delinquency rates are hitting home equity lines of credit, car loans and credit cards. These borrowers have good credit and were thought to be the bulwark against the sub-prime borrower risk. In the parlance of the [...]
Federal Reserve to Curb Mortgage Lending Abuses: More Rules for Those Who Hate Rules
Published by December 18th, 2007 in Mortgages. CommentsThe Federal Reserve proposed rules today to curb abusive lending practices. They think it may not be a good thing—you know, lenders giving loans to folks who can’t afford to repay them, which leads to foreclosures, which leads to bank losses, which leads to less lending, which leads to less buying, which leads [...]
