Next month's rate hikes are expected to increase the pressure on home owners on interest-only mortgages.
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Interest-only mortgage holders hit
Posted by mortgage 33 days ago (Editorial)Ex-Fortis Holders Score Win In Claims Battle
Posted by mortgage 48 days ago (Editorial)
Ex-Fortis Holders Score Win In Claims Battle
Twice as Many Mortgage Holders Save Rather Than Pay Down Their Debt
Posted by mortgage 114 days ago (Editorial)
LONDON, January 30, 2012 /PRNewswire/ --Despite recent research showing that overpaying on a mortgage offers better longer term rewards than saving, twice as many mortgage holders save regularly rather ...
Jumbo mortgage holders pose highest risk of strategic default
Posted by mortgage 192 days ago (Editorial)
A high number of jumbo mortgage owners ? many located in high-cost markets hit by real estate deflation over the last several years ? are stuck with persistent negative equity, a study shows. Do you have a big mortgage and good credit scores but not much equity ? maybe you're even underwater? Do you see little chance that your home's market value will improve a lot during the coming three to ...
Most OK, but 'sizable minority' of mortgage holders face stress if rates rise
Posted by mortgage 195 days ago (Editorial)
OTTAWA - The vast majority of Canadian homeowners are in position to withstand an increase in interest rates, but it may present difficulties for a "sizable minority," an industry group for mortgage lenders said Wednesday.
Hungarian financial watchdog Pszaf has launched an online calculator to help troubled household mortgage holders, reports The Wall Street Journal.
Checks are in mail to mortgage holders overcharged by Countrywide
Posted by mortgage 307 days ago (Editorial)
More than 450,000 borrowers overcharged by the Countrywide mortgage lender when they fell behind or defaulted on their home loans are receiving refund checks under last year's $108 million settlement with the Federal Trade Commission.
Countrywide Wages Victorious Tranche Warfare Against Mortgage Debt Holders
Posted by mortgage 320 days ago (Editorial)
Investors who sued over $351 billion in downgraded Countrywide Financial Corp. mortgage-backed securities after the 2007 subprime market collapse may have to settle for less than 1 percent of what they initially sought.
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