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Interest-only mortgage holders hit

Posted by mortgage 33 days ago (Editorial)
Next month's rate hikes are expected to increase the pressure on home owners on interest-only mortgages.

Ex-Fortis Holders Score Win In Claims Battle

Posted by mortgage 48 days ago (Editorial)
Ex-Fortis Holders Score Win In Claims Battle
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 ...
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 ...
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.

PSz

Posted by mortgage 295 days ago (Editorial)
Hungarian financial watchdog Pszaf has launched an online calculator to help troubled household mortgage holders, reports The Wall Street Journal.
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.
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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Mortgage How to Get is an informational resource about mortgage news and information.