Personal Lending

Although many properties that are currently in foreclosure have little equity or are actually upside-down (the homeowners owe more on the loan than the home is worth), a significant number of homeowners have a large equity position in their houses. But when the bank forecloses and attempts to bring the property to a sheriff sale, [...]

More people in America are missing payments on their home equity loans than at any time in this decade, Moody’s Investors Service said on Dec 13th, showing how the U.S. housing crisis has spread to many loans that were once generally considered safe. Moody’s U.S. Home Equity Index Composite showed that the number of loans [...]

With the current foreclosure crisis in America still ongoing, it is becoming a common practice for people, qualified or not, to offer their explanations for what has caused such a meltdown in the mortgage industry and steep declines in property values. Many of the reasonings offered are well thought out and serve to highlight various [...]

There is an epidemic, a financial pain. $6 billion dollars annually is spent on Health Care and indirect costs associated with preventable accidents in the province of Ontario. Other provinces and states have similar staggering statistics. Think about it, the next time you drive by a hospital, the only people in there by choice, are [...]

What seems to be the topic of interest today in the media? We can not go a day without hearing something in the news that foreclosures are at an all time high, the market is falling apart. So the big question is what is really happening in today’s market? Let’s cover two topics here; what [...]

Mortgage industry is playing an important role today to meet the people’s needs. The industry is constantly engaged in making changes and bringing new ways to assist people in some of their most important personal and financial decisions. The industry is involved in making changes to suit people’s requirements keeping in mind their financial conditions. [...]

With so many Americans facing foreclosure, a new industry has appeared. Wow, read this one carefully and understand how it works, so that you, your loved ones and friend are not duped into this quagmire. First off, when a family is experiencing difficulties with their house payments, it is a combination of a bunch of [...]

Obviously, the drawbacks of losing a home to foreclosure are much greater and more numerous than any benefits. However, homeowners may experience some positive aspects of facing foreclosure. A financial crisis which leads to the possible loss of one’s property provides a number of opportunities for the foreclosure victims to learn important lessons about their [...]

The U.S Council of Mayors published a very upsetting report. This report informs about the impact of the ongoing problems of the housing market on member communities. This report was presented at a conference attended by several community groups and mortgage industry members. Global Insights, who prepared the report, estimated that almost 361 Metropolitan areas [...]

The recent report released by Mortgage Bankers Association on Mortgage Foreclosure numbers, revealed that at present the mortgage market is involved in the most awful foreclosure crisis in the recorded history. It is almost 15 percent of the sub prime borrowers defaulted and the prime borrowers have started to follow suit. During the last few [...]