Harrop: Freeing predators to bilk little people hurts everyone
The most vivid takeaway from the financial meltdown of 10 years ago was that nearly everyone got hurt. Stock investors took a beating.
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FHA losing customers rapidly as premiums spur refinancing
ByadminThe Federal Housing Administration's financial health is benefiting from continued reductions in delinquencies and foreclosures, but the FHA is also losing some of its best customers at a fast clip. The “serious” delinquency rate on FHA-insured home loans dropped to 4.28% in the third quarter of fiscal year 2017, according to an FHA quarterly report…
Existing Home Sales Weakness Blamed on Same Old Problem
ByadminExisting home sales slipped in June, with the blame again placed on low levels of inventory . The decline in sales, announced on Monday by the National Association of Realtors , was anticipated, as pending home sales have decreased in each of the previous three months, ticking down by 0.8 percent in May. NAR said…
Troy foreclosure auction has impact on city’s history
ByadminDoubling the size of a National Historic Site doesn't happen often, but there's a chance a foreclosure auction may help the Kate Mullany National Historic Site at 350 Eighth St. in Troy, N.Y., pull it off. Mullany was an Irish immigrant who in 1864 organized 300 women to form the Collar Laundry Union, the country's…
OPED: Don’t fall victim to reverse-mortgage con
ByadminA reverse mortgage will cause you to lose your equity. The cash flow you accept, perhaps 20 percent to 50 percent of your home's value, will be all you ever get by the time the bank owns your home. Foreclosure News
Evicted: Loan scheme costs couple their San Mateo home
ByadminAfter a chemotherapy treatment earlier in the day, Robert Sexton sits in a chair with a breathing device at his home on Thursday, June 8, 2017, in San Mateo, Calif. After living in their home for almost 42 years, the Sextons lost the house to foreclosure at the hands of an unscrupulous loan modification firm….
New tool by Harvard Law lets people explore language usage in caselaw
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