These Six Things Will Happen If Mortgage Rates Go Up
We've been worrying that mortgage rates would go up for years now, but it just hasn't happened yet. Sure, they're up a little bit from record levels, but not by as much as expected.
We've been worrying that mortgage rates would go up for years now, but it just hasn't happened yet. Sure, they're up a little bit from record levels, but not by as much as expected.
When mortgage lenders loan money they want to be assured that they will receive a steady income stream from their borrowers until the loan is paid in full. Even though they have the legal right to take the property back in the event borrowers don't pay as promised, foreclosures are used only as a last…
Cram down reorganization, a fundamental concept in bankruptcy law, allows a debtor to retain possession and use of collateral while reducing the principal value of the secured debt to the present value of the collateral. Inherent in creating this repayment plan is the need to determine the value of the secured collateral at the time…
M&F Bank can no longer tout that it has turned an annual profit every year since it opened its first branch in 1908. M&F Bancorp, the corporate parent of the Durham-based bank, one of the nation's oldest and largest African-American-owned financial institutions, announced late Friday that for the full year 2016 it posted a net…
Reverse Mortgage Solutions, Inc. Plaintiff, vs. John Doe , Name Unknown, the Unknown heirs, devisees, legatees, beneficiaries of Henry Findley and their unknown spouses and creditors; the unknown executor, administrator, or personal representative of the Estate of Henry Findley; and, the unknown spouse of Henry Findley, et al. Defendants. Case No. Foreclosure News
Housing costs Americans more than at any time in history, and it's only getting worse as foreclosures open the door to market-cornering by inconceivably vast hedge funds who buy all those “distressed properties” and turn then into bond-coupon factories where the rent ratchets higher and higher, well ahead of inflation, wages, or affordability. Necessity is…
Pentecostal evangelist Ernest Angley's Grace Cathedral church is being sued for more than $ 3 million on a defaulted loan taken by the church's broadcasting network, according to court records. The 39-page lawsuit filed Nov. 29 in Summit County Clerk of Courts by Beck Energy Corporation Inc. names Winston Broadcasting Network Inc. and Grace Cathedral…