borrowers

House hearing spotlights mortgage rescue plans

admin — Wed, 12 Nov 2008 10:17:01 -0600

Rep. Barney Frank, chairman of the House Committee on Financial Services, highlighted the need for a bailout program for troubled homeowners on Wednesday. But he stressed that not all borrowers should necessarily be rescued.

Your Money: Negotiating Better Terms for Mortgage

admin — Tue, 11 Nov 2008 21:28:44 -0600

Banks may be willing to negotiate with borrowers who are current with their payments, even if they aren’t promoting it aggressively.

How the global crisis boosted the yen

admin — Mon, 27 Oct 2008 14:25:29 -0500

The yen has long been the source of low-interest capital for big borrowers from around the world. Then the global financial crisis hit. Senior Business Correspondent Bob Moon explains what happened next.

The Debt Trap: Banks Mine Data and Woo Troubled Borrowers

admin — Wed, 22 Oct 2008 10:14:54 -0500

Businesses are creating detailed profiles of the financial lives of Americans and selling that information to banks.

Did poor minorities cause the crisis?

admin — Fri, 10 Oct 2008 19:45:00 -0500

Cable TV has been airing nonsense about unqualified borrowers who got loans as a form of economic affirmative action. Such baiting tactics belong back in the racial Stone Age.

McCain mortgage plan shifts costs to taxpayers

admin — Wed, 08 Oct 2008 12:02:37 -0500

Under a mortgage rescue plan announced at the debate Tuesday night by Senator John McCain, much of the burden of paying to keep troubled borrowers in their homes will shift to taxpayers.

5 mortgage costs to watch out for

admin — Thu, 02 Oct 2008 00:01:00 -0500

The credit crunch has lenders looking for more ways to ding borrowers at closing time. With vigilance, you can avoid or reduce these common add-on expenses.

How the Fannie and Freddie takeover affects you

admin — Mon, 08 Sep 2008 15:21:00 -0500

The Feds want mortgages to remain available at good rates to creditworthy borrowers. That's good news. But don't expect easier jumbo mortgages or home equity loans.

Private student loans tougher to find

admin — Mon, 25 Aug 2008 20:11:23 -0500

Though some lenders are still offering private student loans, "The list is shrinking," says Kevin Walker, chief executive of SimpleTuition, a website that allows borrowers to compare loan rates. Last year, he says, SimpleTuition featured 77 lenders on its website; now, it has only 16.

Mortgages: Higher Fees for Mortgages

admin — Sat, 23 Aug 2008 18:23:30 -0500

Fannie and Freddie increased the fees they charge lenders for many loans, effectively bumping up interest rates for many borrowers who have marginal credit.