All Posts Tagged With: "credit card"
Is it good not to pay your mortgage loan?
Is it a good thing if you don’t pay your mortgage? The usual answer is a fat “no” after which comes a discussion of foreclosures, diving credit scores, ugly credit reports, deficiency judgments, loan denials and higher interest costs for mortgage loans and automobile financing. And yet there’s a strange and somewhat logical theory floating [...]
25May2011 | Peter G. Miller | 1 comment | Continued
Can We Predict Mortgage Loan Walk-Aways?
It’s generally estimated that about a third of all mortgage foreclosures are simply voluntary, people who can afford their monthly payments but throw in the financial towel and make a strategic decision to walk away from their homes and loans. Now a new system says it can predict who will walk and who will stay. [...]
25Apr2011 | Peter G. Miller | 0 comments | Continued
JP Morgan Chase Meltdown Highlights Need to Protect Military Borrowers
Lending giant JP Morgan Chase is refunding 4,000 military members about $2 million after violating provisions of the Servicemembers Civil Relief Act, a landmark piece of legislation that provides foreclosure safeguards for those who serve. Chase officials have acknowledged the mistakes and say they are in the process of rectifying the problems. The company also [...]
31Jan2011 | Chris Birk | 0 comments | Continued
The Mortgage Modification That Hurts Borrowers
Our lender has modified our mortgage. That sounds pretty good because mortgage modifications are in the news and some people very much need new rates and terms. But in this case, what’s happened is this: Out of the blue and without any other notice our lender has cut off our home equity line of credit [...]
7Apr2010 | Peter G. Miller | 0 comments | Continued
Mortgage Qualifying Improved With Credit Card Change
It’s being widely reported that the Bank of America has decided to eliminate overdraft fees for debit cards. This is a mortgage issue, a consumer issue and a common sense issue that should concern anyone who wishes to finance or refinance a home. New rules from the Federal Reserve will make it more difficult for [...]
10Mar2010 | Peter G. Miller | 0 comments | Continued
Credit Cards Or Mortgages: Which To Pay First?
Conventional wisdom has it that folks will use their last dollar to pay their mortgage while other bills remain unpaid, but a new study says otherwise. A new study by TransUnion, the big credit reporting agency, says there is now a new payment hierarchy where consumers pay their credit cards before their mortgages. “The percentage [...]
4Feb2010 | Peter G. Miller | 0 comments | Continued
© Copyright 