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Foreclosure Crisis – Who’s To Blame?
There is an on-going debate about who is to blame for the current mortgage foreclosure crisis. The NY Times has just reported on the issue, stating that a lot of the blame is being placed on mortgage brokers. Mortgage brokers, in turn, say that lenders’ loose lending requirements in 2005 is responsible. From what I […]
Foreclosures Are Increasing
Foreclosure filings are up more than 57% from a year ago and it is expected that many people will continue to face trouble as adjustable rates re-set. I have clients calling me daily who say that their payments have increased to the point where they cannot afford their own house. Some payments have doubled. The […]
Foreclosure Crisis – Who’s To Blame?
/in Foreclosure & Loan Mod Blog /by Scott LaninThere is an on-going debate about who is to blame for the current mortgage foreclosure crisis. The NY Times has just reported on the issue, stating that a lot of the blame is being placed on mortgage brokers. Mortgage brokers, in turn, say that lenders’ loose lending requirements in 2005 is responsible. From what I […]
Foreclosures Are Increasing
/in Foreclosure & Loan Mod Blog /by Scott LaninForeclosure filings are up more than 57% from a year ago and it is expected that many people will continue to face trouble as adjustable rates re-set. I have clients calling me daily who say that their payments have increased to the point where they cannot afford their own house. Some payments have doubled. The […]