Mortgages Made Simpler (New York Times)
Obama administration proposals would require financial institutions to offer “plain vanilla” mortgages that even the most unsophisticated borrowers can understand.
Changes likely coming for reverse mortgages (The Charlotte Observer)
Q. This comment is in regards to your recent column about reverse mortgages. You told your readers that they can take between 50 percent to 70 percent of their equity in cash from a mortgage lender and that the money doesn't need to be paid back.
So Many Foreclosures, So Little Logic (New York Times)
Lenders lose much more money on foreclosures than on loan modifications. So why are they so hesitant to modify mortgages?
Why those who can pay walk away from mortgages (MENAFN)
Why those who can pay walk away from mortgages
Northern Rock offers mortgages to customers for first time since 2007 (Daily Mail: World News)
Its decision is being seen as another step towards an imminent sell-off to the private sector, by improving the quality of its loan book to make it more attractive to potential bidders.
Real Estate Weekly: Why those who can pay walk away from mortgages (Market Watch)
New research found that more than 25% of mortgage loan defaults are strategic -- that is, a quarter of homeowners who default on their mortgages are walking away from their homes even if they can afford to make their payments.
Home owners pay off mortgages by a record amount (Daily Telegraph)
Homeowners in Britain are using their spare cash to pay off their mortgages at a record rate amid the recession according to new Bank of England figures.
Homeowners pay-off record £8.1bn on mortgages (Times Online)
UK homeowners paid back a record £8.1 billion on their mortgages in the first three months of this year, as Britons took advantage of historically low interest rates to pay down debt.
Fortune shines on generation Y (Sydney Morning Herald)
Young suburban families with mortgages and secure jobs are likely to be better off than they were a year ago.
Rates coming down for pricier mortgages (seattlepi.com)
Rates for "conforming jumbo" mortgages have only recently come close to those for standard conforming loans.