If collections made a debt settlement offer or a company made a foreclosure rescue offer read this first Our material is dedicated to the financial crisis of 2007, documenting the period before, during, and after. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. We are a watchdog and consumer advocacy organization.
Even with the Fed lowering their rate to 2%, interest on fixed rate mortgages has steadily risen. The relief is slow in coming and with borrowers desperate for any improvement however slight, the deck is stacked against them. There are so many trying to refinance away from their adjustable rate mortgages that they are [...]
The surge in foreclosures in the country is all the news. I lost count of the number of internet sites that offer subscriptions for foreclosure lists. Paying for free information seems like one more way to lose money in the subprime meltdown. Registering at some of those sites involve paying for [...]
Whether you call him Senator John McCain or Presidential candidate John McCain, the man is correct regarding his assement of Wall Street and the subprime mortgage crisis. “Wall Street is the villain in the things that happened in the subprime lending crisis and other areas where investigations and possible prosecution is going on,” McCain [...]
Should we balance the nation’s budget or should we pay down the national debt? It would be nice to do both but that is not going to happen. Instead, thanks the most inept bipartisan government in history, we have mortgaged our future and the future of our children for generations to come. [...]
It looks like Lehman is forming a relationship with non-performing loans and the debt collector. Italian bank Banca Monte dei Paschi di Siena said on Wednesday it would sell a 30 percent stake in a unit that manages and recoups non-performing loans for 30 million euros ($47.20 million) to Lehman Brothers’ European [...]
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