Questions and answers about what the foreclosure-abuse deal will and won't do - Washington Post

USA TODAY

Questions and answers about what the foreclosure-abuse deal will and won't do Washington Post That means they owe more on their loan than their home is worth. Many are struggling to make their payments and are at risk of foreclosure. Yet because they have no home equity, they've been unable to refinance into a lower-rate loan. Questions and answers on the mortgage settlementUSA TODAY Foreclosure Settlement Falls Short, Still Worth the Wait: ViewBloomberg Banks in $25B deal to settle foreclosure abusesCBS News MPBN News -Salon all 3,602 news articles »

Questions and answers on mortgage settlement - Tucson Citizen

The Star-Ledger - NJ.com

Questions and answers on mortgage settlement Tucson Citizen •At least $10 billion for reducing principal on loans for borrowers who are either delinquent or at imminent risk of default and are underwater — meaning they owe more on their mortgages than their homes are worth. . •At least $3 billion for ... Meet the Obscure Federal Regulator Who's Not Helping HomeownersProPublica all 256 news articles »

Pimco Says Foreclosure Deal Cheap for Banks, Costly for Pension Investors - Bloomberg

Bloomberg

Pimco Says Foreclosure Deal Cheap for Banks, Costly for Pension Investors Bloomberg Investors have criticized servicers for allegedly basing decisions on loan modifications on their ownership of second- lien home-equity debt, which foreclosures can wipe out. Another allegation is that banks have hindered efforts to force repurchases ... and more »

As Mortgage Refinancings Surge, Banks Struggle - CNBC.com

Bloomberg

As Mortgage Refinancings Surge, Banks Struggle CNBC.com “There was a lot of pent up demand,” said Bank of America spokesman Terry Francisco of the recently revamped Home Affordable Refinance Program (HARP 2). The newest incarnation removes the cap on negative equity, so borrowers who owe more than 125 ... Feds Expand Mortgage Loan Modification Eligibility Under HARPExec Digital (press release) all 54 news articles »

Expert advice on your questions - Charlotte Business Journal

Expert advice on your questions Charlotte Business Journal Initial strategies are your “insurance options” — credit cards, lines of credit or a home-equity loan. Once those are in place, create a budget line item and diligently fund it while maintaining the insurance options. Routinely review uses of the fund ...