Feb 28th 2011 4:00PM
A mortgages calculator is a popular way for many homebuyers to figure out which lending deal works out the best for their needs. But until the federal government fine-tuned Regulation Z, better known as the Truth in Lending Act, borrowers weren't necessarily getting all the information they needed to make an accurate... Continue Reading »
Jul 14th 2010 9:58AM
Frustrated by the efforts of the federal government, New York City comptroller John C. Liu, pictured left, and six unions will initiate a campaign today to encourage big lenders to increase measures to prevent foreclosures in the New York metropolitan area, according to The New York Times. In a letter drafted by the group,... Continue Reading »
Jul 8th 2010 9:20AM
A woman in her seventies called Clearpoint Credit Counseling Solutions because she could no longer afford her mortgage at a 6.75 percent rate and her house was underwater. The woman wanted to take advantage of the lower interest rates but couldn't refinance because she had no equity in the home. Karen Metoyer, a housing... Continue Reading »
Mar 25th 2010 9:40AM
A New Jersey man has finally gotten resolution from Bank of America, which 'lost' the man's mortgage payment, causing creditors to harass him and very likely trashing his credit rating. All this, despite the fact that the man had records of his cancelled check being cashed by BofA! First the bank nabbed a parrot in a... Continue Reading »
