Posts with tag second mortgages

Ever wonder why banks have been so slow to modify home loans on the brink of foreclosure? I have. Well, part of the answer may have just been revealed in a recent story in London's Financial Times. The story is about the resistance of some investors to get back into real estate, especially as the federal government winds... Continue Reading »

Late on your mortgage? Did you know you might be able to negotiate a 20 percent reduction in what you owe? Josh Rosner, a financial analyst specializing in mortgage-backed securities, says that lenders know that if a home goes into foreclosure, the lender will lose 60 percent or more. So what's stopping them? The banks... Continue Reading »