Second Mortgages

Even After Foreclosure, Texas Company Pursue Second Mortgages

The Huffington Post | Harry Bradford | Posted 05.30.2012

Read More: Debt Collector, Foreclosure Crisis, Borrower, Video, Lender, Heritage Pacific Financial, Debt Collection, Mortgage Crisis, Mortgage Fraud, Ahmed Abdelfattah, Foreclosure, Second Mortgages, Business News

If there’s any upside to foreclosure it’s the relief that comes with no longer being in debt. But one Texas company seems to be testing even that ...

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HAMP's Second Lien Modification Saves Fewer Than 50% of Second Mortgages

Anna Cuevas | Posted 03.19.2012

Read More: Save Your Home, JPMorgan Chase, Hamp, Loan Modifications, Mortgage Modification, Wells Fargo, Anna Cuevas, Ally Financial, Mortgage Crisis, Bank of America, Second Lien Mortgages, Second Mortgages, Citigroup, Business News
Anna Cuevas

Through the 2MP initiative, services of second mortgages have the option to modify the lien or to extinguish it -- which is an admission that the mortgagor is not likely to be repaid for the second mortgage, and they clear their interest in the property by filing a lien waiver.

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Homeowners With Second Mortgages Twice As Likely To Be Underwater

The Huffington Post | William Alden | Posted 08.07.2011

Read More: JPMorgan Chase, Subprime Mortgages, Mortgage Settlement, Wells Fargo, Home Prices, Economic Crisis, Mortgage Crisis, Bank of America, Business News, Homeowners, Foreclosure, Citigroup, Second Mortgages, Business News

Having one mortgage is hard enough amid a historic housing slump, but Americans with two mortgages have it even harder. Homeowners who treated thei...

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A Dozen Ways to Eliminate the Middle Class

Tom Shachtman | Posted 05.25.2011

Read More: Debt, Greed, Debit Cards, Retirement, Economy, Middle Class, Congress, Pension Plans, Government Action, Dividends, China, Mortgages, Credit Cards, Consumer Goods, College Tuition, Middle Managers, Interest Rates, Unions, Health Care Costs, Second Mortgages, Business News
Tom Shachtman

Cleaning out my files at year's end, I came across notes that I wrote in early 2002 on a dozen ways to eliminate America's middle class through the actions of government and private industry.

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Brad Miller: Politician Wants To Level The Playing Field For Homeowners

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Conflict of Interest, Hamp, Brad Miller, Making Home Affordable, Mortgage Servicers, Liens, Financial Reform, Banks, Foreclosure, Obama, Wall Street, Second Mortgages, Underwater Mortgages, Business News

[Rep. Brad Miller] is worth getting to know, not only because of his deep concern about the foreclosure epidemic, but also because he has made a compe...

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Shahien Nasiripour

JPMorgan Chase, Citing Sanctity Of Contracts, Argues Against Mortgage Modifications

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, Mortgage Modifications, Wells Fargo, Alan White, Bank of America, Mortgage Crisis, Jamie Dimon, Principal Writedowns, JPMorgan Chase, Loan Modifications, Principal Cuts, Financial Crisis, Junior Liens, Citigroup, Second Mortgages, Business News

With millions of homeowners losing their homes to foreclosure during this recession, megabank JPMorgan Chase plans to argue against the Obama administ...

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Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 05.25.2011

Read More: Household Finance, Main Street and Wall Street, Chartered Financial Consultant, Banking Collapse, Bailouts, Card Balance, Cnbc, Maria Bartiromo, Injured People, Steve Wynn, Lexington KY, Lottery Winners, Second Mortgages, McNay Settlement Group, Trial Lawyers, Son of a Gambler, Big Brother, Consumer Loans, Gretchen Peters, Bookmaking, Furniture Loans, Andrew Kahr, Mgm, Joe Nocera, MGM Mirage, New York, Fox Business News, Las Vegas, Clu, Dave Ramsey, Louisville, Million Dollar Round Table, India, Credit Card, Sports Betting, A Piece of the Action, Lake Tahoe, Small Business, Credit Card Data, Certified Structured Settlement Consultant, Main Street, Federal Reserve, South Dakota, Bank Products, Christina Binkley, Cincinnati, Betting, Financial Crisis, American College, Personal Finance, Casinos, Msfs, Structured Settlement, Pay Off the Balance, Chfc, Federal Reserve Study of Consumer Finance, Car Loans, Kentucky, Don McNay, Chartered LIfe Underwriter, First Deposit Corporation, Reno, Structured Settlements, Business Books, Cnn, Credit Cards, Subprime Mortgages, Small Town Banks, Vanderbilt University, Bank Bailouts, New York Banks, Eastern Kentucky University, Fox News, New York Times, Harrah's, New York Times Columnists, Cssc, Richmond Ky, Odds Makers, Too Big to Fail, Winner Takes All, Harrahs, Providian, Business News
Don McNay

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.

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