Home Mortgages

JPMorgan Interest-Only Loan Periods: Bank Works With Administration On Breaks For Borrowers

bloomberg.com | Jody Shenn and Dawn Kopecki | Posted 10.13.2009 | Business


Banks will push the Obama administration to expand its mortgage-modification program to allow interest-only periods on reworked loans, seeking to brin...

Is Credit Evil?

Don McNay | Posted 11.29.2009 | Business


Don McNay

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

Where is Maury the Accountant?

Miles J. Zaremski | Posted 03.09.2009 | Politics


Miles J. Zaremski

Why can't Obama, or even those who oppose him on his economic plan, tell us, line by line, what all is contained in the package, and why his administration says we need it!

The Missing Debate on Poverty

Linda Basch | Posted 11.09.2008 | Politics


Linda Basch

The candidates' strategic messages on the welfare of the middle class were loud and clear during the debate, but it was their silence on poverty that was truly deafening.

Late Car Payments Now Total $25 Billion; US May Lose 700 Dealerships This Year

Steve Parker | Posted 11.08.2008 | Business


Steve Parker

The number of people late on their monthly car and truck payments is huge, represented by nearly $25 billion worth of consumer auto loans that are delinquent.

Mortgage Debt Snowballing While Congress Debates Home Rescue Bill

New York Times | VIKAS BAJAJ | Posted 07.06.2008 | Business


When Congress started fashioning a sweeping rescue package for struggling homeowners earlier this year, 2.6 million loans were in trouble. But the pro...

Ben Bernanke Got Punk'd

Motley Fool | Rick Aristotle Munarriz | Posted 04.02.2008 | Business


Yesterday's fivefold increase in JPMorgan's (NYSE: JPM) bidding price for the Al Capone vault that Bear Stearns (NYSE: BSC) has become is as shocking...

Not So Fast On Mortgage Solutions

Washington Independent | Charles R. Morris | Posted 04.02.2008 | Business


A drumbeat is building for some form of federal takeover of troubled home mortgages. Sen. Chris Dodd (D-Conn.) is leading the charge in the Congress, ...

"Subprime" Is Word Of The Year

AP | Sophia Tareen | Posted 03.28.2008 | Business


Even the American Dialect Society knows how risky home mortgages are these days. The group of wordsmiths chose "subprime" as 2007's Word of the Year a...

Freddie Mac Coughs Up $50 Mil To Settle Fraud Charges

AP | Marcy Gordon | Posted 03.28.2008 | Business


Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by ...