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Second Mortgages

Dancing Around the Housing Crisis: A Response to Secretary Shaun Donovan

Elizabeth Lynch | Posted 05.25.2013 | Business
Elizabeth Lynch

Donovan must continue to monitor the progress of the Settlement with its goal in mind: to save families' homes from unnecessary foreclosure. With so few first lien modifications reported by the banks, it is clear that goal is not being achieved.

Even After Foreclosure, Texas Company Pursue Second Mortgages

The Huffington Post | Harry Bradford | Posted 05.30.2012 | Business

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 ...

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

Anna Cuevas | Posted 03.19.2012 | Business
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.

Homeowners With Second Mortgages Twice As Likely To Be Underwater

The Huffington Post | William Alden | Posted 08.07.2011 | Business

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

A Dozen Ways to Eliminate the Middle Class

Tom Shachtman | Posted 05.25.2011 | Business
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.

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

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

[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...

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 05.25.2011 | Business
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.