According to a survey in 2006 Detroit recorded the highest high-cost mortgages in the previous year. A community activist organization, Acorn, has been studying in depth the fall out of mortgages. They have concluded that relatively more Afro-American and Hispanic borrowers have been victims of high-cost mortgage schemes in comparison to the whites. Thus more [...]

So far the going has been good for those with poor credit to try and own a house. In the sub-prime market not many questions had been asked and loans had been easy. But with the foreclosure raging through the country mortgage lenders have been tightening their belts making it difficult for house loans to [...]

Government officials together with executives from prime mortgage lending firms of Massachusetts are to meet today to discuss avenues of escape for the victims of foreclosures. Dan O’Connell, the secretary of Housing and Economic Development of the Patrick administration has taken the initiative. He corresponded with executives of top ten mortgage firms in Massachusetts asking [...]

Bankers are watching and waiting with uncertainty the snowballing effect of the sub-prime tsunami crisis. Even though April provided a breather by a dip of 1% in foreclosure listing, it was still up by 62% compared to last year. Even then it will be far above the average of last year. Statistics pouring in show [...]

Buying homes in foreclosure is the idea which seems to be very appealing to many of the people. It is not easy for people to buy a new home in these days. The cost of living has increased manifold as compared to the last few decades and the pace of life is now much faster. [...]

Home mortgage is catching up these days. A dream home is a desire of every married couple. The very first step towards settlement of ones life is when an individual purchases a home. Purchasing a home is a big investment for a lifetime. Many people have to save for years before they can consider buying [...]

A car is one of the necessities of modern day America. Buying a car is always not possible with our own funds and hence we have to opt for auto loans which can be paid in installments. Almost all banks and lending institutions offer auto and motorcycle loans. There can be three types of loans [...]

There are many people that want to take advantage of the low interest rates that are being offered on many different types of loans. With the interest rate reduction, homeowners will be able to reduce their house notes, and for those individuals who are currently making large automobile payments, the lower interest rates will be [...]