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McCain's Mortgage Plan Calls for Lowering Rates for Homeowners (Bloomberg)
Oct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers, an adviser said.
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Upside-down on mortgage: Now what? (Lodi News-Sentinel)
Q: My husband and I live in a house that I own on my own. I paid $500,000 for the house in 2005. I took out a 100 percent loan with a 5-year fixed-rate first mortgage for $400,000 and an adjustable $100,000 home equity line of credit as the second loan.
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Majority backs McCain’s $300B mortgage plan (The Business Journal of Phoenix)
A majority of U.S. voters back a mortgage bailout plan forwarded by U.S. Sen. John McCain, R-Ariz., that would have the federal government buy distressed and upside down mortgages and refinance them so homeowners can avoid foreclosures and keep their homes.
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How high will hybrid mortgage go? (San Francisco Chronicle)
Q: I have a hybrid mortgage that is fixed for the first five years at 4.25 percent, and is tied to U.S. Treasury securities. The loan document notes that the index value is 2.1 and the margin is 2.75. The first "change date" on the loan is Nov. 1, 2009. My...
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Will mortgage plan help you? (The Nashua Telegraph)
The prospect of mortgage debt forgiveness will entice hundreds of thousands of homeowners into picking up the phone to play the home-preservation game of "Let's Make a Deal," beginning this fall. The federal government's Hope for Homeowners plan started Oct. ...
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Many troubled loans didn't require insurance (The Columbus Dispatch)
If the problem threatening to take down the economy is bad mortgages, then why isn't mortgage insurance taking care of it?
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Federal program offers debt relief for some (The Record)
The prospect of mortgage debt forgiveness will entice hundreds of thousands of homeowners to pick up the phone to play the home-preservation game of Let's Make a Deal, beginning this fall.
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Mortgage relief plans offer some help (The Monterey County Herald)
The prospect of mortgage debt forgiveness will entice hundreds of thousands of homeowners into picking up the phone this fall to play the home-preservation game of "Let's Make a Deal." The federal government's Hope for Homeowners plan started Oct.
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America's Luxury Foreclosure Capitals (Forbes)
California dominates our list of pricey zips with the most foreclosures.
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Got $700 billion? Sweat the details (International Herald Tribune)
The bailout bill is laden with all kinds of vague legislative guidelines and there are lots of details the next Treasury secretary will have to grapple with.
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