Morgage Payments - Info About Mortage Payments

We bring you here a list of recently published news items regarding the subject of morgage payments.

Recently Published  Mortage Payments Articles and News

Mortgage payments continue lag in '09 (Fort Wayne Journal Gazette)The rate at which people are falling behind on their mortgage payments went up for the ninth consecutive quarter in the first three months of 2009, and is expected to keep rising through the end of the year, according to credit reporting agency TransUnion.

Homes Are Dropped As Paperwork Piles Up in Mortgage Restructurings (Builder Magazine)Jun. 7--Ray Rodriguez's mortgage bank told him in March he's eligible for a government-supported mortgage loan restructuring that would make his monthly mortgage payments affordable, clear his loan's delinquent status and let him keep his family in their home.

The pros and cons of buying short-sale homes (Reno Gazette-Journal)The prospect of foreclosure and its accompanying credit record stigma was once the only option for homeowners who were upside down and could no longer make their mortgage payments.

The Good News: Bath Remodels Remain Tops for ROI and Enjoyment (Purcell Register)(ARA) - National foreclosure statistics can be downright frightening - until you realize that despite record increases in foreclosure rates, the majority of American homeowners are still making their mortgage payments.

Repossession threat for sub-prime borrowers (InsideHousing)The poll of 1,212 sub-prime homeowners showed that 22 per cent are struggling with or falling behind on monthly mortgage payments, with many forced to borrow from friends and family, use credit cards and take out loans.

Fannie Mae program to help owners avoid foreclosure is cut back (Seattle Times)Early last year, Fannie Mae began offering a surprising option for struggling homeowners: an unsecured personal loan of up to $15,000 to cover missed mortgage payments. But vast numbers of borrowers who took out these loans ultimately defaulted. And though still in operation, that program, called HomeSaver Advance, is being de-emphasized.

Mortgage delinquencies expected to keep rising (Seattle Times)Credit-reporting agency TransUnion reported that the rate at which people are falling behind on their mortgage payments went up for the ninth straight quarter in the first three months of 2009, and is expected to keep rising through the end of the year.

Top court to decide bankruptcy advice case (USA Today)The Supreme Court said Monday that it would decide the constitutionality of a section of the U.S. bankruptcy code that barred attorneys from advising clients to take on more debt while contemplating a bankruptcy filing.

Keeping your house through mortgage restructuring (The Florida Times-Union)Ray Rodriguez's mortgage bank told him in March he's eligible for a government-supported mortgage loan restructuring that would make his monthly mortgage payments affordable, clear his loan's delinquent status and let him keep his family in their home. "They told us they would call us and give us three offers," Rodriguez said of the first bank. "They never called us." Instead, he's heard from ...

1Q credit card delinquency rate jumps 11 percent (AP via Yahoo! News)Credit card holders who in ordinary years might have used their tax refunds to pay down their balances apparently spent the money elsewhere as the recession deepened in the first quarter.