Topic: Mark Zandi
The first group of defaulters were individuals who were conned into buying houses at teaser rates and had a very hard time making payments when rates reset to market rates. "Strategic" defaults accounted for at least 12 percent of all defaults in ...
Washington is finally realizing that there are two types of mortgage investors and you usually can't help one without hurting the other. The contract language legislators found so offensive was designed to protect all investors against a very rare occurrence, since it ...
New mortgage relief program a rescue line for limited number of homeowners, challenge for FHAQuestions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from ...