Articles about loans

Foreclosures have continued to increase rapidly and it is expected that this scenario will remain even in 2010 mainly due to the aspect of increasing unemployment coupled with the increasing number of loans with adjustable rates that have been reset to higher repayments each month. During the 3rd quarter of this year the number of [...]

Almost all borrowers taking loans under this option since 2004 to 2007 waned to pay lesser interest while the unpaid amount gets added to the balance. This resulted to a shocking situation for most borrowers. Loan balances, for these borrowers keeps on rising at such a time when the values of homes are falling according [...]

As per the consequences of the meltdown of the mortgages, few lenders have currently attempted to help homeowners retain their homes with some aid from the central government. Homeowners have to go through the process of foreclosures when all other methods fail.
The process of foreclosure is legal in nature and the lenders have to resort [...]

There are numerous such families like the Doyle’s who are in such a distressed condition and according to Craig Obama’s venture with loan modification has literally been unable to improve the conditions. Contrarily, a Chase representative, Jennifer Zuccarelli, commented that there has been some misunderstanding regarding the Doyle family case and [...]

Connecticut, a state that is ideally situated in the New England region of north-eastern USA is today a victim of foreclosures. There has been a tremendous rate of house foreclosures in the cities of Connecticut and the worst sufferer is the Windham County. Even after this, the foreclosures and distress sales of this state are [...]

Rising foreclosures are affecting state economies and the after effects are being felt in every quarter.

Real estate analysts predict that the situation will start improving post 2009, although foreclosures will continue to take place throughout the decade. In the meantime however every kind of credit quality is experiencing delinquency in payments where earlier subprime [...]

According to the Mortgage Bankers Association in USA, about one million homes are in the state of foreclosure. A huge number of people have become homeless due to non repayment of home loans. The first quarter report published by the Mortgage Bankers Association has showed that the foreclosure process of millions of homes have been [...]

The decline in home prices has been a much discussed topic in recent times. In metropolitan areas the effect of this fall is being felt acutely in neighbourhoods dominated by low income families or minorities. Areas in the outer suburbs have also been hard hit.

The situation is being attributed to the high number [...]

Today Texas ranks 17th in the nation on foreclosure rates. Compared to states like California, Florida and Ohio the rate of increase in foreclosures in this state is not disturbing. In fact experts consider it to be quite stable. Here for every 809 households, one may face foreclosure. Nationally, however, one in every 519 households [...]

The number of foreclosures in Hawaii has increased dramatically, with the state having climbed up to reach rank 36, as revealed by a nationwide survey. This is an increase of over 300% more than the recorded rate that is usual for Hawaii. At least a couple of years back, Hawaii was much lower in the [...]