Refinancing your mortgage may be the best option to get the money you need or get your finances back on track. However, there are a few things you should know before you dive head first into the wor…

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Anyone trying today to obtain a new mortgage or attempting a mortgage refinancing of their existing home, quite often mistakenly believe that their inability to obtain a loan is owing entirely to the …

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Guest Opinion from Blogger Gregory Lobo Jost: Yesterday I had the opportunity to tesify in front of the House Appropriations Subcommittee on Financials Services and General Goverment. Congressman Jose Serrano is the Chair of this Subcommittee and had this to say about the hearing in his newsletter:”All consumers are at risk of being victimized by financial predators…Each year countless working class parents who are struggling to achieve the American dream tragically have their hopes of upward

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Mortgage rates at Hawaii’s three largest banks held steady this week, as the average rate nationally for a 30-year fixed-rate loan rose by nearly a quarter of a percentage point.

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Or at least I thought so. Am I missing something? Why would anyone pay points on their mortgage? A couple days ago, a friend asked me to fax some papers for her. She is divorced and finally refinancing into a mortgage of her own. The house is hers and this is only right. She has been making the payments since the divorce alone. These pages were to lock in a rate. Typical, I think this is

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Everybody wants to help keep people in their houses and out of financial stress and foreclosure, right?

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Mr. Crab is heading back to Iraq in April. This will be my NINTH tour of duty in Iraq since 2003. But for the first time, I will NOT be traveling there for USA Today. I cannot yet reveal my new client because the project is embargoed. I’ll post more when I return. Also, Mrs. Crab will be coming with me! Well, part of the way anyway, to Istanbul, Turkey, before we go our separate ways. Yesterday I also got not one but TWO job offers, one in London and one in Miami. Unfortunately, I had to tu

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An enormous amount of ink has been spilled on the mortgage market crisis, and I have contributed my share. Yet I am now convinced that the most important factor underlying the crisis has been overlooked, even though it has been in plain view all along.

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More and more Americans are facing a decision on mortgage debt they are unable to pay or refinance. Should I declare bankruptcy? You may not have to. You may be able to simply walk away from the mortgage. Most Americans fear making that choice. The Bank Chase for a Deficiency Judgment Most Americans believe if they walk away from their mortgage payments, the bank will foreclose, the house sold and they will still be liable for the balance of the loan debt, known as a deficiency judgment. As

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This must be a bank’s worst nightmare; a homeowner who doesn’t care about foreclosure. If there are enough people like Mr. Zulueta, then the very existence of the US banking system is in question. The walk-away home debtors are very dangerous. When Raymond Zulueta went into default on his mortgage last year, he did what a lot of people do. He worried. In a declining housing market, he owed more than the house was worth, and his mortgage payments, even on an interest-only loan, had shot up to $2

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