Up to 200 homeowners with mortgages from Fremont Investment & Loan will be able to restructure their loans to lower their payments or get money to relocate. Massachusetts Attorney General Martha Coakley said the Fremont borrowers would get relief as ...

July could prove an extremely tough month for borrowers who are about to come to the end of a cheap fixed-rate mortgage.

July 1 (Bloomberg) -- The junk bond market is shut in Europe, forcing the neediest borrowers to rely on banks for credit and increasing the chance of defaults. The only company to sell high-yield, high-risk bonds in euros in the past 11 months was ...

BOSTON (MarketWatch) -- Mortgages that allow borrowers to take out a home loan with little or no money down through a government-backed program are drawing fire from critics who say no-money-down mortgages contributed to the current pain in the ...

Is it Illegal to Find an "Alternative Use" for the Money?A lot of borrowers ask what they can use loan proceeds for ... some student-loan interest because it’s a good investment in the country. Furthermore, banks

The subprime crisis is on track to spawn as much litigation as the savings and loan crisis of the 1980s and 1990s, with the number of lawsuits from borrowers and investors in related debt and equities now well into the hundreds, according to a recent study by Navigant Consulting Inc., a Chicago-base ...

Home Loan Wikipedia says: The crisis began with the bursting of the US housing bubble[2][3] and high default rates on “subprime” and other adjustable rate mortgages (ARM) made to higher-risk borrowers with lower income or lesser credit history than “prime” borrowers. Defaults and foreclosure activit ...

Is it me or are the press TRYING to create a recession? Headlines suggesting that o Home owners are going to be worse off becaue the BOE lower interest rates? How is that supposed to work? o Borrowers are worse off because banks are withdrawing 100% mortgages (given house prices are falling its resp ...