Mortgage debt is snowballing (Post-Bulletin)
When Congress started fashioning a sweeping rescue package for struggling homeowners earlier this year, 2.6 million loans were in trouble. But the problem has grown considerably in just six months and is continuing to worsen. More t
Care Investment Trust Inc. Announces Amendment to Warehouse Facility - MSN MoneyCentral
o Provides Care with the ability to obtain non-recourse financing without Column’s consent as long as such financing does not exceed a loan-to-value ratio of 80%; o Provides Care with the ability to obtain recourse financing without Column’s consent …
Some homeowners face ruin (News 24 South Africa)
With house prices down 11% in June, some are already in a position where their mortgage debt exceeds the value of their property.