Jumbo Mortgage Market Beginning to Thaw (RISMedia Real Estate News)
12 Mar 2010 at 9:14pm
RISMEDIA, March 13, 2010?(MCT)?Phil Kelly had 18 more months to go before the fixed rate on his $2.5 million mortgage became adjustable. But when Kelly, a former computer executive living in Rancho Santa Fe, California learned he could knock his interest?
Should you stay with underwater mortgage? (Contra Costa Times)
14 Mar 2010 at 12:06am
Walking away from troubled mortgages remains disturbing national trend
Bogged down, banks deferring evictions (The Record and Herald News)
14 Mar 2010 at 12:11am
LOS ANGELES ? It's been 16 months since Eugene and Patricia Harrison last paid the mortgage on their Perris, Calif., home. Eleven months since the notice got slapped on their front door, warning that it would be sold at auction.
New Program to Speed 'Short' Sales (WallStreet Journal via Yahoo! Finance)
13 Mar 2010 at 7:11pm
Short sales are a valuable tool for struggling homeowners, though they've been notoriously difficult to complete. A new program plus some lender initiatives may make for shorter wait times and a smoother process.
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