More on subprime…
NATIONAL (April 5): More borrowers are falling behind on their payments, as an increasing number of mortgages adjust.
At the same time, lenders are clamping down on borrowers with poor credit and low or unpredictable income. Sub-prime lending could decline as much as 50 percent this year from last year’s total of $600 […]
Yahoo redesigns site with eye to foreclosures:
Yahoo! Inc., owner of the most visited U.S. Web site, redesigned its section on real estate foreclosures amid a growing number of defaults by subprime mortgage borrowers.
The Yahoo Real Estate Foreclosure Center lets users search for foreclosures and learn how to purchase the properties, said RealtyTrac Inc., the company […]
NEW YORK - Civil rights groups called Wednesday for a six-month moratorium on foreclosures resulting from high-risk loans given to people with shaky credit, arguing that lenders should help borrowers refinance their mortgages - or face lawsuits.
A coalition of advocacy groups said mortgage lenders should immediately halt foreclosures on so-called subprime mortgage loans made at […]