Tag Archives: negative amortization loan

Recession Reshapes California’s Housing Market

Americans are no longer thrilled to extend their debts. For the last six months, the amount we owe on credit cards, auto loans and other forms of consumer loans dropped, according to the Federal Reserve. That’s the longest decline since … Continue reading

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One Couple’s String Of Foreclosures

From the New York Times: This is a tale of sex, lies and foreclosures. Simply renting out the house was a violation of the terms of their mortgage, but the lender, Countrywide Financial, evidently did not notice. A month after … Continue reading

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