Tag Archives: repossessions

Homeowners In Distress – Doesn’t Your Heart Bleed?

I fail to be heartbroken that millions of Americans bought more home than they could afford and that they are now struggling to stay in it. Why should I care about people’s bad financial decisions? Why is the decision to … Continue reading

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More Than 7 Million Americans Expect To Default On Their Home Loans In Next Two Years

That’s why more banks and government entities are working to reduce foreclosures and shore up home values. Report: JP Morgan has revealed it is set to renegotiate $70bn of bad mortgages on its books in an attempt to curb repossessions … Continue reading

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Mortgage Fears UK-Style

From the Times of London: Northern Rock is planning to more than double the number of people working in its debt management business in a move that will spark fresh fears of widespread repossessions over the coming year. An internal … Continue reading

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Lending Increases In UK

Despite tales of lenders refusing mortgage applications, figures released today (Thursday, May 22nd) showed that mortgage lending has risen slightly. According to the Council of Mortgage Lenders (CML), gross mortgage lending in April was up five per cent from March … Continue reading

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