Their Mortgage Loans

Mortgage giants to pay $26B in huge foreclosure settlementFlorida homeowners behind on their mortgage payments, whose properties are worth less than their loan amounts or who lost their house to foreclosure may be eligible for lower interest rates, principal reductions or even cash under a $25 billion deal billed Thursday as the largest consumer-finance settlement in U.S. history.Orlando Sentinel - Feb 09 01:30pm
Texas' slice ‘very limited'Texas' slice ‘very limited' Express-News Copyright 2012 Express-News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 08:23 p.m., Thursday, February 9, 2012 Of the Texas portion, $287 million will go toward restructuring mortgage loans — including refinancing upside-down borrowers who owe more than their home is currently worth — and to ...San Antonio Express-News - 1 hour, 28 minutes ago
China Limits Mortgage Loans for Foreigners, NDRC SaysChina will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.BusinessWeek - Feb 05 04:58pm
For America's hard-hit homeowners, little relief from settlementNEW YORK (Reuters) - Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted. "The bank was reassuring us that it was helping us out," says Morello, 26. "While we were getting a loan modification in one department, we were getting foreclosed in another ...Reuters via Yahoo! News - Feb 10 04:18am

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