How Far Underwater Do Borrowers Sink Before Walking Away?
Monday, June 28th, 2010 at 8:03 am
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A Federal Reserve study finds that "strategic" defaults accelerate when a borrower owes 62% more than the value of his or her home.
How Far Underwater Do Borrowers Sink Before Walking Away?
Monday, June 28th, 2010 at 8:03 am
A Federal Reserve study finds that "strategic" defaults accelerate when a borrower owes 62% more than the value of his or her home.
When is good credit too good? Ask Gander Mountain
Thursday, June 24th, 2010 at 7:00 pm
Gander Mountain has filed suit, saying an Ohio bank that issues its credit cards wants to reject the most creditworthy borrowers.
Mortgage crisis could damp consumer consumption for years to come
Wednesday, June 23rd, 2010 at 3:27 pm
Borrowers who defaulted could have low credit scores for years, crimping their spending. And changes in scoring and how it's applied could dramatically affect all Americans' ability to borrow. For countless Americans struggling to make their mortgage payments, the problems have just begun.
Mortgage crisis could damp consumer consumption for years to come
Wednesday, June 23rd, 2010 at 1:47 pm
Borrowers who defaulted could have low credit scores for years, crimping their spending. And changes in scoring and how it's applied could dramatically affect all Americans' ability to borrow. For countless Americans struggling to make their mortgage payments, the problems have just begun.