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Being late is good for making dramatic entrances at cocktail parties, but the advantages stop there. Arrive late to work and you could get fired. And if you slip behind on your second mortgage payments, you risk losing your home.
Default sets the wheels in motion
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Consequences of a Second Mortgage Default
The number of “underwater” mortgages declined in the second quarter of the year, but that’s mainly because some of those borrowers lost their homes to foreclosure, according to a new report out this week.
Rates of mortgage delinquencies and foreclosure starts fell in the second quarter of the year, raising hopes that economic pressures on homeowners may be easing.
U.S. mortgage lenders originated more loans in the second quarter of the year than the first, even as home values continued to decline, according to a pair of reports issued today.
Looking to refinance your mortgage? You might have to bring some cash to the table.
Over one-quarter of Americans now have credit scores below 600, ranking them as a poor risk for lenders and making it difficult or even impossible for them to obtain mortgages, car loans, credit cards or other consumer loans.
Wealthy homeowners are far more likely to be delinquent on their mortgages than less affluent borrowers, according to a new study by the real estate analysis firm Core Logic.
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Home Prices Up in April: Standard & Poor’s
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Home Prices Up in April: Standard & Poor’s