Word: mortgagee
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2. On the madness of the former real-estate bubble: "Can Flip's mortgage really be possible? Even if it is (and it can't be), I doubt it can be legal. A million dollars with no down payment, for two grand a month? It's an insult to money...
Yet, too much of Leisure is taken up by Ayres' romantic disasters, surely mortifying to experience yet so flat on the page. And by the fifth time he leaves us on a "cliffhanger," only to resolve the situation two pages later, it's clear that his concept of dramatic tension...
As the program has been described so far, the principle of home loans will not be adjusted. A mortgage with a $300,000 balance will not become a mortgage with a $200,000 balance. The government will set up programs to make the monthly payments on the mortgage more affordable...
There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in...
In that sense, the notion of bringing down the monthly payments for homeowners who cannot meet the obligations of their mortgage payments makes them simply placeholders in the housing market. The government is encouraging people to put their modest wages into money pits, by helping them to remain in their...