Word: mortgagees
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The nation's biggest student loan company, Sallie Mae, and polling firm Gallup just released the results of a survey, conducted in May, of 1,400 undergraduates and their parents about how they plan to pay for college this year. One in five parents borrowing money reported either taking out...
As vacant homes deteriorate and become eyesores throughout the country, cities are anxiously awaiting the arrival of federal funds - including a $4 billion housing stimulus jolt just signed by the President - to assist with the foreclosure crisis. The hope is that the federal injection of funds will help homeowners struggling...
Four months ago, the city of West Palm Beach opened its foreclosure assistance center, a one-stop shop where staffers assist besieged homeowners by calling lenders, renegotiating loans and arranging for short-sales - that is, the bank-approved sale of a house at a price below its outstanding mortgage. The...
At the helm of the assistance center is Emelda Johnson, who spent four years as the deputy assistant secretary at the Housing and Urban Development Department in Washington, D.C. The city hired her in September, and, in a matter of months, she was crafting the plan for the foreclosure assistance...
Michael and Ingrid Webb are among the hundreds of people who sought help in West Palm Beach after they missed two months of mortgage payments. They owed thousands to their lender, which refused to refinance. Michael had expected to pay a $1,600 monthly mortgage when they first refinanced a...