Economy Feb 01 Watch HUD Secretary Donovan: ‘We Need to Do More’ to Help Homeowners HUD Secretary Donovan: 'We Need to Do More' to Help Homeowners…
Economy May 04 How Are Banks Profiting on Mortgage Refinancing? Question: Banks like Wells Fargo and JP Morgan recently announced better-than-expected profits. The given reason is that they are making money on the refinancing of mortgages. Doesn’t mortgage refinancing imply lower rates of interest and repayment? How can they be…
Economy Oct 24 Watch Chicago Bank Takes Action Against Subprime Housing Crunch Chicago's ShoreBank has implemented a "rescue loan program" to help customers refinance home mortgages that may be in danger of default. A consumer advocate and a mortgage industry representative weigh in on how to best respond to the country's subprime…