This is why you don’t hand state governments a blank check. Rather than using it to help troubled homeowners, several states used at least $1bn of the $2.5bn they received from a settlement with mortgage lenders to pad their budgets or fund pet projects, according to a new USA Today report.
Q & A: How does the mortgage settlement work?. But more than 90% of underwater homeowners won’t be helped. But more than 90% of underwater homeowners won’t be helped. Some, however, might be eligible to refinance at a rate of 5.25%.
· Mortgage Lenders. Finding a mortgage lender that is still in business can be difficult. This forum will be dedicated to the lenders who are still offering purchase money, refinance, jumbo and.
Here’s the story briefly: In 2012, Brown and the Legislature took $410 million that was supposed to assist victims of abusive mortgage lending and used it to help balance the state budget. Homeowner ..
Both ratios are indicative of a bubble that could burst, said Bloomberg economist Niraj Shah, who crunched the numbers from the Organization for Economic Cooperation and Development and the Bank for.