Real estate in India is full of off-the-books transactions, the better for tax dodges and to avoid once-prohibitive mortgage terms.
Mr Boulger said it has been part of the Halifax mortgage terms for some time that payment holidays of up to six months can be taken.
BBC: NEWS | Programmes | Moneybox | Halifax mortgage offer criticised
Expect Congress to move more quickly on the consumer side of financial reform, including passing a credit card owner's "bill of rights" and allowing bankruptcy judges to alter mortgage terms.
Once housing turned south, CMO investors came face-to-face with far more costly imponderables: how many mortgages would default, how much the underlying homes would fetch in foreclosure and whether the government would rewrite mortgage terms.
These folks aren't going to make good on these mortgages if they have to make these mortgage payment terms.
However, figures from the Council of Mortgage Lenders have suggested a sluggish start to the year in terms of mortgage activity, which could feed through to house prices later.
Inspired by our earlier article on recast your mortgage, he decided to contact his lender and ask if they could reduce his rate without changing the other terms of his mortgage.
By pushing forward the insurance case, BoA is applying leverage to MBIA to settle the mortgage litigation on more favorable terms.
Richard Durbin, would allow bankruptcy judges to modify the terms of a mortgage in a Chapter 13 proceeding without the lender's input.
If an investor can't count on the terms of a mortgage security at the time he buys it, he has less incentive to continue investing in them in the future.
Also Friday, McCain's team fired off an ad about Obama's relationship with Jim Johnson, the former Fannie Mae chairman who resigned as head of the Democrat's vice presidential vetting team after allegations that he had received preferential terms on a mortgage from Countrywide Financial.
Early Friday, McCain's team returned fire with a commercial about Obama's relationship with Jim Johnson, the former Fannie Mae chairman who resigned as head of the Democrat's vice presidential vetting team after allegations he had received preferential terms on a mortgage from Countrywide Financial.
It is one thing to assess the effects of modifying terms on a single mortgage-backed security, which is likely to have one firm servicing it.
The government could, for example, design a program to subsidize mortgage interest payments under the same terms as the current deduction, only instead of including it in your tax return, you'd send the relevant financial information to a different agency, which would cut you a check.
But how many of you have had to deal with overly complicated mortgage forms and hidden clauses and complex terms?
Levin could not get a single one of the men subpoenaed to represent Goldman to answer as to whether what they had done was "ethical" in terms of packaging up toxic mortgage backed securities to sell to others.
Mortgage repossession, like mass unemployment, are terms we have to be reminded of.
When an originator sells a mortgage and its servicing rights, depending on the terms of the sale, much or all of the risks are passed on to the loan purchaser.
As a result of this deterioration in loan performance, investors have increased their scrutiny of the credit quality of securitized mortgages, and lenders in turn are evidently tightening the terms and standards applied in the subprime mortgage market.
Okay, they refinanced to more agreeable terms, scraped up additional money for extra mortgage payments, etc.
In addition to the mortgage lending industry reform bill, they propose allowing loan terms to be adjusted in the event of a borrower's bankruptcy.
Loan modifications allow homeowners to re-establish their loans by making one or more changes to terms, in an effort to ease monthly mortgage payments.
FORBES: Avoid Foreclosure: Properly Handling An Underwater Mortgage
Merrill was an outlier in terms of the size of its exposure to mortgage-backed assets, because of its leading role as a distributor of CDOs.
The squeeze in the mortgage market has intensified as lenders have raised rates and toughened terms.
They might be better off, in practical terms, taking the secure return from repaying their mortgage.
The government wants to introduce standards for credit-card costs, access and terms, similar to those it has established for mortgage-providers.
Josie Irwin, head of employment relations at the Royal College of Nursing, said a pay award based on the 2% inflation target would mean a real terms pay cut because costs such as council tax, mortgage interest and other housing costs would not be covered.
In terms of the raw numbers, we went from a 30-year mortgage at 5.5% to a 20-year one at 4%.
FORBES: How To Refinance Your Home: A Personal Journey Part V
Future borrowers of mortgage loans must understand that the note is the king of all documents that are comprised within the loan terms.
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