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And borrowers whose original mortgage is from Union Bank don't have to provide all of the income documentation that other customers do in order to refinance.
WSJ: Refinancing Deals Get Sweeter
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Under pressure from the FSA, the bank later realised that its original mortgage offer documents, which had been supplied to some customers, had been confusing about the extent to which such capped SVRs applied, or could be altered.
BBC: Bank of Scotland fined ?4.2m over Halifax mortgage errors
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The original owner still has to make mortgage payments on his building, only now those payments come out of his own pocket.
FORBES: Should a Business Buy Its Own Building?
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Apparently they could not argue that they did not receive proper notice, so they tried to overturn the original tax sale, which happened before their mortgage.
FORBES: Chase Tries to Fix Mortgage Screw-up by Arguing Borrower Not Good at Latin
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Without a much improved ratio of manufacturing to services and the dramatic improvement which that would bring to overall unemployment, the current recession will be much prolonged and will probably "feed back" unto itself as factors that defined the original downturn, such as credit defaults and mortgage delinquencies, recur.
CNN: Commentary: Panic anniversary no reason for joy
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Democrats will try to attach an amendment that was stripped from their original measure, to allow bankruptcy court judges to lower mortgage payments for homeowners facing foreclosure.
NPR: 'Marketplace' Report: The Latest Housing Plan
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Our original number is based on outdated information from the National Reverse Mortgage Lenders Association's Web site.
FORBES: Intelligent Investing Panel
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"The majority of our mortgage customers would not have suffered any detriment as a result of any lack of clarity in the original communication, " the spokesman said.
BBC: abbey