The last few years have really put a dent in lending to house owners, car owners, small business people as regulations tightened, banks became fearful, and borrowers foreclosed on house. One wonders whether upfront rates like those on rv financing are actually what typical customers will end up paying, given the climate of fear, unemployment and undoubtedly longer… Read More »
Some Mortgage News: Companies do go under! CBS news report Frank Factor: Why Do Mortgage Lenders Hate America? How has the mortgage crisis affected you? Rates here have already risen to 4% in my case.
CNN recently ran a report on home repossessions in the US that detailed how many former home owners were reduced to living in trailer parks after they hadn’t been able to keep up with payments on their house. I felt sorry for those people, somehow caught up in the shenanigans of the mortgage lenders and their folly in… Read More »