Risky mortgages threaten to put squeeze on (Home loan refinance) homeowners


Arizona Daily Sun – But that doesn’t necessarily mean the mortgage shakeout will be easy. And for many individual borrowers, finance experts say, the sad result will be foreclosure. “We just really don’t have any precedent to say, ‘This is how bad it can get,’ ” says
Source: www.azdailysun.com

Hopefuls tout varied experience
Denver Post – He has convened a 30-member task force to find new ways to stop mortgage and foreclosure scams. He is also focusing on insurance fraud, noting his office is receiving 750 referrals a year from the insurance commissioner and insurance industry. As
Source: www.denverpost.com

Option ARMs: a ticking bomb?
Denver Post – Despite its name, the Foleys said their new mortgage left them with limited options and put them on a path to foreclosure. Two months into the new loan, the minimum payment that they thought would be around $1,000
Source: www.denverpost.com








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