Blog Detail
Ask Jack About Debt
http://www.askjackaboutdebt.com/wordpress/
Wide ranging personal finance site focusing on credit information & solutions. In depth articles and counseling to help with debt reduction, relief and settlement. Get essential information on management of credit relative to loans and credit cards.
- Added on: Feb 21st, 2008
- Country: United States
- Language: English
- Author: Ask Jack About Debt
- Listed in: Finance Personal
- Tags: debt consolidation credit debt debt management credit counseling debt solutions
Recent Posts
Student loan modifications very hard to do. Supreme Court to rule.
To protect the more than $600 billion in student loans insured by the federal government, Congress has made it very difficult to modify these loans. Bankruptcy courts are not allowed to reduce the principle except in cases of “undue hardship;...
Credit card regulation only partially effective thanks to loopholes and lag time
Congress recently passed what one expert called a “Set of discrete new laws” to regulate the credit card industry (see our blog entry on Credit Card Rates Going Up for details, but as the expert said “….the industry instantly ...
“Under water” mortgages hit new high. Consider a “short sale”!
As the Wall Street Journal Reports, nearly one in four (23%) homes now have mortgages that exceed the value of their houses. They are “under water.” Of the 10 million-plus homes that are in this situation, more than 5 million have mor...
More “cram downs” stopping foreclosures, but same players are making money on them
The same people who sold you a subprime mortgage you couldn’t afford are now calling many homeowners threatened with foreclosure to make an offer they can’t refuse. They tell homeowners that they have bought the mortgage from the most r...
Permanent mortgage loan modifications stymied by paperwork
The administration has announced that its Making Home Affordable program, its major attempt to prevent wholesale foreclosures, has signed up almost 20% of those eligible. 650,000 borrowers have started a “trial loan modification” as par...
Foreclosure prevention options expand again
Fannie Mae has just announced a “deed for lease” program that will allow people who have been unable to arrange a mortgage modification that works, to if they wish, turn over their deed for a lease that will allow them to rent their house...
