Subprime Lending Crisis Archives ⋆ Page 4 Of 13 ⋆ Boston Condos For Sale Ford Realty

Update: Dorchester homeowner evicts evictor, for now

Melonie Griffiths-Evans was in the news this week. Maybe you heard a little about it? The Dorchester mother of three was facing eviction from her two-home because she had failed to make payments to her lender, back in late 2006, early 2007. A group of committed...

Homeowners to the rest of us: see ya lataz!; walking away from your mortgage

subprime lending crisis

What’s to be done about this? So far, reports are apocryphal, at best. But, it seems as though a certain number of people are saying, well, my home’s losing value, daily (or at least that’s what they think …). I owe 99% off my original loan...

Subprime borrowers and the homeless, in the news

South End Real Estate, subprime lending crisis

Subprime borrowers and the homeless, in the news I give you the South End Is Over blogger: An interesting article on the homeless and local gentrification by David Abel appeared in today’s Boston Globe. As usual, some Nouvelle South End residents expressed their...

Resetting ARMs not the cause of subprime lending crisis

subprime lending crisis

But, we knew this already. Aggressive lending is the real culprit behind high foreclosure rates — not just adjustable-rate mortgages, say many of those who are trying to analyze and cure the foreclosure problem … … “It is certainly not out of the...

NECCO hearts keep up with the times, this Valentine’s Day

subprime lending crisis

From a Press Release issued yesterday by The New England Confectionery Company (NECCO), the makers of the popular Valentine’s Day “Conversational Hearts”. The New England Confectionery Company (NECCO®) is looking to the skies this Valentine’s Day and...

You got some nice figure …

subprime lending crisis

Here’s a couple (here are a couple …) facts & figures about subprime loans, etc., courtesy of the Associated Press: The No. 1 reason its customers have been defaulting on mortgage loans is because their income was cut. That accounted for almost 60...