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Story Archives of 'mortgages'Sandwich Couple Swindled Out of their HomeBy Dan Gorenstein on Thursday, July 17, 2008.Irwin and Inger Young are fighting to save their home. The family is just one of thousands to struggle with the mortgage foreclosure crisis. But the couple isn’t in this position because they lived in a house they couldn’t afford. They were - allegedly - victims of a home mortgage rescue scheme. New Hampshire Public Radio’s Dan Gorenstein has the story. listen:
  NH's Mortgage Brokers Are Dealing with Tighter Credit StandardsBy David Darman on Thursday, July 17, 2008.Congress is debating a bailout for mortgage giants Fannie Mae and Freddie Mac. The two companies hold more than 12 trillion dollars worth of mortgages. New Hampshire mortgage lenders are keeping an eye on the possible bailout. But many say a bailout is not their most pressing concern. New Hampshire Public Radio’s David Darman has more. listen:
Banks Take Second Look at Mobile HomesBy Dan Gorenstein on Monday, May 5, 2008.Homeowners who live in mobile home parks are paying anywhere from 8-15% interest on their mortgages- way more than people who own other types of housing. That only makes it harder to pay the bills for those homeowners who often live on moderate or fixed incomes. But home mortgage giant Fannie Mae and local banks are starting to look at some of these communities in a new way. New Hampshire Public Radio’s Dan Gorenstein reports. listen:
The Mortgage MeltdownBy Laura Knoy on Monday, December 10, 2007.For some time now, states like New Hampshire have been trying to control the fallout from the foreclosure wave that’s hit the country. Now the federal government is stepping in – President Bush has unveiled his new proposal and Congress has its own ideas as well. We’ll get the details and look at the potential impact of these plans. Guests
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Mortgage Meltdown Affecting New Hampshire Real Estate MarketBy Roger Wood on Thursday, August 23, 2007.The well-publicized mortgage meltdown seems to be firmly underway. And realtors, brokers and economists are wondering how will it affect the real estate market in New Hampshire. NHPR Correspondent Roger Wood reports. listen:
Thousands Stand to Lose Homes in CrisisBy Dan Gorenstein on Thursday, August 16, 2007.It seems like everyday there is a new report about trouble with sub-prime home loans. Now, the New Hampshire Banking Department is traveling around the state holding counseling sessions for homeowners in trouble. There’s a concern that people stuck in unaffordable mortgages will not be able to refinance. New Hampshire Public Radio’s Dan Gorenstein has more. listen:
Clinton Calls For Reform on Mortgages, ForeclosuresBy Josh Rogers on Tuesday, August 7, 2007.Campaigning in Derry today Democrat Hillary Clinton promised to reform the mortgage lending industry. New Hampshire Public Radio's Josh Rogers has more. listen:
Another Shoe May Drop When Mortgage Rates Go UpBy Mark Bevis on Thursday, August 2, 2007.The nation's mortgage industry took another hit this week. Financial analysts expect the American Home Mortgage Investment Corporation to declare bankruptcy after its stock price fell 90 percent on Tuesday. If it does, it would be the latest in a string of mortgage lender failures as more people miss payments on their home loans and home prices continue to stagnate. New Hampshire's Banking Commissioner Peter Hildreth tells NHPR's Mark Bevis that American Home's finanacial troubles shouldn't have too much effect on homeowners in the state. Hildreth says the bigger problem is going to be when the rates go up on adjustable rate mortgages. listen:
Rising Foreclosures and Rescue ScamsBy Laura Knoy on Tuesday, May 22, 2007.Foreclosures are on the rise in New Hampshire and along with them...the number of so-called "rescue scams"...where homeowners end up losing their homes, going further into debt or being evicted after getting lost in the red tape of the very companies or individuals who promise to help save their home from foreclosure. The New Hampshire legislature is considering a new bill that would make changes to the current system to hold these rescue companies accountable and to give the consumer more power for legal recourse. Guests
, President of Polecon Research in Laconia We'll Also Hear From
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Foreclosures Rise, And Adjustable Loans are Partly to BlameBy David Darman on Tuesday, March 27, 2007.The Federal government reports that sales of new homes have declined for two months in a row. Meanwhile in New Hampshire, news of a sales decline comes after reports that twice as many houses went to foreclosure in the first few months of 2007 than did during the same period last year. That increase has been blamed on a preponderance of subprime loans. Those are high interest, high fee mortgages that some lenders have made available to people with risky credit ratings. But there’s evidence that more conventional loans have also played a part in the sharp rise in foreclosures. listen:
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