Story Archives of 'mortgages'

Franklin Family Facing Eviction Thought They Had Saved Their House

By David Darman on Friday, September 11, 2009.

The number of residential foreclosures in New Hampshire leveled off in July. But a Franklin family facing eviction is finding their situation is unlike most of the other 300 or so cases.

The reason is this family believed they had negotiated a workout with their bank to save their home. But they soon learned otherwise.

NHPR’s David Darman has more.

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Mortgage Deliquency Rates Eases; Still High

By Jon Greenberg on Tuesday, June 2, 2009.

The New Hampshire Business Review cites a report from the NH Housing Finance Authority that reports a deliquency rate of 6.54% for the first quarter of 2009. That's down from 7% in the last quarter of 2008.

The rate at the beginning of 2008 was 5%.

http://nhbr.com/apps/pbcs.dll/article?AID=/20090602/NEWS06/906019973/-1/...

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Activists Want Congress to Change Bankruptcy Laws Dealing With Mortgages

By David Darman on Thursday, February 26, 2009.

Lawmakers in the U.S. House are set to vote on a measure that would change how bankruptcy courts handle troubled mortgages.

Currently judges can work out payment plans for other big ticket items like yachts and second homes.

They can even lower the principle of a loan.

But federal law shuts out homeowners from that kind of relief.

NHPR’s David Darman has more.

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Sandwich Couple Swindled Out of their Home

By 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.

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NH's Mortgage Brokers Are Dealing with Tighter Credit Standards

By 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.

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Banks Take Second Look at Mobile Homes

By 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.

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The Mortgage Meltdown

By 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

Peter Hildreth, Commissioner for the New Hampshire Banking Department
Brian Gottlob, economist with PolEcon Research in Dover
Dave Gottesman, Democratic Senator from Nashua, Deputy Democratic Whip and Chair of the Commerce, Labor and Consumer Protection Committee

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