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Loan Modification

: The Truth About Mortgage.com

Foreclosure More Likely if You?re Bad at Simple Math

By scot184

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There’s a better chance you’ll experience foreclosure if your math isn’t up to snuff, according to a new research paper from the Atlanta Fed. Three researchers studied the effect of borrower’s financial literacy and cognitive ability to see what type of role, if any, they played in the mortgage crisis. They surveyed subprime borrowers who took out [...]

Full post as published by The Truth About Mortgage.com on April 28, 2010 (boomark / email).

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Bank of America Faces Class Action over Mortgage Foreclosure Practices
Bank of America Faces Class Action over Mortgage Foreclosure Practices

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Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

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