Some struggling homeowners more equal than others

Not all distressed home loan borrowers will benefit equally from the $25 billion national mortgage settlement filed in federal court last week.

Part of the settlement requires the five leading mortgage servicers to forgive at least $10 billion in principal that homeowners owe on mortgages. That will help underwater borrowers who owe more on their mortgages than their homes are worth. But the level of principal reduction they get may well depend on who owns their loan.

Read Full News


Resources for YOU:

• Bad Credit Payday Loans
• Personal Loans
• Instant Approval Credit Cards