What You Need to Know About Private Mortgage Insurance

What the American People Think About a Mortgage Bailout

Some politicians are in favor of providing assistance to the millions of homeowners who are facing default as a result of poor decision-making and falling home prices. Others are dead set against it. Let's see where the American people stand.

Three Reasons Why a Mortgage Bailout Is a Terrible Idea

An open letter to lawmakers and taxpayers who think a mortgage bailout is what we need to solve the housing crisis.

Lenders Giving Mortgage Borrowers Cash for Keys

To get borrowers to leave a house--and leave it in good condition--mortgage lenders around the nation have begun offering cash for keys. Some lenders are paying out upwards of $3,000.

Democrats Want $20 Billion to Bailout Mortgage Borrowers

Democrats unveiled a new plan last week that will allow the FHA to buy $300 billion in delinquent, underwater mortgages. The initial cost to taxpayers is estimated to be $20 billion.

The Latest in Mortgage Bailouts

The worst housing slump since the Great Depression is prompting all manner of new bailout plans. Fed Chairman Ben Bernanke encourages banks to forgive portions of mortgage debt, the Democrats propose using billions in federal dollars on buying up bad loans, and the Bush Administration is prepared to dump bank losses on the taxpayers' shoulders.

FBI Will Not Go After Borrowers Who Lied on Mortgage Applications

Borrowers who were guilty of defrauding lenders by lying on their mortgage applications could be imprisoned for up to 30 year terms and forced to pay $1 million in fines under federal laws. The FBI, however, says that they do not intend to pursue borrowers at this time.

Four Different Polls Show Americans Are Split on Mortgage Bailout

Should mortgage borrowers at risk of losing their home be given a bailout? What about lenders who face lost profits? Four recent polls ask Americans where they stand on these issues.

Top 5 Most Ridiculous Mortgage Borrower Stories of 2007

Many people may be losing their homes to foreclosure because of legitimate financial crises, but there are even more people losing their homes because of lender follies as well as their own greed and stupidity. Here are five stories in particular that will be sure to induce fits of eye-rolling.

Reckless Mortgage Borrowers Do Not Deserve to Be Rescued

If you have followed the news at all over the last few months, then you know that the public has been spoon fed a spate of tearjerker news stories that are meant to paint struggling mortgage borrowers as victims. These stories talk about the importance of staving off foreclosures and helping people who need it, but they very rarely touch on the truth of the matter: most mortgage borrowers were reckless and do not deserved to be rescued.