Category Archive for: ‘Mortgages’

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  Is the 30 Year Mortgage Obsolete? I Think So + Canada’s Mortgage Model Examined

  I’ve been quietly watching different outlets discuss the possibility that the 30 year mortgage might just be out of touch with 21st century reality:  People just don’t stay in their homes for 30 years anymore thus making this American dream a nightmare for many. |Aside: [...]

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• Jingle Mail Revisted: Possible Bank Recourse And Borrower Consequences

  There’s been heavy talk recently around “walking away from foreclosures” and the devastating effect it’s having on banks and homeowners.  Jingle mail occurs when the borrower drops the keys in the mail and sends them back to the bank as final step in walking away [...]

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  Get Your House Together: African-American Women and the Foreclosure Crisis

  photo credit: joelogon If you ever wanted to understand how the recent sub-prime mortgage crisis has affected African-American women, then this post is for you. Chances are you’ve heard about the mass foreclosures across the nation and even the phenomenon known as Jingle Mail. We’ve [...]

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  Sounds of Foreclosure: “Jingle Mail”

  Picture this scenario, the mortgage company receives an envelope, what they believe will be this month’s mortgage payment, is actually the keys to the house instead. The homeowner has vacated the premises, sending in the keys as a sign of surrender, but this is really [...]

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