Countrywide, a lender known for handing out poor credit mortgages posted a loss of nearly $900 million for the first quarter. While many knew that the news was not going to be good, few expected the losses to be this high. When you compare this loss from the poor credit mortgage lender to their profits […]
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Poor Credit Mortgages Getting Locked Down
Posted on April 23rd, 2008 by Bright Light
According to a new report, at least one in four of all UK homeowners are concerned about the poor credit mortgage market and worried that they may not be able to make the payments on their own mortgages. At least one million poor credit mortgages could be at risk for default this year as they […]
Poor Credit Mortgage Questions Still Remain
Posted on April 16th, 2008 by Bright Light
As lawmakers contemplate a massive bailout plan for poor credit mortgage holders and banks, many experts are wondering how wise this move will be. Although everyone agrees that something needs to be done to slow the rate of defaults on poor credit mortgages, questions remain as to how this should be done. The two biggest […]
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