Government bailouts have the same sort of effect at/near point of failure, whether they take the form of guarantees that are paid out in liquidation (eg South Canterbury Finance under the deposit guarantee scheme) or a government recapitalisation of a bank as a going concern (eg, in a New ...
Another consideration regarding reverse mortgage defaults is they are minimal compared to conventional or “forward” mortgage default foreclosures.I’m sure some of the forward foreclosures included seniors who had been sold a mortgage without consideration on whether they would be able to make payments...
We have prevented two times as many foreclosures as we have completed. All that said, we do not view it as our responsibility to help those who can pay but choose not to pay simply because the value of their home has fallen. So why does the firm foreclose on a homeowner? Generally, ...
Over the next 3 years or so, the BOATLOAD of Foreclosures will be working their way through the system... As you're already seeing... Banks are being forced to re-negotiate loans to ridiculously low interest rates and payments... Lowering the monthly payment by $500, $1,000, even $1...
There are Canadians in Florida. There is a Bank of Montreal near me. Snowbirds own houses here. Mainly US snowbirds. Their universal healthcare does not cover out of country medical bills. The Canadian dollar fell and the out of country medical insurance prices rose. Canadians have ...