Dear Dr. Don, A year or so ago, my 401(k) account was worth $265,000. Now it is worth $134,000. My mortgage balance is $289,000, while the home's value -- at least according to Zillow.com -- is now about $275,000. I have a 5/1 interest-only adjustable-rate mortgage at 5.5 percent with its first interest rate reset in August 2010. I am 62 years old.
Published News
401(k) is poor source of refinance funds (Bankrate.com)
Posted by mortgage 387 days ago (Editorial)
Mortgage Servicers Accused Of Harassing Borrowers, Illegal Fees (The Huffington Post)
Posted by mortgage 387 days ago (Editorial)
In this photo made Friday, June 5, 2009, Jerry Turner stands in the living room of the Charleston W.Va. home his mortgage servicer, Select Portfolio, collected payments on for six years before he found out that it had been foreclosed on and later auctioned off.
Gov't mortgage partners sued for abuses (The San Francisco Examiner)
Posted by mortgage 387 days ago (Editorial)
In this photo made Friday, June 5, 2009, Jerry Turner stands in front of the Charleston W.Va. home his mortgage servicer, Select Portfolio, collected payments on for six years before he found out that it had been foreclosed on and later auctioned off.
AP IMPACT: Gov't mortgage partners sued for abuses (San Francisco Chronicle)
Posted by mortgage 387 days ago (Editorial)
Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure is passing through _ and enriching _ companies accused of preying on the people they're supposed to help, an Associated Press investigation has found. The... Sponsored Topics: Foreclosure - Mortgage - Business - Associated Press - United States
Government mortgage partners accused of abuses (Richmond Times-Dispatch)
Posted by mortgage 387 days ago (Editorial)
Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through?and enriching?companies accused of preying on the people they?re supposed to help, an Associated Press investigation has found. The companies, known as mortgage servicers, are middlemen who collect monthly payments from homeowners and funnel the money to the banks or ...
Mortgage servicers subject of lawsuits (Hutchinson News)
Posted by mortgage 387 days ago (Editorial)
WASHINGTON - Billions of dollars the government is spending to help financially pressed homeowners a ...
Foreclosure filings jump in July (Bradenton Herald)
Posted by mortgage 387 days ago (Editorial)
MANATEE ? So much for the lull in local foreclosures.
Investors Remain at Risk with "Low Risk" Funds (Business Wire via Yahoo! Finance)
Posted by mortgage 387 days ago (Editorial)
SEATTLE----An increasing number of individual investors who sought safe alternatives for retirement savings and cash reserves are filing arbitration claims against brokerages for misrepresenting the actual risks of loss to their savings in investments in complicated investment products, according to Seattle law firm Ryan Swanson.
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