News from home
Arizona Daily Star - The three companies bought second-mortgage loans from a lender that had charged excessive interest and illegal fees under Missouri’s Second Mortgage Loan Act, which limits the fees that can be charged with high-interest second mortgages.

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Hit by divorce and foreclosure, single mother looks for work
Herald Tribune - However, she was unaware of a second mortgage on her house until June, when she was served foreclosure paperwork. Until the foreclosure, Richards felt that she was on the path to a good career, was able to support her sons and was an example of the

Expensive college requires savings
Contra Costa Times - It’s dangerous for parents to begin seeing the financing of their children’s college tuition as a second mortgage. As we have recently seen in the mortgage market, reliance on long-term debt can be expensive and precarious.” So now that you are likely

Families seek forgiveness after foreclosure
AZCentral.com - In a typical piggyback, a borrower gets a first mortgage for 80 percent of the value of the home, a second mortgage for 10 percent and pays 10 percent up front. But tighter credit and a sharp rise in delinquencies on second mortgages, Corso says

Lenders ordered to pay $99 million to customers
News-Democrat - The three companies bought second mortgage loans from a lender that had charged excessive interest and illegal fees under Missouri’s Second Mortgage Loan Act, which limits the fees that can be charged with high-interest second mortgages. The