N.J. man learns modifying mortgage to cut payments may impair credit rating (The Star-Ledger)
MATT RAINEY/THE STAR-LEDGERDave Peterson of Knowlton Township pulled back his request for a mortgage modification when he couldn’t find out how it would affect his credit score. An adverse impact would probably raise his cost of future borrowing. Dave Peterson…
Source:N.J. man learns modifying mortgage to cut payments may impair credit rating (The Star-Ledger)
Negative Bond Returns Converge With Mortgage Miracle (Update2) (Bloomberg)
Sept. 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke has some good news for investors: Treasury bondholders will lose money for the first time in 10 years amid an unprecedented decline in the gap between the interest rate on 30-year mortgages and government notes, signaling an end to the worst financial crisis since the [...]
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