Category: mortgage

Mortgage 12-month grace period: what’s in it for you?

Mortgage 12-month grace period: what’s in it for you?

None of these UK mortgage  payment shock solutions deal with the underlying problem and they actually make the problem worst. A 12 month grace period won’t solve the problem and assuming interest accrues during the grace period borrowers are worse off. Neither borrower income nor integrates are likely to change much,  hence the grace period …

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Federal government has dramatically expanded exposure to risky mortgages – The Washington Post

Federal government has dramatically expanded exposure to risky mortgages – The Washington Post

They’re back. Risky mortgages return. I’m surprised 10 years after crisis a better measure than debt to income ratio hasn’t emerged. Residual income should be considered as preferred measure of mortgage risk. https://www.washingtonpost.com/business/economy/federal-government-has-dramatically-expanded-exposure-to-risky-mortgages/2019/10/02/d862ab40-ce79-11e9-87fa-8501a456c003_story.html