mortgage

We must show compassion to our own

I’m 72 years old and I have a very good memory. When I was just a young boy I saw a startling photo in one of the magazines my dad was reading. It was taken in some Third World c ...

Can’t compare mortgage, stock

In the April 21 Reader Input column, two separate writers compared Mayor Bill Kirby’s mortgage failure to stock market failures, claiming he should have sold the house for a loss ...

News of mayor’s default disappoints

Outrageous! I don’t know about others, but I am personally appalled to read your report about our illustrious mayor of Auburn, Bill Kirby, defaulting on his mortgage and turning ...

Bank too big to help little guy

Like many homeowners who bought at the top of the market or refinanced, my home is worth less than I owe. My spouse has not worked in nine months and we asked our lender for a tem ...

Don’t bailout people who behaved irresponsibly

For the past six months investors, retirees, and employees have experienced major losses in their stock market and 401k accounts. In many cases they have had to meet margin calls o ...

Banking crisis: The scapegoating begins

We are just now beginning to see the scapegoating that was probably inevitable in the great American banking crisis, just as it always seems to follow after any man-made disaster o ...

Keep people in homes by resetting mortgage rates

In front of us sits a once-in-a-nation’s-lifetime opportunity. The financial home-loan mortgage “crisis” provides the United States (its citizens) with an opportunity of a ma ...

Mortgage companies not willing to help during crisis

Interest Rates: Many of us have found ourselves in a very unfortunate situation. Adjustable-rate mortgages that were a good fit at the time, but who knew that just when you are ...