Saxon Mortgage stops foreclosures until March 6

Morgan Stanley placed a moratorium on foreclosing on some home loans to give the government time to launch a $50 billion mortgage relief program. The moratorium announcements come days after major bank chief executives committed to pausing mortgage foreclosures at a Congressional hearing. Although I wonder about Morgan Stanley’s ability to govern or be heard …

UK homeowner gets a free home after not paying for 15 years

In the UK a homeowner was given clear title to the home he lived in, even though he has not paid on the mortgage since 1993. The lender was NatWest. Although the courts say this case is very rare the man claimed squatters rights and the court agreed. In 1993 the lender told the homeowner …

Foreclosure and Your Security Clearance

A nightmare is unfolding for Americans who hold security clearances, both in the private sector and in the military. The U.K. may be equally hard hit as mortgages strain family budgets. But for those that thought their mortgage broker was telling them the truth many are finding out the risks outweighed the rewards. There are …