Your Dec. 2 editorial "The Mortgage Challenge" drew welcome attention to a problem that neither party has done enough to fix.
There were some consumers who did find adjustable-rate mortgages challenging to maintain, the association report showed: so-called "subprime" borrowers, who typically pay higher rates than those with excellent credit, had a delinquency rate of 12.02 percent.
FOR most people buying a home or apartment, a major hurdle will be getting a mortgage, a challenge typically dependent on the buyer's having a good credit history.
The modest Parekh relished the mortgage financing challenge.
But until recently getting a mortgage was a challenge for low-income families.
A federal court heard oral arguments in a mortgage lender's challenge to a Consumer Financial Protection Bureau fine.
A second option would increase borrowers' ability to challenge a mortgage in court.
Basic everyday matters, such as getting a mortgage, can prove extremely challenging to a person if their primary identity document doesn't match how they appear.
When Deutsche Bank hiked the interest rate on Lynn Szymoniak's mortgage in 2008, she challenged them in court, alleging the move was a violation of the original contract.
