Credit and Lending

What Does Without Recourse Mean in the Assignment Area of an Auto Contract?

What Does Without Recourse Mean in the Assignment Area of an Auto Contract?

In today's finance and credit landscape, lenders -- including auto loan financiers -- sell and trade loans as assets and investments. Loan sales can occur in several ways. One ...

Can You Borrow Against a Negative Home Equity?

Can You Borrow Against a Negative Home Equity?

You need money to help pay for your daughter's college tuition. Or maybe you need a large dose of cash to cover the costs of a long-planned vacation or to pay off your ...

What Are the Forbearance Guidelines?

What Are the Forbearance Guidelines?

Forbearance is the delaying of payment or collection of a debt legally granted by the debt holder. This is usually a short period of time, and typically with increased costs for ...

Forbearance Agreement Problems

Forbearance Agreement Problems

When a homeowner becomes delinquent on his mortgage, he may arrange to repay the past due amount through a forbearance agreement. The lender agrees to put off, reduce or eliminate ...

How Soon Can I Refinance After Taking Out a Mortgage?

How Soon Can I Refinance After Taking Out a Mortgage?

Finding yourself in need of refinancing directly after closing on a mortgage for your house can happen for a variety of reasons. You may have experienced an emergency that ...