Wells Fargo Will Stop Offering Most ‘Interest-Only’ Home-Equity Loans. Monday’s WSJ takes a look at how more homeowners who took out Helocs during the housing boom are now facing higher monthly payments as 10-year "interest-only" periods end, requiring borrowers to make interest and principal payments.
Massachusetts foreclosure activity rises in November Fitch Downgrades Four CMBS Transactions on Likely Default Fitch Downgrades Four CMBS Transactions on Likely Default – The transaction. Downgrades are likely to class A-J and B as additional losses are incurred; upgrades are not likely. -$0 class M at ‘Dsf’; RE 0%. The class A-1, A-2, A-3A, A-3FL, A-3B, A-4, A-SB.BOSTON, January 2, 2013 – The number of completed foreclosures in Massachusetts declined again in November, marking the sixth straight month of year-over-year declines, according to The Warren Group, publisher of Banker & Tradesman. Meanwhile, foreclosure petitions also decreased in November, dropping to the lowest level so far this year.