August 3, 2016

Negotiating in Mediation: Why Did We Stop Talking? – Practical advice for engaging your adversary in dialogue to ensure the most productive mediation.

Men who face this ordeal are more likely to divorce – In a new study that echoes on previous research, Harvard sociologist Alexandra Killewald found that husbands who aren’t able to play the role of “breadwinner” are more likely to get divorced—and, surprisingly, not (just) because their family is suffering financially.

Guidelines Intend To Protect Homeowners As Foreclosure Relief Programs Expire – Nearly a decade after the housing bubble burst and the government created programs to provide relief for homeowners facing foreclosure, the Consumer Financial Protection Bureau is working to ensure that consumers continue to receive needed assistance tailored to changing home retention needs. Today, the Bureau has released new a new outline to guide the creation of new solutions for foreclosure relief.

July 12, 2016

11 Reasons Divorce Is Better Than Staying In A Bad Marriage – When you’re considering divorce ― or reeling from your ex’s decision to end the marriage ― it’s easy to focus on the negatives: How will I possibly get by living on my own again? How will the kids be impacted by this? Am I doomed to be alone for the rest of my life?

Bankruptcy Legislation for Big Banks Gains Steam – Changes to bankruptcy code included in financial services budget bill in House

Despite Improvement, Debt Shadow Still Looms Over Many in U.S. – Young people, African-Americans and those without a high school degree are most likely to stress about debt and finances.

July 6, 2016

Mortgage rates plummet: July 5 – Mortgage rates are mixed today, but the average rate on 30-year fixed mortgages plummeted. Meanwhile, the average rate on 15-year mortgages remained unchanged and the average rate on 5/1 ARMs rose.

How to keep a breakup from causing a foreclosure – Usually lenders won’t come after a borrower under your circumstances. From a practical point of view, the lender wants its loan to be paid on time over its term. The loan documents give the lender the right to call the loan, which means the lender can require the loan to be repaid in full upon the sale or transfer of the property.

Forget energy, financials are pegged as next ‘fallen angels’ in debt markets – There’s a quiet storm brewing among global financial institutions: a commodity-price slump and sluggish economic growth are finally spilling over to banks’ balance sheets.

June 20, 2016

Don’t Wait Until Your Debt Starts Hurting to Begin Tackling It – If you have the choice between paying down a small amount of debt, or dealing with a more immediate bill, most of us would choose the latter. That’s how small debts become large debts, though.

Mortgage rates for Monday, June 20 – Mortgage rates fell today. The average rate on 30-year fixed mortgages inched down, as did the average rate on 15-year mortgages and the average rate on 5/1 ARMs.

10 States With Foreclosure Problems That Just Won’t Quit – A huge financial and emotional nightmare continues to threaten tens of thousands of American homeowners, with more than 100,000 U.S. residential properties in some state of foreclosure in May. That figure remained nearly unchanged from April, according to the latest data from RealtyTrac, but it’s better than last year — last month, foreclosure activity was down 20.52% from May 2015.

June 7, 2016

How to Divide a House When You’re Getting a Divorce – It happens: Marriages fall apart. And as if dissolving your union weren’t hard enough, if you own a home together — almost certainly your largest joint asset — you’ll also have to decide what to do with it. Do you stay, sell, or hand ownership to your ex?

Mortgage rates for Tuesday, June 7 – Mortgage rates are mixed today. The average rate on 30-year fixed mortgages rose, the average rate on 15-year mortgages fell and the average rate on 5/1 ARMs fell.

How Many Americans Have Gone Through Foreclosure? – “The foreclosure crisis is largely behind us, although still certainly lingering in certain pockets,” Blomquist said. “Unfortunately, we are already seeing signs of another housing bubble in certain markets, so people should continue to be cautiously optimistic when it comes to the housing market.”

May 23, 2016

How to Prepare for Mediation – People ask how I succeed in getting so many mediation agreements. Frankly, I don’t gage the success of a mediation based on getting an agreement. Still, I think most of my clients walk away with an agreement because they want to. People who choose to mediate (with a mediator who isn’t an attorney) are dedicated to resolving their differences peacefully without lawyers.

​How to determine the value of intellectual property in divorce cases – With approximately 50 percent of all U.S. (first or second) marriages ending in divorce, the proper identification and allocation of all marital assets is critical to the post-divorce well-being of both spouses.

RealtyTrac: Foreclosure Starts Decreased 15% Year Over Year In April – Foreclosure starts decreased 15% in April compared with April 2015, according to RealtyTrac’s U.S. Foreclosure Market Report.

April 22, 2016

How Military Divorce Rates Have Changed Over The Last Decade – The U.S. military divorce rate continued its slow but steady downward trend in 2015, marking the sixth year running that it has declined and the lowest point in a decade, according to statistics released this week by the Department of Defense.

Mortgage rates barely budge in advance of Fed meeting – Interest rates on mortgages were mostly unchanged this week as markets anticipate the Federal Reserve’s upcoming policy-setting meeting on Tuesday and Wednesday.

Read This Before You Declare Bankruptcy – Imagine being able to walk away from your debt and start over with a clean slate. That’s the picture proponents of Chapter 7 bankruptcy like to paint. Unlike Chapter 13, in which you repay at least a portion of your debt, Chapter 7 is a personal liquidation. You’ll wipe out your unsecured debts, which include medical and credit card bills, but you’ll give up your major assets (think automobiles or your home) in the process.