Mortgage Foreclosure & Refinance Resource

The Boston Federal Reserve Bank and five U.S. banks unveiled details of a $125 million Mortgage Relief Fund to help New England homeowners who are facing potentially unfordable increases in their monthly mortgage payments refinance into fixed-interest-rate home loans.
The Mortgage Relief Fund should make it easier for some homeowners who are paying high rates and [...]

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Bear Stearns reported a steep loss for its fourth quarter, its first ever in its eight-decade history. The investment bank said it lost about $854 million, or $6.90 a share. Bear Stearns also said it had written down $1.9 billion of its holdings in mortgages and mortgage-based securities, up from the $1.2 billion it had [...]

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There has been much discussion about various rate freeze plans, but it seems that HUD’s Federal Housing Administration (FHA) program that will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program got almost no mention. Under the announced FHASecure plan, FHA will allow families with strong credit histories who had been [...]

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