Mortgage Foreclosure & Refinance Resource

Following up to our last post which cited the Mortgage Bankers Association survey here is another gem from it. At a time when mortgage lenders were touting efforts to help homeowners avoid foreclosure, delinquent borrowers were almost twice as likely to lose their homes as they were to reach an agreement with their lender that [...]

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A new study from the Mortgage Bankers Association says companies provided some kind of assistance to 246,000 troubled borrowers during the third quarter.
The MBA says 63 percent of foreclosure actions in the third quarter were taken against borrowers who were beyond help, for one of the following three reasons:
1. The home was owned as an investment [...]

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A group of mortgage lenders and non-profit organizations have pledged $4.6 million to allow foreclosure prevention counseling agencies in California to hire more staff to deal with strong demand from struggling homeowners, the companies said Monday.
Mortgage counseling agencies statewide can apply for funds from the two-year spending program, dubbed the California Home Ownership Preservation Initiative, [...]

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