Mortgage Foreclosure & Refinance Resource

Countrywide under heavy pressure to help borrowers avoid foreclosure, announced an expanded program to help people with subprime mortgages stay in their homes. The program created by the largest U.S. mortgage lender and the Association of Community Organizations for Reform Now, or ACORN, comes as hundreds of thousands of borrowers nationwide face rising rates on [...]

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We’re borrowing this breakdown from BusinessWeek, but you can see the information for yourself. Click on the map for full size.

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The economic stimulus package passed by Congress last night would temporarily permit Fannie Mae and Freddie Mac to buy or guarantee mortgages 25 percent higher than an area’s median home price — to a maximum of $729,750, up from the current limit of $417,000. A federal regulator yesterday suggested that a measure that would allow [...]

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