Mortgage Foreclosure & Refinance Resource

The pace of housing rescue efforts slowed in the first quarter of the year, according to a new report, while the number of people losing their homes to foreclosure skyrocketed during the same period.More than a half million at-risk home owners had their loans reworked during the first three months of the year, according to [...]

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Risks are rising that Fannie Mae and Freddie Mac may need a government bailout that could cost far more than previous rescues.
NEW YORK (CNNMoney.com) — Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.
Although few are [...]

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The president of the Federal Reserve Bank of San Francisco said Wednesday the mortgage crisis and financial services turmoil are likely to be a “major drag” on the national economy through 2009.Janet Yellen told a conference of local business leaders that because of those issues, she expects little or no growth in the national U.S. [...]

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