Mortgage Foreclosure & Refinance Resource

Republican lawmakers want a fiscal stimulus bill of nearly $900 billion to include a provision that would drive down mortgage rates to as low as 4 percent in an effort to jumpstart the moribund housing market.
The plan would shave more than a percentage point off the current 5.1 percent rate on a 30-year mortgage, which [...]

[Read more →]

Now, with the economy in full retreat and the jobless rate rising, borrowers and lenders in areas with previously marginal foreclosure rates are bracing for the worst.
As a result, the banking industry has taken pre-emptive measures to help borrowers. The best example is an initiative, announced this month, to help those who took out loans [...]

[Read more →]

 The federal government announced plans Wednesday to modify a program to make it easier for troubled homeowners to exchange problematic mortgages for more inexpensive ones. The new expedited regulations will expand on the Housing and Urban Development Department’s hope for homeowners program.
The changes will give lenders a greater incentive to participate, by allowing them to [...]

[Read more →]