Mortgage Foreclosure & Refinance Resource

The U.S. Treasury Department and Federal Deposit Insurance Corp. are nearing an agreement on a plan that may guarantee as many as three million distressed mortgages, according to a report Thursday by the Washington Post. The plan, which would cost from $40 billion to $50 billion and use funds from the Treasury’s TARP program, would [...]

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From CNN.com:  Americans should not stop paying their mortgages even if their mortgage companies are threatened because “your home and your mortgage are not affected by the fact that your mortgage company may go out of business,” CNN senior business correspondent Ali Velshi says.
If the mortgage company that holds my mortgage goes out of business, [...]

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“Sales are probably not going to rebound any time soon because the mortgage conditions continue to get tighter,” Mr. Gault said. He said that the excess supply meant that “prices have still got to come down some more.”
Home sales have begun to stabilize as sharply reduced prices lured buyers back into the market in July, [...]

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