Mortgage Foreclosure & Refinance Resource

PERHAPS the greatest scandal of the mortgage crisis is that it is a direct result of an intentional loosening of underwriting standards – done in the name of ending discrimination, despite warnings that it could lead to wide-scale defaults. At the crisis’ core are loans that were made with virtually nonexistent underwriting standards – no [...]

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BBC posted a clip from their news show on the new homeless in America, forced to lose their homes by the subprime crisis. An interesting five minute clip which shows tent cities which had sprung up in certain parts of the US where many home owners were forced out of their houses, unable to pay [...]

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Today nation’s top economic policymakers, hoping to prevent a further mortgage bust, proposed a broad series of reforms aimed at tightening oversight of financial institutions. The changes include Tougher disclosure requirements for banks and Wall Street firms A nationwide licensing system for mortgage brokers New rules for credit rating agencies “This effort is not about [...]

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