Mortgage Foreclosure & Refinance Resource

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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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 verification [...]

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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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