Mortgage Foreclosure & Refinance Resource

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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Just a few days ago, before resigning yesterday Gov. Eliot Spitzer drafted a proposal to offer protection to homeowners who may be at risk of losing their house due to the subprime mortgage crisis. The legislation comes with several provisions including mandatory pre-foreclosure notice and consent conferences between borrowers and lenders. Spitzer also wanted to [...]

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In his latest attempt Federal Reserve Chairman Ben S. Bernanke’s to repair the mortgage meltdown that poses the biggest threat to the economy, the Fed pledged yesterday to lend, in return for mortgage debt, $200 billion of Treasuries to the securities firms that trade directly with the central bank. Officials told reporters later that the [...]

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