Mortgage Foreclosure & Refinance Resource

Shares in Bear Stearns, Fannie Mae, Freddie Mac and other leading housing financiers plunged yesterday amid widening concerns about the health of the US mortgage market. “If liquidity is the elixir of life for any Wall Street firm, the current market certainly has the potential to be lethal,” said Kenneth Hackel, managing director of fixed-income [...]

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Every home foreclosure is different, of course. But numerous cases shows the uphill battle facing many troubled borrowers who believe that they are losing their homes for questionable reasons, like onerous fees. One problem is ascertaining who actually owns the note underlying each home loan. This seemingly simple task has turned difficult as more home [...]

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The NY Times has a great article about local governments across the country that have been lending money to imperiled homeowners and confronting some opposition by folks who do not want to see anything that resembles a bailout or tax money going to rescue homeowners. Some of these municipal and state efforts have met resistance [...]

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