Mortgage Foreclosure & Refinance Resource

If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall. The bill, expected to be passed by the Senate in the next few days and then signed by President Bush, does offer incentives to certain overextended borrowers and their mortgage lenders.
But it [...]

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As the property manager for thousands of foreclosed homes owned by the U.S. Department of Veterans Affairs, Ocwen Financial Corp. has neglected maintenance, been proven slow to sell houses and charged taxpayers for repairs that weren’t made, a report by the federal Government Accountability Office says. The company, which also handles mortgage payments and foreclosures [...]

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Following up on our last post, we had a number of inquiries about VA mortgages. Here is an in depth explanation.
VA mortgages offer the kind of benefits that would make most lenders wince, which is why the Veterans Administration guarantees the loans in the event the borrower defaults. They have become a viable lending option [...]

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