Mortgage Foreclosure & Refinance Resource

Arizona Sen. John McCain said Tuesday that government help related to the slow housing market and resulting credit crunch should go to homeowners, not speculators. Any assistance to the financial sector should be based on preventing a major economic collapse, he said.
McCain addressed the housing market and financial problems while in California. California, Arizona, [...]

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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 finding excuses or scapegoats,” said [...]

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Following up on yesterday’s post today president George Bush and the two highest economic officials in the US government all objected strongly today to plans in Congress for changing bankruptcy laws to protect homeowners caught up in the mortgage meltdown. The idea of allowing bankruptcy judges to restructure loans ‘wouldn’t be fair to millions who [...]

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