Mortgage Foreclosure & Refinance Resource

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 [...]

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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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United States regulators have ripped up longstanding restrictions on the government-sponsored mortgage companies Fannie Mae and Freddie Mac, freeing them to buy significantly more mortgages and potentially to reinvigorate the secondary market for mortgage debt. At the same time, Senate Democrats have introduced a bill that includes a controversial provision to the mortgage banking industry [...]

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