Mortgage Foreclosure & Refinance Resource

With the economy essentially having an abortion, it’s hard to figure out whether right now is a good time to sit tight and continue renting or to go out and buy a house. There is a number of different schools of thought on the issue but nothing beats hard numbers, but even better then [...]

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This month, Fannie and Freddie increased the fees they charge lenders for many loans, effectively bumping up interest rates for many borrowers who have marginal credit. The companies also tightened their policies on refinance loans that enable an owner to take cash out of a home.
Fannie Mae was the first of the two mortgage companies [...]

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“Sales are probably not going to rebound any time soon because the mortgage conditions continue to get tighter,” Mr. Gault said. He said that the excess supply meant that “prices have still got to come down some more.”
Home sales have begun to stabilize as sharply reduced prices lured buyers back into the market in July, [...]

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