Mortgage Foreclosure & Refinance Resource

The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they see as continuing “adverse conditions” in the real estate marketplace.
At the same time, however, Fannie Mae and Freddie Mac — which currently fund more than three-quarters of all new home loans — also plan to [...]

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If everything follows their model, the economists say property values should bottom out by mid-2009.
If you are a prospective home buyer waiting for the bottom of the housing market, there is another fact you need to take into account: mortgage rates are rising.
Rates on a 30-year fixed-rate loan, which were as low as 5.89 percent [...]

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The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building.
Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with mortgages made to people with weak, or subprime, credit are showing their first, tentative [...]

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