Mortgage Foreclosure & Refinance Resource

The mortgage meltdown continues this week with JPMorgan buying Bear Stearns (BSC) for a 98% discount, about $236 million (next to nothing). In fact, the Bear Stearns building on Madison Avenue itself is worth more than the entire buyout, valuated at about $1 billion dollars.
What does this mean for home owners  who are facing foreclosure […]

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In a scathing article, “MORTGAGE MELTDOWN Interest rate ‘freeze’ - the real story is fraud Bankers pay lip service to families while scurrying to avert suits, prison” Sean Olender gets to the heart of the proposed ‘buyout’ and ‘freeze’.
A must read article, but here is the gist:
The sole goal of the freeze is to prevent […]

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Massive investment bank mortgage securities write-downs have led some investors to speculate about the potential for a “run on the bank,” with depositors pulling assets out of fears their banks might go belly up. WSJ has a great primer on which bank accounts are insured by the FDIC and other FDIC related myths.

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