PERHAPS the greatest scandal of the mortgage crisis is that it is a direct result of an intentional loosening of underwriting standards - done in the name of ending discrimination, despite warnings that it could lead to wide-scale defaults.
At the crisis’ core are loans that were made with virtually nonexistent underwriting standards - no verification […]
NYPost: How did lending standards get so loose?
March 29th, 2008 · No Comments
Tags: Foreclosure Information · Foreclosure Statistics
Countrywide To Expand Its Foreclosure Help Program
February 11th, 2008 · 2 Comments
Countrywide under heavy pressure to help borrowers avoid foreclosure, announced an expanded program to help people with subprime mortgages stay in their homes.
The program created by the largest U.S. mortgage lender and the Association of Community Organizations for Reform Now, or ACORN, comes as hundreds of thousands of borrowers nationwide face rising rates on their […]
Tags: Avoiding Foreclosure · Mortgage Refinancing