Mortgage Foreclosure & Refinance Resource

Neither one of the choices should be taken lightly, and of course you need to talk to your attorney, but here are some facts if you’re thinking about filing for bankruptcy to avoid foreclosure.  First, we caution against falling for some of the schemes that have been developed that entice a homeowner who is facing [...]

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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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