Mortgage Foreclosure & Refinance Resource

Project Lifeline, which allows extra time for lenders and borrowers to try to work out more affordable terms, was unveiled today.
The program would let qualified homeowners who are at least 90 days late on their mortgage payments pause the foreclosure process for 30 days to figure out a way to modify the mortgage.
“Project Lifeline is […]

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According to the NY Times Bank of America, Citigroup, Countrywide Financial, JPMorgan Chase, Washington Mutual and Wells Fargo are expected to announce on Tuesday at the Treasury Department that they will offer both prime and subprime borrowers who are more than three months behind a chance to halt foreclosure proceedings for 30 days and work […]

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With record home foreclosures looming by the end of 2008, the Bush Administration is compelled to do something - anything - before the bottom falls out of the economy. Last week, the administration announced that an agreement had been reached with an alliance of the nation’s banks and mortgage lenders to temporarily freeze the […]

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