Mortgage Foreclosure & Refinance Resource

 The federal government announced plans Wednesday to modify a program to make it easier for troubled homeowners to exchange problematic mortgages for more inexpensive ones. The new expedited regulations will expand on the Housing and Urban Development Department’s hope for homeowners program.
The changes will give lenders a greater incentive to participate, by allowing them to [...]

[Read more →]

The study circulated within the American Securitization Forum says more than 600,000 troubled homeowners could win new mortgage terms if Federal Housing Administration loosened the terms for some of its progams. A wave of foreclosures could be prevented if the largest federal home-ownership program were open to more delinquent U.S. borrowers according to a study.

Specifically, [...]

[Read more →]

One of the adjustable rate mortgage relief programs that is covered in our refinance wizard is FHA sponsored FHASecure. A few days ago HUD disclosed that only 87 delinquent conventional loans were refinanced in the first two weeks of November, nowhere near the numbers anyone would expect given claims that more than 33,000 FHASecure loans [...]

[Read more →]