Mortgage Foreclosure & Refinance Resource

Mortgage Refinance and Loan Modification News and Guides

JPMorgan Chase and Citigroup are Halting Foreclosures

February 13th, 2009 · No Comments

JPMorgan Chase and Citigroup are halting home foreclosures while the Obama administration develops its plans to help the battered American housing market.
JPMorgan’s chief executive, Jamie Dimon, said the bank planned plans to halt new foreclosures for owner-occupied home loans through March 6. Mr. Dimon made the pledge in a letter to Representative Barney Frank, the [...]

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Tags: "mortgage modification" · Foreclosure Information · Government Bailout

Subprime crisis slows down, Prime crisis picks up steam

August 4th, 2008 · No Comments

The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building.
Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with mortgages made to people with weak, or subprime, credit are showing their first, tentative [...]

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Tags: Foreclosure Statistics · Mortgage Notes

Project Lifeline Unveiled for Homeowners in Foreclosure

February 12th, 2008 · 1 Comment

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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Tags: Avoiding Foreclosure · Foreclosure Information · Mortgage Legislation · Mortgage Refinancing