Mortgage Foreclosure & Refinance Resource

Fannie Mae, Freddie Mac and HOPE NOW, along with the Treasury and Federal Housing Finance Agency (FHFA), devised a free market plan to help only those homeowners whose mortgages are guaranteed toxic. In compliance with the Bush Administration doctrine – assist no homeowner who can make his payments or can be foreclosed profitably. [Sarcasm homegrown].
In [...]

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First-time homebuyers, veterans, senior citizens and delinquent mortgage holders may benefit from the newly enacted housing bill. How well it will work may depend on regulators and your bank.
The Housing and Economic Recovery Act, intended to stem home foreclosures and spark sales, offers first-time buyers a tax credit of up to $7,500. It also extends [...]

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In a scathing article, “MORTGAGE MELTDOWN Interest rate ‘freeze’ - the real story is fraud Bankers pay lip service to families while scurrying to avert suits, prison” Sean Olender gets to the heart of the proposed ‘buyout’ and ‘freeze’.
A must read article, but here is the gist:
The sole goal of the freeze is to prevent [...]

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