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 [...]
FHASecure: A Government Insured Foreclosure Avoidance Program?
January 4th, 2008 · 5 Comments
Tags: Avoiding Foreclosure · Foreclosure Information · Foreclosure Statistics · Mortgage Refinancing
More on the Subprime Mortgage Bailout
December 9th, 2007 · No Comments
Here a few more more points on the mortgage bailout as found from other sources on the web:
Bailout in a finance term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given liquid funds, in order to meet its short term obligations. Often bail [...]
Tags: Foreclosure Information · Foreclosure Statistics · Mortgage Legislation
Foreclosures Up 94% from Last Year
December 1st, 2007 · No Comments
More U.S. homeowners fell behind on mortgage payments or even lost their homes last month compared to a year ago, with Nevada, California, Florida and Ohio posting the highest foreclosure rates, a mortgage research company said Thursday.A total of 224,451 foreclosure filings were reported in October, up 94 percent from 115,568 in the same month [...]
