Mortgage Foreclosure & Refinance Resource

We’re borrowing this breakdown from BusinessWeek, but you can see the information for yourself. Click on the map for full size.

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HOPE NOW, FHASecure, Mortgage Relief Fund and other programs have been setup by HUD, FHA, banks and lenders to help home owners avoid foreclosure by either freezing the teaser rates on the adjustable rate mortgages or helping refinance the subprime mortgages into payment terms that will allow owners to keep the home. To help figure [...]

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The Boston Federal Reserve Bank and five U.S. banks unveiled details of a $125 million Mortgage Relief Fund to help New England homeowners who are facing potentially unfordable increases in their monthly mortgage payments refinance into fixed-interest-rate home loans. The Mortgage Relief Fund should make it easier for some homeowners who are paying high rates [...]

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