FDIC Unveils Incentives to Mortgage Industry to Modify Mortgage Loans
Federal Deposit Insurance Corp. Chairman Sheila Bair announced that the agency has created a program to offer economic incentives to the mortgage industry to modify loans and aid borrowers prevent...
View ArticleMortgage Justice Is Blind
The current American economic crisis, which began with a housing collapse that had devastating consequences for our financial system, now threatens the global economy. But while we are rushing around...
View ArticleCiti Provides Mortgage Loan Modifications to 500,000 Homeowners
Citigroup to offer mortgage loan relief to 500,000 mortgage customers who have high risk home loans. The modification plan is targeted at homeowners who are current on their payments but many...
View ArticleWashington Attorneys Seek Loan Modification Reform
A group of state attorneys general is urging federal officials to push national banks and federal thrifts to modify home mortgage loans that are becoming unaffordable for struggling buyers. In their...
View ArticleObama Mortgage Rescue Plan Rolls Out as Median Home Price Drop Below $300,000
While most real estate evaluators would agree that Obama’s mortgage rescue plan is likely to slow foreclosures for many homeowners, some financing experts question how much it can help in a high-cost...
View ArticleThirty Year Mortgage Rates Continue to Rise
Mortgage interest rates on U.S. 30-year fixed-rate mortgages rose to 5.57 % a few days after hovering around 5.47% earlier in the week. According to Zillow Mortgage the rate are down sharply from the...
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