Nearly $1.2B in mortgage assistance to be available starting Nov. 1
Sunday, March 13th, 2011With as many as one in five California homeowners behind on their mortgage payments, nearly $1.2 billion will become available Nov. 1 to help low- and moderate-income families stay in their homes, officials said Wednesday.
Houston’s July foreclosure rate highest in 19 months
Sunday, March 13th, 2011Houston’s foreclosure rate hit a 19-month high in July. At the same time, July’s percentage of local mortgage loans that were at least three months delinquent represented the sixth straight month of declines.
Biden asks for temporary Del. foreclosure freeze
Sunday, March 13th, 2011A spokesman for Delaware Attorney General Beau Biden’s office says Biden is calling on mortgage banks to suspend all pending foreclosures in Delaware until their foreclosure policies are reviewed.
Marin Borrowers Unite Against Mortgage Firms
Sunday, March 13th, 2011A small nonprofit last year formed an unusual support group for troubled Marin County homeowners. The group has helped members file dozens of lawsuits against mortgage companies, in a sometimes-controversial tactic aimed at staving off foreclosures. The group’s members say they have had some success in buying time or bringing the companies to the negotiating [...]
Rate rise could be shocking for borrowers
Sunday, March 13th, 2011Mortgage borrowers benefiting from record low interest rates could be in for a rate shock next year. Experts warn that interest rates could start climbing from next spring, leaving borrowers on variable rates forced to dig deeper to meet monthly mortgage commitments. There are several tactics borrowers can adopt to ease the effect of future [...]
« Previous Entries Next Entries »