BofA to start reducing mortgage principal
Thursday, March 17th, 2011Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
Tax-credit deadline passes, mortgage applications swoon
Wednesday, March 16th, 2011You didn’t need to wait long for a sign of what the end of the home buyer tax credit program means: Mortgage applications by buyers fell 27 percent last week — following a 10 percent drop the week before — to their lowest level in 13 years.
Mortgage loan modification and credit scores
Wednesday, March 16th, 2011A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.
The Home Loan Modification Program Brings Mortgage Aid To Struggling Homeowners
Wednesday, March 16th, 2011There have been many complaints about lenders and the home loan modification program as a whole from homeowners who are very upset with their experience in seeking a loan modification on their home. Many people have been using mortgage modifications as a way to get a more affordable mortgage payment during these tough economic times.
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case
Wednesday, March 16th, 2011The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
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