Oct 1st 2010 5:49PM
With JPMorgan Chase and Ally Financial both calling a temporary halt to foreclosures and members of Congress questioning Fannie Mae and Freddie Mac's use of "foreclosure mills," are these just unnecessary delays for inevitable defaults? Will other major loan servicers be next in line? RealtyTrac senior vice president Rick... Continue Reading »
Apr 14th 2010 2:00PM
Tuesday's hearing by the House Committee on Financial Services was ostensibly on "Second Liens and Other Barriers to Principal Reduction as an Effective Foreclosure Mitigation Program," as the mouthful of a title indicates. Many housing experts and regulators have come believe that principal reduction is the most effective... Continue Reading »
Mar 25th 2010 4:30PM
Many banks give away plush animals and sports posters to lure in customers, but one East Coast bank is pulling out all stops amid the housing crisis with a sweepstakes that will pay off your home mortgage up to $250,000. The Big Three -- Bank of America, Wells Fargo and Chase -- could take a lesson or two from this... Continue Reading »
Dec 14th 2009 5:00PM
It's understandable why a bank might not want to to refinance a home that is underwater, or where the owner can't show enough income to justify the rate. But what about a perfectly normal mortgage? The New York Times had a recent piece about otherwise qualified homeowners who try to refinance their mortgages at today's... Continue Reading »
