Holden Lewis is on vacation.
States such as Michigan, Arizona and Florida that have been hard hit by unemployment and foreclosures are introducing new programs to help homeowners who can’t manage their mortgage payments.
The federally funded programs offer new help to homeowners who may have been disappointed by other federal government assistance programs.
The Michigan State Housing [...]
Posts Tagged ‘foreclosures’
States offer mortgage aid
January 13th, 2011 by Financial Writer
Tags: au, bank, bank of america, banks, California, fed, federal government, finance, Florida, foreclosure, foreclosures, government, homeowners, housing, illinois, india, lender, mortgage, mortgages, north carolina, owners, South Carolina, ubs, unemployed, unemployment, us, wells fargo
more...Increase In Mortgage Rates Predictions
December 22nd, 2010 by Financial Writer
The current mortgage interest rate forecast for the United States is the mortgage interest will remain at historically low levels in November until after the election, and then start rising too high. Homeowners in the United States can not presume that mortgage rates are at low levels historically, as it has since been a [...]
Tags: au, bank, banks, crisis, dollar, economic, fed, financial, financial system, foreclosure, foreclosures, homeowners, housing, housing market, increase, inflation, interest rate, interest rates, loan, loans, mortgage, mortgage rates, mortgages, oil, oil prices, owners, rate, sales, subprime mortgages, the dollar, united states, us
Mortgage delinquencies decline
December 18th, 2010 by Financial Writer
Fewer people were late on their mortgage payments during the third quarter of this year, according to the Mortgage Bankers Association. At the same time, there was an increase in the number of loans entering foreclosure.
The decrease in mortgage delinquencies is a sign of an improving economy, says Michael Fratantoni, the association’s vice president of [...]
Tags: bank, bankers, California, crisis, delinquencies, economic, economics, economy, Florida, foreclosure, foreclosures, increase, lender, loan, loans, mortgage, mortgage bankers, mortgages, president, rate, us
The overblown menace of robosigners
December 9th, 2010 by Financial Writer
A lot of homeowners face foreclosure. The overwhelming majority of them haven’t been making their house payments.
This simple truth has been obscured by the foreclosure paperwork scandal.
In 23 states, foreclosures must be accomplished through the court system. (In the other states, lenders handle foreclosures administratively, although homeowners can choose to defend themselves in court.)
Lenders are [...]
Tags: au, bank, bank of america, consumer, consumer advocates, Debt, debts, foreclosure, foreclosures, homeowners, job, lender, lenders, mortgage, new york, owners, president, us
U.S. unveils plan to shrink some home loans
March 26th, 2010 by Financial Writer
After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
The multifaceted effort will let people who owe more on their mortgages than their properties are worth get new loans backed by the Federal Housing [...]
Tags: borrowers, foreclosures, homeowners, mortgage companies