|
|
|
Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced this week by the Bush administration will rescue every troubled borrower on...
A new program aimed at homeowners who haven't defaulted yet could help 130,000 mortgage borrowers stay in their homes. The Citi effort, dubbed the Citi Homeownership Assistance Program, targets 500,000 Citi borrowers....
The worsening financial crisis stops bargain hunters in their tracks. The Pending Home Sales Index for the month fell 4.6% to 89.2 after climbing 7.4% in August, according to the National Association of Realtors (NAR). NAR said...
Bad loans were originally the main culprit driving homeowners into foreclosure. The Bureau of Labor Statistics reported in early October that 159,000 private sector jobs were lost in September, and on Friday, economists expect...
The bank will put a moratorium on foreclosures until its new program can be implemented in about 90 days. JP Morgan Chase unveiled a bold new foreclosure prevention program Friday. "While Chase has helped many families already,...
Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth - and that number is growing. At least 7.5 million Americans owe more on their mortgages than their homes are currently worth,...
Nearly a fifth of all U.S. mortgage borrowers owe more on their homes than they are currently worth - and that number is growing. At least 7.5 million American homeowners owe more on thier homes than they are currently worth,...
