Declining Mortgage Rates Helps Foreclosure Prevention

The mortgage interest rates provided by Freddie Mac are presently at their lowest in years. This trend has been a good opportunity for homeowners who are facing foreclosure to take advantage of loan refinancing options. " From 6.06 percent last year, the average for 30-year...

Foreclosures: Renters Have No Protection

Deb Manuma, 49, is living in the Beacon Hillhouse for over 6 years with her daughter, niece and sister. As a renter of the said house, she has been a consistent on-time payer. Never had she imagined that the unit she and her family are renting is now considered a foreclosure...

Debate on Government’s Foreclosure Plan Rages On

Washington is still unsettled as to how to handle the foreclosure crisis."Last November 11, the administration publicized the government’s $ 700 billion plan to refinance delinquent loans controlled by mortgage companies, Freddie Mac and Fannie Mae. The already passed...

Citigroup Ties Up with Large Banks to Alleviate Foreclosure Crisis

American homeowners heading for foreclosure may put their hopes on a new project designed by Citigroup. The company has joined forces with Federal Deposit Insurance Corporation (FDIC), Morgan Stanley Chase, and other large banks to help mitigate property foreclosure problems...

Facing Foreclosure? Who to Turn To

Across the country, millions of homeowners have lost or about to lose their homes to foreclosure. Experts believe that a significant percentage of these homeowners failed to find a solution to their mortgage problems in time. Some may have simply decided to ignore their...