No More Government Rescue For Bad Loans
If you were expecting the $700 Billion bailout plan to mean that the government might purchase some home loans and in so doing stabilize the real estate market, think again. This has some significant...
View ArticleUpdated Policies from Fannie Mae Could Have Defaulted Borrowers Borrowing Sooner
Fannie Mae thinks the borrowers of this country are important – including the ones that do not always pay their bills on time. “In an effort to support overall market stability and reinforce the...
View ArticleBank of America Considering a Nine-Month Mortgage Forbearance Plan for the...
Bank of America is considering offering unemployed homeowners who cannot afford their mortgage payments a full nine months of forbearance while they search for a new job. If, during the nine months,...
View ArticleNew Mortgage Rules in North Carolina Designed to Prevent “Unnecessary”...
Starting in June, licensed mortgage servicers will be required to stop foreclosure efforts if they receive a request to do so by the homeowner in foreclosure. The North Carolina Office of the...
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