For better or worse, FNMA keeps tightening the reins on those unlucky (not so) few that are going through the foreclosure process. They announced earlier this spring that they were increasing the time period (up a year, to 5 years) that borrowers who have been foreclosed upon would have to wait to be considered to […]
Popularity: 26% [?]
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Tags: Banking · Consumer Debt · Mortgages
Many people are finding out they are “upside down” on their home these days if they bought during the real estate crazy years of 2005-2006. In addition, many those are not able to afford the payments on their mortgages as interest rates rise. In the metro areas that saw the biggest […]
Popularity: 27% [?]
[Read more →]
Tags: Consumer Debt · Mortgages