The foreclosure process for many American homeowners has been interrupted repeatedly by federal and state moratoriums over the past six months. The two largest government-controlled lenders, Fannie Mae and Freddie Mac, in November imposed holiday suspensions of foreclosure-related evictions that were extended multiple times until March 31. At the urging of Congress, financial giants Bank [...]
Entries Tagged as 'Mortgage Delinquency'
As the Foreclosure Moratorium is Lifted, What Next?
April 24th, 2009 · 2 Comments · Banking, Consumer Debt, Mortgages, Real Estate
Tags: foreclosure·foreclosure moratorium·housing·increased foreclosure rate·loan modification·Mortgage Delinquency
FAQs on the “Making Homes Affordable” Refinancing Initiative
March 16th, 2009 · No Comments · Mortgages, Real Estate
Are you one of the many Americans becoming overwhelmed by all the economic reform proposals, stimulus packages, and initiatives for this, that and the other thing? Join the club!
Recently, the Obama administration announced formal details regarding one of the latest initiatives, the “Making Home Affordable Program”, designed to assist an estimated nine million [...]
Tags: home loan·Loan Modification Program·Making Homes Affordable Program·Mortgage Delinquency·mortgage refinancing·Mortgage Relief·Mortgages
The United State of Credit in America
February 27th, 2009 · No Comments · Consumer Debt, Credit Cards
Bet I got your curiosity peaked with that Title! Any guesses what we are talking about (other than the state of “poor”, or “no”)? All kidding aside…
We ran across a kind of cool interactive map of the United States that shows which parts of the country are defaulting on mortgage and credit-card loans. The color-coded [...]
Tags: credit·credit card default·credit card delinquency·Mortgage Delinquency·Mortgage Loans·Mortgages
Foreclosure Fever: Fannie Mae Increases Acceptable Elapsed Time Criteria to 5 Years
June 26th, 2008 · No Comments · Banking, Consumer Debt, Mortgages
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 [...]
Tags: Credit History·Fannie Mae·FNMA·foreclosure·Foreclosure Action·Mortgage Delinquency·Re-established Credit History
