How a foreclosure happens
Foreclosures are generally feared, but little understood. Although lenders, typically banks, are entitled to start foreclosure proceedings against a homeowner once a payment is 30 days late, they generally wait …
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Paulson calls mortgage modifications 'promising' (Detroit News) Treasury Secretary Henry Paulson said the mortgage industry's program to help distressed borrowers is showing promise and urged further steps to offer assistance, Bloomberg News reported..read more...
Mortgage servicers aim to head off foreclosures (Market Watch) WASHINGTON (MarketWatch) -- Banks and mortgage companies are ramping up efforts to head off a wave of foreclosures by expanding and improving counseling services to troubled borrowers, the institutions and
China's mortgage quality worse than US - academic (Reuters via Yahoo! Asia News) HONG KONG, Aug 12 (Reuters) - The quality of Chinese home loans is worse than in the United States, where a subprime mortgage crisis is causing turmoil in global
GE Money launches mortgages in Manitoba As part of its national expansion strategy, GE Money, the Canadian consumer-lending unit of General Electric Co., officially launched its consumer mortgage business in Manitoba on Monday.read more...
Homeowner finds mortgage carousel ride scary (The Palm Beach Post) The worst housing slump in 16 years has produced a subprime mortgage meltdown, widespread layoffs and record foreclosures.read more...
Are You in the Right Mortgage? (Wellsville Daily Reporter) (ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about