* You are viewing the archive for April 23rd, 2008
I have a web page that explains the mortgage loan process and I thought it was comprehensive but I get at least one question a day about the loan process. Perhaps it is unclear because many things actually happen in parallel.
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Many people are starting to ask why they are unable to obtain a mortgage; it is not just those who have an adverse credit history who are being affected. So why are mortgage lenders so unwilling will to let people borrow their money?
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US states find little change in mortgage servicing
Reuters - WASHINGTON, April 22 (Reuters) - Months of efforts by the mortgage industry and the US government to rescue troubled homeowners have not improved the … • Federal Mortgage Aid Needed Now, Consumer Group Warns 70% of subprime borrowers aren't getting help Report says efforts to help delinquent borrowers not succeeding |
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Self-certification mortgages
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 Turkish Press |
Lenders pledge to pass rate cuts on to mortgage-payers
Independent, UK - The pledge will come as a welcome piece of news to more than 1.4 million mortgage holders who are facing a "payment shock" with a steep rise in their … CML welcomes £50bn mortgage swap Homeowners to get 'mortgage help' UK's Darling will mortgage lenders on Tuesday |
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 CNNMoney.com |
Why mortgage rates won't fall
BBC News, UK - But there is a second reason why banks haven't cut mortgage rates in line with recent falls in the Bank of England's official lending rate: in a slowing … Video: Bank of England Facilitates Bank Debt Swap BoE mortgage swap plan is no "silver bullet" Bank of England unveils £50bn mortgage |
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Refinancing may be able to alleviate some of your financial burdens.
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 CNNMoney.com |
Bank of America to tighten mortgage rules after Countrywide purchase
Bizjournals.com, NC - Following the merger, the combined mortgage operation will discontinue nontraditional mortgages for which monthly payments may not cover all interest and … BofA to Tighten Mortgage Standards B of A to Reset Mortgage Guidelines Bank of America to alter loan guidelines after acquisition |
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 LIVENEWS.com.au |
Home mortgage stress on rise
Melbourne Herald Sun, Australia - THE number of families under severe mortgage stress on Melbourne's fringes will double in the next six months, a report predicts. … 1 in 5 stressed borrowers losing home Rate rises stress Victorians One in five will lose homes: report |
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Nothing damages your credit history more than a foreclosure so you will want to avoid it at all costs.
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