If collections made a debt settlement offer or a company made a foreclosure rescue offer read this first Our material is dedicated to the financial crisis of 2007, documenting the period before, during, and after. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. We are a watchdog and consumer advocacy organization.
Mortgage applications fell to an eight-year low last week as Americans delay or abandon purchases and fewer people seek to refinance their loans. I suppose most Americans think home prices will go even lower. The age old theory of buying low and selling high still holds true. What do you think Americans [...]
The SEC ordered that before anyone could execute a short sale in any of 19 stocks on its list, the hopeful short seller had to locate shares that could be borrowed. Here is a list of those targeted for naked short sale emergency protection:
Allianz Aktiengesellschaft (AZ), Bank Of America Corp (BAC), Barclays PLC (BCS), [...]
Freddie Mac announced yesterday that it would double compensation paid to mortgage servicers for each workout that helps avoid foreclosure of a mortgage owned by Freddie Mac. In order to qualify for the reimbursement, the mortgage must be at least 90 days delinquent. An independent third party vendor must make the outreach and the [...]
Even with the Fed lowering their rate to 2%, interest on fixed rate mortgages has steadily risen. The relief is slow in coming and with borrowers desperate for any improvement however slight, the deck is stacked against them. There are so many trying to refinance away from their adjustable rate mortgages that they are [...]
The surge in foreclosures in the country is all the news. I lost count of the number of internet sites that offer subscriptions for foreclosure lists. Paying for free information seems like one more way to lose money in the subprime meltdown. Registering at some of those sites involve paying for [...]
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