Archive for December, 2008
Brokers Agree Best Time to Buy a House is During Foreclosure CrisisDecember 8th, 2008
The current foreclosure crisis has made it harder for people to part with their hard-earned money, especially using it to buy properties given the prevailing uncertainty in the housing … More >>
The Smaller Scale of the Foreclosure CrisisDecember 8th, 2008
Del Norte is a far-flung county in California and yet it still felt the shock of the mortgage More >>
California Foreclosures Left in RuinsDecember 8th, 2008
The foreclosure crisis continues its journey within the whole nation, and one great problem associated with this is the growing number of foreclosed homes that are being destroyed as it … More >>
TALF Could Bring Lower Loan Prices, Save Foreclosures and Improve Home SalesDecember 6th, 2008
Having $600 billion to spend, the Federal Reserve sees 2009 as a time for the resurgence of the housing sector. It plans to affect loan rates, home prices, number of foreclosures and the … More >>
US Treasury Wishes to Use TARP to Aid the Foreclosure TroublesDecember 6th, 2008
The Secretary of Treasury wants to reinforce the financial system to have loan availability back into the economy. As of now they are eyeing projects that will make use of the Troubled … More >>
Foreclosure Crisis Gets the Government MovingDecember 5th, 2008
It is sad to see foreclosed properties deteriorate over time. What makes this even sadder is the number of such properties keep increasing through time. And one of the places that is … More >>
Foreclosure Modification Program on the Way, says FrankDecember 5th, 2008
The Bush administration will now dance to a new tune in an effort to stem foreclosures, says Democrat and Rep. Barney More >>
Delays in Congress not helping Foreclosures ResolutionDecember 4th, 2008
The $700 billion in funds promulgated by Congress a few months back in an attempt to assist financial institutions through this economic crisis has been ineffective in fulfilling its … More >>
Unabated Foreclosures Causing Consumers to Control Their Purchases Despite Offers of Low Home PricesDecember 3rd, 2008
Maybe they have learned their lessons or maybe they are just afraid that the current economic crisis will not be resolved in the near future. But whatever their reasons are, the dropped in … More >>
Drop in Mortgage Interest Rates: An Opportunity for Homeowners Facing ForeclosureDecember 3rd, 2008
The weekly survey conducted by U.S. Federal Home Loan Mortgage Corp. or Freddie Mac showed that interest rates for a 30-year fixed-rate mortgage declined below 6 percent on average for the … More >>
