Mortgage, Home Loan & Refinance Information

11.3 million homeowners underwater on mortgage - Seattle Times
Once the mortgage is underwater, owners cannot easily sell their home or refinance their loan. Underwater mortgages are concentrated in few states: California, Florida, Nevada, Arizona, Michigan and Georgia. In Nevada, 70 percent of mortgages were ...
Posted: Sat, 06 Mar 2010 05:58:00 GMT

Dodging deficiency - Marketwatch
... money to pay for the mortgage and the taxes, but the property is depreciating almost daily with no light on the horizon. She does not live in it. She lives in a different state. She wanted to keep the house but can not refinance ... your home'
Posted: Fri, 12 Mar 2010 22:54:00 GMT

Struggling for a way out of a home worth less than the ... - Raleigh News & Observer
Have your mortgage loan number at hand and basic budget information required for free, HUD-approved counseling. -The federal government's new Making Home Affordable refinance program expires in June. Unless it's extended, some homeowners who owe more ...
Posted: Thu, 11 Mar 2010 13:08:00 GMT

Obama Administration to Provide More Funding Support ... - MortgageNewsDaily.com
... in the individual states which will be able to use the funds to prevent foreclosures among unemployed homeowners and to assist those who cannot refinance ... assist in situations where a home equity loan or second mortgage is preventing a ...
Posted: Thu, 11 Mar 2010 22:27:00 GMT

Walking away from property isn’t always so easy - MENAFN
... to pay for the mortgage and the taxes, but the property is depreciating almost daily with no light on the horizon. She does not live in it. She lives in a different state. She wanted to keep the house but can not refinance ... Alaska, Arizona,
Posted: Fri, 12 Mar 2010 15:59:00 GMT

Owners walk from homes, values erode - Detroit Free Press
... continue to push down home prices. While states such as Arizona ... your mortgage loan number at hand and basic budget information required for free, HUD-approved counseling. • The federal government's new Making Home Affordable refinance
Posted: Sun, 07 Mar 2010 10:21:00 GMT

Pay Option ARM Recasts: Is There More Pain on the ... - MortgageNewsDaily.com
... home prices. As we know from recent experience, foreclosures have ripple effects, making it more difficult for others to sell or refinance their homes. This could lead to increased volatility in the value of both collateral behind mortgage ...
Posted: Mon, 08 Mar 2010 16:40:00 GMT

Will other states follow Pennsylvania helping the ... - Walletpop.com
To qualify, you need to live in the home and have suffered a financial hardship ... And mortgage companies have taken a hard line -- often refusing to allow people who lost their jobs to refinance to a lower rate, even if that lower rate is currently ...
Posted: Tue, 09 Mar 2010 19:44:00 GMT

Congress has for years been digging America’s grave - Las Vegas Sun
... occurred in the institutions with the least federal oversight" "Analysis of 2006 Home Mortgage Disclosure Act (HMDA) data indicates that two-thirds of mortgage loans (first-lien home purchase and refinance ... Las Vegas, Arizona, and South ...
Posted: Mon, 08 Mar 2010 19:03:00 GMT

March 2010 - Weblogs.baltimoresun.com
I have two children that I was ordered by the State of Arizona to pay ... keep the house, but did not refinance. I last claimed the home on taxes (took half the benefit) in 2007 year taxes). My name still remains on the mortgage. So, my question is ...
Posted: Tue, 09 Mar 2010 13:25:00 GMT