Refinance Home Mortgage - Foreclosures soar in R.I.
Foreclosures soar in R.I.
Providence Journal - for borrowers who had grown accustomed to cashing out their home equity to refinance. Foreclosure proceedings are generally triggered when a borrower is 60 days to 90 days or more late on his or her monthly mortgage
First Mutual Bancshares Earns $2.7 Million, or $0.39 Per Share, in
MSN MoneyCentral - In addition, our single-family mortgage and construction loans typically generate superior yields relative to traditional home loans.” New loan originations were $95 million in the first quarter of 2007, compared to $121 million a year ago. Net
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Freddie Mac plans $20B in help for subprime borrowers
USA Today - WASHINGTON Mortgage giant Freddie Mac (FRE) pledged $20 billion on Wednesday to help stressed homeowners refinance out of higher-cost subprime mortgages, while lender Washington Mutual (WM) laid out its own $2 billion assistance plan. The moves
Mortgage bailout is a bad idea, readers say
San Francisco Gate - I am gasping for breath every time I receive my monthly mortgage statement.” Because she got the loan from a “good friend,” she did not ask any questions until it was too late — a mistake she readily admits. She’d like to refinance, but she