Articles about interest rates

A couple who returned a few months back to their mortgaged property in the Bay Area, after having spent a short vacation at Fort Bliss of Texas, have ceased unpacking even now as the situation is still very dicey in their area. Whenever they have tried to contact their lender for a modification in [...]

Many loan modifications have indeed worked for the benefit of the public, leaving a dent in the financial state of many banks and lending institutions. Up until now, there has been loan modifications that have helped in freezing the interest rates or repayment issues in arrears. However, there have also been benefits occurring too. Recently [...]

Foreclosure has claimed one more victim. This time it is US baseball star Jose Canseco, who lost his mansion in California on Thursday. He is also one of the first few celebrities who have admitted to being part of the foreclosure crisis publicly. He has had two divorces and has also been booked a few [...]

A proposal for a six month suspension on foreclosures has been made by some lawmakers as the numbers of people unable to pay their mortgages are increasing. Three bills have been introduced with the purpose of providing relief to the mortgage climate and the proposal for moratorium is among them. According to the second bill [...]

If the current turmoil caused by the current foreclosure levels was not enough, here is some more potentially devastating news coming your way in the California real estate market. Soon to be released by DataQuick Information Systems, a new report is supposed to show a further rise in foreclosure activity in Southern California, with more [...]

At Maryland, many homeowners are now being faced with the scourge of foreclosures that are spreading like a plague across the nation. The legislation has now aimed at helping them to rise above the tide of the overpowering foreclosure rates. A House Committee has been set for full-fledged action to take place. This has [...]

In an unexpected development last Tuesday, property statistics company Realty Trac reported that foreclosure filings for the month of March 2008 have actually gone up by 57% compared to the same period last year.
Painting an exceedingly grim picture for the near future, this report showed that more and more people are not being able to [...]

The lawmakers of New Jersey are trying to improve the situation created by rising foreclosures. In order to achieve this end, a six-month suspension is being imposed on the defaulters of subprime loans. This will create a new subprime loan fund that will enable people to hold on to their homes.
Those who [...]

Foreclosures are continuing to rise and people are getting hit harder than ever. Cindy Harnasch, title officer at First American Title says that in February alone, First American Title handled over 35 foreclosures in Coeur d’Alene. She stated that one woman lost about 15 properties just with First American and more through other title companies. [...]

The White House has recently sought to veto a bill that would enable to follow up recent economic accelerations in foreclosures. The package deals in keeping the upsurge of foreclosures in check.
The Democrats of the Senate had hoped to start on the housing bill on Tuesday. The main action has however been postponed until later [...]