Historical Interest Rate Cut

In a recent article Kelly Media Group president, Jason Cardiff, “The fact the mortgage lenders are willing to provide loan workouts to homeowners that do not qualify for traditional or FHA refinance loans is simply remarkable.”  Cardiff continued, “The rate cut by the Federal Reserve clearly signals a monumental step by the U.S. to restore trust in our financial [...]

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More Homeowners Delinquent on Mortgage Payments

The FDIC and many mortgage lenders are focusing their attention on foreclosure prevention remedies through loan modifications, short sales and forbearance.  For prime loans at fixed rates, 0.34 % entered foreclosure proceedings in the quarter. For bad credit mortgage loans with adjustable rates, often cited as the catalyst to the financial crisis, 6.47 % of [...]

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