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Countrywide Mortgage Foreclosures Are Up – What This Means To You
Countrywide Mortgage foreclosures are up. As of February 2007, the company reports that foreclosures have doubled from this same time a year ago. They attribute the rise to more lenders tightening the requirements for their loans and the appreciation of homes becoming sluggish.
Subprime lenders, who loan people with challenged credit money to buy a home, [...]
Free Credit Repair Is This Possible
If you have ever shopped credit repair, you know it is not cheap. Credit repair companies and credit repair attorneys are expensive. The process is going to cost you at least $250 on the low side to work with either one.
There are a lot of loan officers that will refer you to a credit repair [...]
Mortgage Rates News This Week
The financial markets hit some choppy waters this week. With successive drops of 427 and 445 points the Dow ended down substantially for the week.
For some positive news this marks the third week in a row where mortgage rates went down. The wild swings we saw earlier in mortgage rates have for the [...]
Northern Rock Is Nationalised – What Does This Mean ?
Northern Rock plc was nationalised by the UK government and the shares suspended on 18 February 2008.
There are several groups of interested parties in Northern Rock. They are the shareholders, depositors and mortgage holders.
Shareholders
Nationalisation is devastating news for shareholders. There were several options for a rescue plan, and the City considered the Virgin bid, by [...]
5 Sizzling Ways To Finance A Home This Summer
Despite the negative press we are pounded with daily concerning the state of the housing market, and the difficulties in the banking system, it is actually a great time to purchase a home. Prices have not been this low in years, interest rates remain at historical lows, and buyers have tremendous bargaining power. [...]