Upside Down Mortgage News -Negative Equity Mortgage

The Latest news from all over the place:

Home Affordable Foreclosure Alternatives Program (HAFA)

The Fed announced it is going to launch a program in 2010 that encourages lenders to agree to more short sales on homes. See the pdf of the announcement here. Here are some excepts as well.........

http://www.indoocean.com/home-mortgage-refinance-suggestion-to-save-precious-money-2/

Home mortgage refinance is one of the best ways to save money for debtors by switching to a low interest rate plan. A thorough research is needed to analyze schemes offered by different moneylenders......

Rates on 30-Year Refinance Mortgages Sink, Match Record Low

While employment, housing, and the economy in general remain in tough shape, refinance and home purchase mortgage rates have officially sunk to record lows. Last week, Freddie Mac reported that average rates on 30-year mortgages have fallen to a level matching the record low interest rates reached this past spring. Rates for 30-year mortgages averaged 4.78 percent last week, down from 4.83 percent the prior week and equaling the record low reached the week of April 30.........

Real Estate - Taking a Cash Out Refinance Mortgage

When you own real estate, taking a cash out refinance can provide you with many benefits. Your home's equity can be a valuable source of emergency, here are a few things to consider about cash out refinances.....

Judge Blasts Onewest Bank And Wipes Out $500,000 Mortgage For Troubled Homeowners

A Judge finally makes a move to do something that was promised by the Obama Administration but was never delivered on.

Remember when President Obama was running for office and there was all this talk about helping the troubled homeowners. There was going to be a $750 Billion initiative that was going to stop the housing crisis, quell foreclosures, and save the average American homeowner......

President Obama To Lean On Mortgage Lenders To Help Troubled Homeowners

It seems that the news today was that President Obama was finally going to lean on mortgage lenders to get the to actually help homeowners.

Isn’t that what the first stimulus package was supposed to do? It seemed that way to quick, the homeowner was passed over for the Wall Street Fat Cats. The end result is here we are 10 months later and the banks that were too big to go under are now paying out bonuses of Billions of Dollar to the same teams that got them into trouble while the average American is worried about the stability of their job.....