The foreclosure process can easily turn into an emotional drawn out procedure. Consumers who become delinquent on their home loans are faced with months of late notices, warnings, demands for payments, and eventually eviction. In the meantime the bank is paying staff to work the accounts while not receiving … [Read more...]
More Homeowners Getting Mortgage Relief Assistance Finally
November 14, 2009 By 1 Comment
A mortgage relief program was developed by President Obama’s administration, but it has been slow to actually reach homeowners in danger of having their homes foreclosed. In the meantime foreclosures have continued to rise and many more are likely even as banks write off billions in bad loans. … [Read more...]
Demand For Fed Money Beginning To Ebb
August 3, 2009 By Leave a Comment
It seems that the demand for the Federal Reserve's emergency short-term lending programs has begun to ebb—another sign that U.S. credit markets are on the road to recovery. … [Read more...]