According to an article in the Star-Telegram officials from the Treasury and FDIC are currently negotiating a plan that would get the U.S. government to guarantee the mortgages of nearly 3 million distressed homeowners...
The number of the religious and community groups pushing lenders to renegotiate troubled loans so homeowners can avoid foreclosure is growing. PICO National Network , based in Oakland, California, says it is working with...
According to an article on CNN Money over 851,000 homes have been foreclosed on by lenders since August 2007. Another 265,968 borrowers received foreclosure filings in September and although that's a 12% drop from...
The two presidential candidates Senator John McCain and Senator Barack Obama both agree that the current foreclosure crisis demands an immediate fix; but they disagree on exactly what is the right plan of action...
The recent Bail Out bill passed by Congress has failed to address the root of our current economic crisis -- the drowning homeowner. Six million people are expected to default on their mortgages in...
Congress approved The Emergency Economic Stabilization Act last week and it was quickly signed by President Bush on Friday. Although the bill contains language requiring the Treasury Department to develop a plan to "mitigate"...
Facing the prospect of losing a home to foreclosure can put the best of us under extreme stress and pressure, causing us to grasp at any straw to save our biggest investment. That's why...
