Mortgage News: N.H.’s mortgage crisis: how to get help

Sources of help for homeowners and prospective homeowners: STATE: -- New Hampshire Banking Department mortgage advice line, 800-437-5991, http://www.nh.gov/banking -- New Hampshire Housing Financing Authority: 472-8623, http://www.nhhfa.org CITY/REGIONAL: -- Littleton: Ahead Inc., 444-1377, http://www.homesahead.gov -- Concord: CATCH Neighborhood Housing, 225-8835, http://www.catchhousing.org -- ... More... (Foreclosure News, Education, and Updates, Mortgage Education, Mortgage News)
Add a Comment , , March 23rd, 2008

Gov’t Eases Fannie, Freddie Restraints

Government Enacts Plan to Ease Capital Restraints on Fannie, Freddie; Goal Is $200B Infusion WASHINGTON (AP) -- The government on Wednesday relaxed capital requirements at Fannie Mae and Freddie Mac as part of a plan to ... More... (Mortgage News)
Add a Comment , , March 20th, 2008

New Fannie, Freddie rules: $200B for mortgages

$200B added to mortgage pipeline Regulators are lowering capital requirements for mortgage finance firms - a move that could pump hundreds of billions more into mortgage market but raises risks. NEW YORK (CNNMoney.com) -- An additional $200 ... More... (Mortgage News)
Add a Comment , , March 19th, 2008

How bad is the mortgage crisis going to get?

What started in subprime is likely to continue cascading into the markets and keep the economy down until 2010, economist Paul Krugman forecasts. Bottom line for homeowners: An average drop of 25%. (Fortune Magazine) -- If ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , March 18th, 2008

Risks seen for growing Fannie, Freddie

Loosening the regulatory reins around Fannie Mae and Freddie Mac gives them the freedom to play a bigger role in trying to stabilize a worsening housing market. The danger, some analysts say, is that the government-sponsored ... More... (Mortgage News)
Add a Comment , , March 1st, 2008

Mortgage crisis squeezes student loans

If you want to borrow a lot of money for college, you are not going to like what the mortgage mess is doing to you. The credit crunch, which started with a panic over people missing ... More... (Mortgage News)
Add a Comment , , February 25th, 2008

Governors demand federal leadership on subprime mortgage crisis

WASHINGTON - Governors from across the United States, including New York’s Eliot Spitzer, called on the Bush Administration to deliver a comprehensive solution to the ongoing mortgage crisis. As more Americans lose their homes, the ... More... (Foreclosure News, Education, and Updates, Mortgage News)
Add a Comment , February 25th, 2008

Home Mortgage Crisis Worsens, Notices, Foreclosures Skyrocket

Notices of Default and Notices of Trustee’s Sale skyrocketed in San Diego County last month, according to several foreclosure reports released this month. According to Mount Pleasant, Pa.-based Default Research Inc., San Diego had 6,003 Notices ... More... (Mortgage News, Real Estate News)
Add a Comment , , , February 25th, 2008

Mortgage crisis: Don’t forgive debt, just postpone repayment

A new plan from the Office of Thrift Supervision would have lenders reduce mortgage balances, but let them collect the difference later. NEW YORK (CNNMoney.com) -- A plan that would help troubled mortgage borrowers today - ... More... (Foreclosure News, Education, and Updates, Mortgage News)
Add a Comment , , February 21st, 2008