Regulatory Agencies tightening rules for subprime mortgages

By Jack, on June 30th, 2007%

The Wall Street Journal reports that federal bank regulators issued new guidelines for subprime mortgages on June 29. While some are concerned that these new guidelines could make it harder for many borrowers to get [...]; . . . → Click Here to Read the Full Article

Comments are closed   Credit rating, Mortgages, Regulations

Foreclosures close to record high; what you can to avoid it!

By Jack, on June 15th, 2007%

The Wall Street Journal reports that the percentage of homes in foreclosure rose to 1.28%, up from .98% a year earlier. The situation is worst among sub prime mortgage loans, of course. 14% [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Mortgages