The Federal Reserve states that the increasing foreclosure rate is an urgent and serious problem. The reserve says that remedies that are nontraditional are needed to assist those who own homes with mortgages. Stagnant and declining prices of homes are the main part of the recent increase in foreclosures and delinquencies. Legislation being proposed to increase [...]
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Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
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