Adjustable mortgages are the main culprits in the current foreclosure crisis. If these loans had fixed rates, the amount of the mortgages may be decreasing. Adjustable mortgage are loans that started out with low interest rates. Homeowners were paying for homes that they would ordinarily not be qualified for based on [...]
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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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