Refinancing a mortgage can be a great way to improve a loan while getting more money out of your home. Many home owners rush to refinance once interest rates drop and while this may work for some, other will do well to avoid refinancing all together. Essentially refinancing replaces the current mortgage... more
The latest statistics show that the nation’s mortgage crisis has nearly reached the breaking point. Figures indicate the number of Americans who fell behind on their mortgage payments increased to a 20-year high in the 3rd quarter of the year. The crisis seems to be the result of the fact that... more
The nation’s largest mortgage lender has suffered a setback in the financial markets. Fannie Mae recently experienced its largest two-day share-price drop in two decades. The stock market plunge came amidst news that the lending giant might have understated its credit losses. Shares of Fannie... more
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