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Obama’s foreclosure rescue plan is losing its punch

Obama’s foreclosure rescue plan is losing its punch According to a federal report released Friday, fewer people are using the Obama administration’s program that was designed to help keep people out of foreclosure. Read more on NBC 13 Birmingham Foreclosure figures still rising More than 100,000 properties — an average of 2,300 per month — have been repossessed in the three big...

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Make a Mortgage Broker Part of your Financial Plan

Make a Mortgage Broker Part of your Financial Plan For most Canadians, buying a home is the largest financial decision they will make in their lifetime. Yet, consumers across the country are more likely to painstakingly review dozens of investment possibilities for their portfolios than to scrutinize their mortgage choices. The mortgage world – like the investment world – can sometimes be...

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Mortgage modification plan helps few borrowers

Mortgage modification plan helps few borrowers New York (CNNMoney.com) – More troubled homeowners have fallen out of trial mortgage modifications than have received long-term help, a new government report shows. But nearly half of these borrowers received alternate help, while only 7% have fallen into foreclosure. The administration’s signature housing-rescue plan, Home Affordable Modification...