Foreclosure Help : About Hardship Letters to Stop Foreclosure

There is no law that requires a lender to read a hardship letter, but many want to see what the circumstances of an individual case were before considering granting leniency or refinancing. Use hardship letters to set forth the event that led to the failure to make mortgage payments with help from a civil mediator [...]

Behind the Scenes: Antioch Missionary Baptist Church

FACT: In 2006, the foreclosure rates were higher among African-Americans and Latinos. However, Caucasians struggled with predatory lending practices as well. Last year, more than 72 percent of home refinance loans issued to African American Detroiters were high-cos, high interest loans, according to a September 2007 study commissioned by ACORN. More than 48 percent were [...]

Banks Mortgage Approval Rates Rise by 4%

The amount of mortgage approvals in Jan this year has risen by 4% to 39,230 and according to the figures released by the Bank of England, the rise in mortgage approvals might continue going up.
The sum of all the mortgages approved by the banks in Jan came to £4.6 billion which is a increase [...]

There are lending options for potential home buyers

Credit unions of banks
Home loans were once the exclusive business of banks. Just a few short years ago credit unions joined the fray and banks were no longer the only option when it came to borrowing money for a home purchase. Banks and credit unions offer competitive options when it came to mortgage funding and [...]