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avoid forclosure Real Estate News Blog; October, 2007 Archive

FDIC to Mortgage Servicers: Freeze ARM Rates

By Art C Ryter at 10/06/07 22:24

Hope is on the horizon for homeowners who bought their houses with Adjustable Rate Mortgages that have not reset. The Federal Deposit Insurance Company is asking that mortgage servicers make the low ARM rates (those issued in the past two years) fixed rates in order to avoid risk of rising foreclosures. In essence, this is like a mortgage refinance but better in that the leading central bank in the United States is putting the pressure on lenders to work out the details.

Original source: . FDIC to Mortgage Servicers: Freeze ARM Rates

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Delaware Tags: foreclosure help • avoid forclosure • foreclosure refinance • foreclosure •
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Foreclosure Help Website

By Art C Ryter at 10/04/07 02:24
Handy little website with information about forclosure, mortgage refinance, foreclosure refinance options and ways to avoid foreclosure.

Original source: . Foreclosure Help Website

Tags: foreclosure help • forclosure • foreclosure refinance • avoid forclosure •
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avoid forclosure Archives: • October, 2007 •



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