WASHINGTON – Oct. 28, 2008 – Each day from July through September, more than 2,700 Americans lost their homes in foreclosure.
That number, up from 1,200 per day a year ago, is a sign that the mortgage industry and government programs have done little to help troubled homeowners.
The mortgage market’s troubles have proved to be far [...]

WASHINGTON – Oct. 15, 2008 – Can filing for bankruptcy help homeowners facing foreclosure?
For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren’t allowed to alter the total amount [...]

WASHINGTON — Home mortgage rates moved lower this week after indications that consumer spending could slow, Freddie Mac’s chief economist said.
The 30-year fixed-rate mortgage averaged 6.35% in the week ended Sept. 4, down from 6.40% last week and 6.46% a year ago, according to Freddie Mac’s weekly survey. Fifteen-year fixed-rate mortgages averaged 5.90% this week, [...]

WASHINGTON — Rates on fixed-rate home mortgages fell this week, following reports of weakness in the economy, Freddie Mac’s chief economist said Thursday. But rates on adjustable-rate mortgages rose slightly.
The 30-year fixed-rate mortgage averaged 6.40% for the week ended Aug. 28, down from 6.47% last week.
The mortgage averaged 6.67% a year ago. And 15-year fixed-rate [...]