Mortgages

Low interest rates and reduced levels of property transactions led to borrowers repaying a record net £9.1billion of mortgage debt during the second quarter of the year, the Bank of England has reported.

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Changes are in store for the way reverse mortgages are processed that might make it more difficult for some borrowers to qualify.

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Mortgage Modifications -

Tips for Requesting Mortgage Modification

The previous page covered the basics of loan modification programs. Here’s what you need to know about requesting a mortgage modification.
Tips for Asking

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Are you worried about making your mortgage payments, but haven’t yet fallen behind? Is your mortgage more than your home is worth? Then the new Federal Making Home Affordable program may help you modify your loan and avoid foreclosure. To find out if you are eligible, go to

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Bank mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday.

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