Roger & Linda Jean Paschal ....... Home Solutions

Over the past couple of weeks, many of the lenders who work with sub prime or riskier loan products like, 80/20 piggy-back products, interest-only, negative amortization loans, no income or asset verification loan products are under increasing pressure to buy back those loans which are in default. The default and foreclosure rate on ...

It's tough to survive in today's mortgage lending industry. Many originators, particularly those that have been specializing in the subprime niche of the market, are folding their tents and silently leaving the business. But there's a bright side of that development for the mortgage industry and consumers. "We're seeing 40 ...

Despite a generally sluggish market, mortgage applications are rising, according to a report from the Mortgage Bankers Association. At the end of February, applications were up 8.8 percent over the same week a year ago. Applications for mortgages to finance the purchase of a home increased 5.2 percent during the week ending February 23, compared ...

On February 27, 2007 Freddie Mac (one of the nation's leading government-sponsored buyers of existing home mortgages) announced it will cease buying subprime mortgages that have a high likelihood of excessive payment shock and possible foreclosure. It will only buy subprime adjustable-rate mortgages (ARMs) that qualify borrowers at the ...