After the home is gone More than a million homes have been lost to foreclosure in the past two years. And according to data from Mortgage Bankers Association, banks are now in the process of foreclosing on 1.5 million more. The impact of the mortgage crisis has been obvious in both the worldwide credit crunch …
Monthly Archives: November 2008
Massive Effort to Save Mortgages – WSJ.com
Massive Effort to Save Mortgages J.P. Morgan Chase & Co. launched an ambitious plan Friday to modify the terms of $70 billion in mortgages for borrowers who are behind on their payments or soon could be. The move by the New York bank will cover as many as 400,000 borrowers. They’ll be moved into loans …
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