ARMs

If you have a loan directly from Bank of America or Countrywide and are 60 days or more late, you may qualify for its new "earned principal forgiveness." Also about 95% of the loans that Bank of America services for private investors in which the investor has delegated authority to the bank may...

On Sunday, Ben Bernanke explained why he thinks regulatory failure -- not monetary policy failure -- caused housing to overinflate. That does seem to be the case, but the Fed is one of those primary regulators that didn't react quickly enough to prevent the crisis.

On Monday, Freddie Mac reported that 97% of prime borrowers who refinanced adjustable-rate mortgages in the fourth quarter opted to switch into fixed-rate loans. Of borrowers who were refinancing fixed-rate loans, an astounding 99.7% opted for another fixed-rate mortgage.In January of 2006, 41.9%...

Mortgage expert David Reed invites Walletpop readers to ask him questions about real estate financing. leave your questions in the comment section of this post. Q: I have only one question to you to ask: I am kind of confused about ARM and FRM. Could you please tell which one more safer? --...

Now that the details are available, there are clear winners and losers in the mortgage bailout plan negotiated by the Bush administration. Just to be sure this is clear -- the plan does not involve a taxpayer bailout. It's a negotiated agreement worked out with mortgage servicers and investors and...