adjustable rate mortgage
| 9:00AM 6/15/2008
One of my friends is worried because he's got an Adjustable Rate Mortgage (ARM) on his home and it's going to reset later this year. He's got an unusual financial situation, and hasn't been able to find a company that will refinance the house. Of course, he's worried that once the ARM resets, his...
| 4:30PM 2/11/2008
Countrywide has just announced a plan to "help out" more borrowers who are in trouble on their home mortgages, particularly the ones with adjustable rates. The goal is to help people avoid foreclosure through a change in repayment terms. If you've got a loan with Countrywide and you're behind on...
| 1:00PM 1/23/2008
The rate of foreclosures in California during the last quarter of 2007 is double the rate of the last record quarter. There were 31,676 foreclosures during the fourth quarter, about double that of the previous record set in 1996. In comparison, the lowest rate of foreclosure occurred in the second...