Posts Tagged as: Snohomish County Mortgage Information

As the lending industry continues to implode frustrations between buyers and sellers are on the rise. With the collapse of the Subprime market shockwaves flow through the industry. Subprime loans were made and packaged into groups and then were rated and insured by bonding companies and then sold on the stock market. As the housing […]

[Read more →]

There are many myths running around, mostly pushed by the national media, that there is no more money to be lent out for first time home buyers. But that is not the case for the first time buyer in Washington State.
Washington State has a plan, which has been around for many years to assist the […]

[Read more →]

The mortgage loan has to be currently late or in arrears
FHA’s rescue program for distressed homeowners is finally here! Here’s how it works: The homeowner’s current loan has to be an ARM. It must have been paid on time for the previous six months, prior to the loan’s adjustment in rate and payment. The mortgage […]

[Read more →]

There have been many blogs discussing and pointing fingers on who is to blame for the subprime collapse; the lenders, loose restrictions, over inflated home prices, rising interest rates and so on. But what there has not been a lot of, is the discussion around a workable solutions for people caught between a rock and […]

[Read more →]

In the wake of the recent lending industry crisis, President Bush announced this morning, from the Rose Garden and reported by AP, that the United States Government would be their to assist homeowners.

[Read more →]