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Mortgage Delinquency

What can Fannie Mae do to assist families who become delinquent in paying their mortgage? First and foremost, Fannie Mae tries to avoid foreclosure. There are no winners when a home mortgage is foreclosed. It is the least desirable way to resolve a problem loan, and a terrible ordeal for the homeowner. It also is costly f... : Mortgage Delinquency

Mortgage delinquencies

Tuesday, February 01, 2005 Mortgage delinquencies down for conventional loans, but up in other categories Mortgage delinquencies for conventional loans in 2003 dropped from the 2002 figures, according to the latest numbers available to mortgage bankers. Arthur Cox, director of the Real Estate Education Program at the University of Northern Iowa, says that it looks like the figures may have dropped again for 2004. While he's... : Mortgage delinquencies

Mortgage delinquency help

Q: My mortgage broker said that my credit score was poor (and the interest rate I had to pay was high as a result) because of a number of credit card delinquencies I had during the last year. So I paid off all the delinquent accounts and consolidated the remaining balances into 2 cards. But when I reapplied, my score was lower rather than higher! What is going on? ------------------------------------------------------------... : Mortgage delinquency help
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