The National Foundation for Credit Counseling, Silver Spring, Md., has announced that it is stepping up its counseling and education efforts across the country to help homeowners avoid foreclosure.The NFCC, which boasts a network of nonprofit, community-based agencies with nearly 1,000 offices, said consumers can receive immediate assistance by calling its toll-free hotline at 866-557-2227. The group said the number of foreclosed homes surged by 58% in the first six months of 2007, representing approximately 573,400 homes in danger. The organization can be found online at http://www.nfcc.org.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25