Mortgage applications nearly doubled last week after the Federal Reserve slashed interest rates by 0.75 percent last week.
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This is just more proof that more foreclosures are on the way. Usually mortgages that are insured are "prime" mortgages, showing that the worse is yet to come.
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Missouri mortgage lenders were living the life up to 2007. See what happened to some of Missouri's national mortgage lenders as the year progressed.
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Has Montana avoided the sub-prime mortgage meltdown all together? We have the national stats on the foreclosure rate in Montana as well as the sub-prime mortgage activity in Montana.
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