Only a few short months ago both homeowner and property had to perfectly fit the ideal mortgage mold in order to qualify for home loans. Most banks, especially the big ones, just couldn’t afford to put more mortgage loans into their portfolios, and since the real estate bubble burst many have simply been unwilling to listen to legitimate explanations for nonconformity.

The Countrywide home loans login is now at the Bank of America. As we all know Countrywide was taken over by Bank of America because of its financial troubles, and now Countrywide has been officially rebranded as Bank of America Home Loans. For those that are looking for the new login for their old Countrywide accounts they’re located at: www.bankofamerica.com/cwcustomers.

An expert in mortgage and real estate issues Kate Ford says mortgage payment calculators should actually be called as amortization calculators. She explains why.

Isn't this how the whole mortgage mess started in the real estate industry in the first place, meaning the nothing down or very little down?

Westpac has announced it is increasing interest rates on home loans because of turmoil on global financial markets.

As is being reported in the news, there is an ongoing storm in the financial world; a situation where banks are wary of lending to each other and as a result, there is less money available for new debtors, a situation otherwise known as the credit crunch.
What does this mean for the ordinary consumer?

New guidance released this week by the Departments of Housing and Urban Development (HUD) and Justice (DOJ) reinforced the right of persons with disabilities to make “reasonable modifications” to their dwellings if a structural change to their dwelling or to a common area of the building or complex in which they live is needed so that they can fully enjoy the premises.

Freddie Mac (NYSE: FRE) announced today that the company will generally purchase mortgages that are 120 days or more delinquent from pools underlying Mortgage Participation Certificates ("PCs") when:

The number of people taking out home loans in Australia fell in October, with borrowers wary of the widely anticipated interest rate increase in November.

Having a home is the one thing that gives property owners a great feeling of accomplishment and creates a positive attitude towards life as well. Owning a property not only represents a physical shelter and a place to share the best memories with the ones that we love but it can also be a financial shelter for many unexpected problems that can befall us.

President Bush is moving to help keep thousands of American homeowners from defaulting on their home loans in a growing crisis that has affected worldwide financial markets. VOA White House Correspondent Scott Stearns reports, the chairman of the U.S. central bank says he will also act to keep the credit crisis from hurting the economy.

The stock market might be nervous now due to the subprime loan mess, but Stuart Greenbaum, former dean of the Olin School of Business at Washington University in St. Louis, is bullish on the situation.