Here some organizations and web sites that can
be very resourceful to homeowners looking for mortgage bailout
or relief option:
BankRate.com
- the Web's leading aggregator of financial rate information.
Bankrate's rate data research offering is unique in its depth
and breadth. Bankrate continually surveys approximately 4,800
financial institutions in all 50 states in order to provide
clear, objective, and unbiased rates to consumers. Allows homeowners
to compare local mortgage rates for the best refinance options
available.
BusinessWeek.com
- this article by BusinessWeek helps homeowners understand what
exactly the mortgage bailout means for them. It examines the
details of the plan that the Bush administration has unveiled.
Frequently Asked Questions are answered, and speculations are
made.
Freddie
Mac - one of America's biggest buyers of home mortgages,
and a stockholder-owned corporation chartered by Congress in
1970 to keep money flowing to mortgage lenders in support of
homeownership and rental housing.
Mortgage
Bankers Association - the
national association representing the real estate finance industry,
an industry that employs more than 500,000 people in virtually
every community in the country. They promote fair and ethical
lending practices and foster professional excellence among real
estate finance employees through a wide range of educational
programs and a variety of publications.
MSNBC.com
- this article by MSNBC discusses whether or not congress should
get involved with a mortgage bailout plan. It also discusses
the history of Adjustable Rate Mortgage (ARM loans), and how
they were originally designed to be more helpful to a homeowner.
National
Reverse Mortgage Lenders Association - This site
is for consumers interested in learning more about reverse mortgages.
These mortgage enable older homeowners (62+) to convert part
of the equity in their homes into tax-free income without having
to sell the home, give up title, or take on a new monthly mortgage
payment.
NoBailout.org
- this web site was started by responsible citizens who refused
to participate in the housing bubble. When word surfaced that
a handful of elected officials were interested in creating government
programs designed to bail these borrowers out; they felt they
had to act.
