Milwaukee Business Journal (WI) (05/06/09) Green Bay-based Associated Bank recently enhanced its mortgage modification program to defer up to 12 months of payments for unemployed mortgage holders. This new extended component is designed to help borrowers who are not covered by the government’s Homeowners Affordability and Stability Plan. To be eligible for the initiative, borrowers [...]
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Homeowners may soon enjoy mortgage rates as low as 4.5 percent if the Treasury Department has its way. According to The Wall Street Journal’s on-line edition, the department is discussing a plan that would use Freddie Mac and Fannie Mae to push banks to make mortgages available at more than a full percentage point below [...]