Even though there is hope on the horizon that the poor credit mortgage market has seen the worst it will see, it does appear that many different problems are still ongoing. Although a turnaround is expected soon for poor credit mortgages, at this time, defaults are still a major problem both for homeowners and the […]
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Poor Credit Mortgages Force Housing Correction
Posted on August 22nd, 2008 by Bright Light
Many experts throughout the UK feel that the current poor credit mortgage crisis forced a housing correction. While some feel that it was overdue, the fact remains that many homeowners with poor credit mortgages are now in serious economic trouble. Falling home values could not have come at a worse time for those struggling with […]
California May Bail Out Poor Credit Mortgage Lenders
Posted on August 15th, 2008 by Bright Light
Controversy is swirling over plans in California to assist poor credit mortgage lenders. This state has been hit particularly hard by the housing crisis and many poor credit mortgage lenders have already gone out of business after foreclosure rates skyrocketed and loans defaulted. Many are upset over this decision and although nothing is concrete as […]
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