Mortgages Illinois

Always Fast, Easy, & Free -- No obligations. Become an Educated Borrower.

(Debt Consolidation and Commercial Loans also available.)

Get Free Mortgage Rates and Information

ZIP Code:

Mortgage Type:

** Over 100 lenders compete for your business.

11/10/2008 News For:

Mortgages Illinois

Citi Will Halt Some Foreclosures, Rework Mortgages (Update1)  Nov. 11 -- Citigroup Inc. , the fourth-biggest U.S. bank by market value, said it will halt certain foreclosures as the firm modifies about $20 billion in mortgages, following similar moves by its largest rivals.

As Housing Tide Receded, California Town Was Left Stranded  In Mountain House, Calif., almost 90 percent of homeowners owe more on their mortgages than their houses are worth, forcing a slowdown of the local economy.

Citi to modify $20 billion in home loans  Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes.

Fannie Mae posts record $29 billion loss in Q3  Fannie Mae, the largest provider of funding for U.S. residential mortgages, said Monday that it lost a record $29 billion in the third quarter.

Fannie Mae posts massive 3rd quarter loss after write down  The largest provider of funding for U.S. residential mortgages said Monday that it lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that had buoyed its capital.

Citigroup to help at-risk borrowers stay in homes   Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes -- making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.

Tamsyn Parker: Cash by name, mortgages in smallprint  Some investors have been surprised to see Guardian Trust's CashPlus fund had as much as 35 per cent invested in mortgage securities.

Huntington Bank revises its 3Q earnings downward   Huntington Bancshares Inc. revised its third-quarter results Monday, lowering its profit by about $40 million after logging a larger write-down on securities backed by mortgages.

Reverse mortgages: Get money now, pay later  With the current economic crisis hitting seniors hard, many homeowners are turning to reverse mortgages to ease pressure on their finances.

Interest-free mortgages possibility  Some homeowners could be enjoying an interest-free mortgage next year if interest rates continue to fall steeply, it was disclosed today. Cheltenham & Gloucester, which is part of Lloyds TSB, offered a two-year tracker mortgage of 1.01% below the Bank of England base rate in July and August 2007.