Aubrey Clark

America’s two largest mortgage controllers, Freddie Mac (FMLC) and Fannie Mae (FNMA) recently agreed to enact tougher standards on appraisers and lenders beginning in January 2009 FMLC and FNMA buy mortgages from all facets of the mortgage industry and together they control over 80 percent of the mortgage industry

The looming mortgage crisis has affected almost everyone in all facets of life When the homes stop selling the builders stop building, the carpenters stop nailing, the painters stop painting, paint stores stop selling and Home Depot stock hits record lows

We are asked this question on a regular basis and the short answer is yes, it probably will The caveat is how much will it hurt the scores, for how long and is there anything I can do to keep my credit score from dropping

In today's financial market more and more people are turning to credit card balance transfers instead of the traditional home equity lines that they have been used in the past During the refinance hay-day throwing a tax deductible line of credit on the home to wipe out the credit cards was a no-brainer

Slowing foreclosures have given a spark of optimism to investors on Wall Street who see the trend beginning to slow down For the last year the foreclosure rate has steadily risen month by month over the previous year’s month of foreclosures causing speculation of a continued trend in homeowner foreclosure rates