Today's Fresh Blogs...

• Bernanke calls for new mortgage products to ease crunch

  Published: August 29, 2007, 5:25 pm

  Tags: Mortgage News Insight, 228 Arms, Arm Resets, Bernanke, Housing Bail Out, Subprime Mortgage

  trapped in exploding ARMs. From Market Watch: The private sector and Congress should create new, affordable mortgage products that would help some homeowners refinance their mortgages and keep their homes, Federal Reserve Chairman Ben Bernanke suggested in a letter released Wednesday. … In his letter, Bernanke called for

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• Countrywide Launches $16 Billion Refi or Modify Campaign for Subprime Borrowers

  Published: October 23, 2007, 5:35 pm

  Tags: Mortgage News Insight, 228 Arms, Arm Resets, Countrywide, Loan Modifications, Refiancing, Subprime Mortgages

  for people with resetting ARMs. They don’t discuss the prepayment penalty aspect in the release; but it is an important part of the puzzle. My next question is “How many of those people are upside down?” that will determine in large part who gets the refi and who gets the loan mod. Finally, as one of my co-workers said to

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