Just in time for Thanksgiving, Fannie and Freddie Mac have announced a temporary suspension to home foreclosures scheduled to take place November 26th until January 9th 2009. Not all homes made the list, though. In order to qualify for the foreclosure suspension, the property needs to be a single family home or 2-4 [...]

JP Morgan Chase and Bank of America have recently both pledged more money to expand their programs to help homeowners that are behind on their mortgage payments. Both banks are looking to help approximately 400,000 homeowners by modifying their loans. Some of the options include reducing the interest rate or changing the terms [...]