President Obama believes that his $75 billion foreclosure bailout plan may keep millions of families in their homes, preventing the general economic and social degradation that accompanies large numbers of foreclosures in any country, as well as stemming the tide of recession that seems so determined to overcome America. The plan actually aims to help [...]

A mortgage, by definition, is a secured loan that has to be used to buy immovable property – namely a house, building, or piece of land. Since the property-price slump brought about by the global economic crisis, there’s been a large-scale upsurge of home mortgage applications. The reasons are twofold. Firstly, it’s a buyer’s market [...]