Phoenix, AZ (PressExposure) May 14, 2008 -- Home loans and mortgages advocate, Marilyn Santerre, has partnered with Neekam company to create the Home Loan 180 Blog. This blog will act as a source of information and networking for home mortgages news, acting to prevent subprime loan crisis, home loan refinancing, second mortgages and more.
Marilyn says, "Turmoil in the home loan market has hit Americans hard. But the real credit crunch is when consumers feel the full effects of higher home loan rates, yet to come. Top home loan lenders are warning that there could be a crisis of home buyers who come off low fixed-rate teaser" loans between now and January 2008 who will not be able to re mortgage at prime rates and many may be forced to remain with their existing lender."
This blog seeks to add to the publicity surrounding the subprime mortgage crisis, eroding home loan availability, and the shrinking of consumer mortgage confidence, as well as help focus awareness on home loan issues that exist in this country.
"Affordable housing is crucial to strong families, strong communities and a strong economy," Ms. Santerre declared. "Unfortunately, an alarming increase in mortgage foreclosures and the collapse of the sub prime home loan market have spawned a homeownership crisis in our country. Millions of American families are currently at risk of losing their houses and many more have been priced out of the market."
According to Ms. Santerre the http://homeloans180.com/ Blog also stresses second mortgages, "Back when the real estate market was high, getting a 2nd mortgage was a pretty straightforward process. You called an 800 number, asked for a loan, and within hours, the money showed up at your door. Not anymore. We will look at this."
News about the home lending market is worrisome these days. The American home loan crisis has produced a real estate dip with tumbling home prices and record foreclosures, and it now threatens to create the worst economic disaster in history. This crisis is beginning to broaden, moving into areas that have not yet felt the effect.
The http://homeloans180.com Blog helps interested people stay abreast of the latest news on the home loan crisis, subprime loan effects, home interest rate news, mortgage issues and more.
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