A mortgage recast is one of the many ways save money long after closing on a home. After going through the home loan process there is an option reduce a monthly mortgage payment without refinancing the home loan. And the best part is that it doesn’t require all that nasty paperwork or those mortgage closing costs. It’s call "recasting.
U.S. Officials Meet in Secret Over Junk-Loan Frenzy as Recession Alarms Flash – president of the Federal Reserve Bank of Dallas. The concern is that if the economy falters, loan losses would climb.
Freedom Mortgage Portfolio to Increase to More Than $300B After Merger – RoundPoint, which began operations in 2007, currently services and subservices approximately $91 billion in unpaid mortgage.
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