Rural refinance program to launch

CNJ staff The U.S. Department of Agriculture will launch a single family housing guaranteed rural refinance pilot program in New Mexico to help rural borrowers refinance their mortgages, according to U.S. Sen. Tom Udall, D-N.M. To be eligible under this pilot, borrowers must have made timely mortgage payments for 12 consecutive months. Rural residents can […]

Bailing borrowers out of trouble not government’s job

By Freedom New Mexico You just knew this was coming, given the Pavlovian way politicians react to headlines. The push is officially on for a legislative response to the subprime mortgage mess, led by a couple of congressman from Colorado. In the first of what undoubtedly will be a wave of bills aimed at pandering […]