Indiana Mortgage Loan

DALLAS, April 4 /PRNewswire/ -- Mortgage lenders that have failed, been acquired or are currently struggling are now chronicled at The Mortgage Graveyard, a newly-launched free journal from http://www.mortgagedaily.com/.

"We've seen the secondary market for subprime mortgages disintegrate over the past six months -- leading to an unprecedented number of company failures," said Sam Garcia, creator of The Mortgage Graveyard. "Information about the companies -- and the lessons to be learned from their failures -- is now easily accessible for analysis by future mortgage executives, analysts and educators.

Foreclosure scams to watch out for

The great American dream is quickly becoming the great American scam. With so many homeowners forced into foreclosure last year, and just as many expected this year, the number of people willing to swindle consumers out of their homes is also on the rise.

Those "We Buy Homes - Instant Cash" signs you see around many urban areas aren't true. They simply prey on people in financial trouble.

"Instead of throwing them a life jacket, they are throwing them an anchor," said Mal Maynard, executive director of the Financial Protection Law Center in Wilmington, N.C., a nonprofit group that advocates against predatory lending and provides legal services to borrowers who encounter abusive lending practices.

Here are the most common scams:

The bailout: A scammer offers to buy your home for much less than its value, with the understanding that you can rent it and eventually repurchase it if certain terms are met.

Is An Interest Only Mortgage A Good Idea?

If you are looking for a home but you know that paying a mortgage will be a severe drain on your finances, then perhaps you should look at getting an interest only mortgage. If you are unsure about what an interest only mortgage is and how it can help you, then this article can provide you with some useful tips on getting an interest only mortgage.