With FHA temporary rule changes in reaction to the sub prime mortgage market, Refinance.com, the nation's premier source for residential mortgage refinancing, announced the creation of an online resource for borrowers seeking to refinance their homes with an FHA refinance loan.

ARMs escalation likely to shoot down subprime borrowers (San Francisco Chronicle)
The number of homes entering the foreclosure process hit a record high in the second quarter, but things are going to get even worse over the next 12 months, when millions of borrowers see the interest rate on their adjustable-rate mortgages reset for the...