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	Mortgage Rates view_news_details_ezine.tpl Homeowners Are Too 'Big' to Fail  RateEmpire.com Ordinary people are getting apprehensive about big financial institution writing down their mortgage-backed securities and letting their share prices fall. Even as individuals are loosing their homes by way of foreclosures, Federal Reserve is turning a blind eye towards their suffering and rallying to help banks.   If the banks had considered the risks of offering low priced deals earlier, lesser people would have been in trouble today. Now that the banks have laid down stricter guidelines for loan qualification, people who waited for the right time to refinance their loan are no eligible for refinancing. To make matters worst the property rates have also come down. But still if there is any equity left for refinancing, homeowners are told to pay a very high prepayment penalty for refinancing. Original Article Copyright 2007 RateEmpire.com   Other Recent News from the Mortgage Rates Category: Freeze ARM - Mortgage Still Too Early to Recover MBA releases Delinquency Plan amidst Foreclosure Crisis Treasury Secretary’s Revival Plan: Ray of Hope for Mortgage Market Treasury Secretary chalks out Foreclosure Rescue Plan Defend Yourself Against the Big Bad Housing Market Mortgage Plan To Avoid Foreclosure Pain Mortgage Crisis Hit the Sales & Value of Real Estate Mortgage Market Going Lower With Each Passing Day Foreclosure Crisis Increasing At Alarming Rate Mortgage Crisis Giving more Woes to the Economy GSEs recounted loss, sub prime market in further mess More Losses Expected for the Mortgage Giants Mortgage Rates Going Steady New Worries in the Mortgage Market Mortgage rates expected to level off after the Fed stopped pushing rates up Mortgage Rates Continue to Drop, but Demand Still Low Foreclosures hit some cities harder than others Interest Rate Report - November PMI Insurers may owe Thanks to Piggy-Back Mortgages Homeowners Are Too 'Big' to Fail