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31 January 2012
Should you buy a foreclosed home? The savings can be huge, but so can the hassles and pitfalls.Here are a few tips for first-time foreclosure buyers to make sure the experience is a rewarding one.
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13 December 2011
A handful of lucky homeowners have been able to reduce their mortgage debt by nearly one-third under a little-noticed provision of the government’s Home Affordable Modification Program (HAMP).
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12 December 2011
A new proposal floated in Congress last week would tax mortgage borrowers to cover an extension of the payroll tax cut.
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1 December 2011
December 1 is when lenders are scheduled to begin implementing the new HARP guidelines for refinancing underwater mortgages.But you might not be able to refinance that underwater loan just yet.
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16 November 2011
Homeowners can start applying to refinance their underwater mortgages under new HARP guidelines as soon as Dec.1, according to new program rules released late yesterday.
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15 November 2011
Hoping to qualify for a government-backed refinance of an underwater mortgage under the new rules for the Home Affordable Refinance Program (HARP)? Better act fast.
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24 October 2011
Homeowners will soon be able to refinance their mortgages, no matter how far underwater they are, under new guidelines to the Home Affordable Refinance Program (HARP) announced today.
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27 June 2011
A scheduled reduction in mortgage limits on government-backed loans could make about 1.4 million U.S.home ineligible for the most affordable and accessible types of mortgages, according to the National Association of Home Builders (NAHB).
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7 June 2011
The government's Home Affordable Refinance Program (HARP) posted its second-strongest quarter on record during the first three months of the year, enabling 130,000 homeowners with limited or no equity to refinance their mortgages.
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3 May 2011
Homeowners who were affected by last week's tornado outbreak across the South may be able to qualify for up to 12 months of suspended or reduced payments on Freddie Mac mortgages, along with other assistance as well.
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3 March 2011
Mortgage rates have fallen for a third consecutive week, despite signs of possible inflationary pressures that would normally act to push rates up.
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1 March 2011
Fannie Mae and Freddie Mac may not be going away anytime soon, but the mortgages they back are going to get more expensive over time.
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16 February 2011
People who refinance their mortgages are overwhelmingly opting for fixed-rate loans, which made up 95 percent of all refinances in the fourth quarter of 2010.That's due in part to borrowers becoming more conservative in their loan choices since the economic downturn began.
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14 February 2011
The Mortgage Bankers Association (MBA) is calling for significant revisions to the government's plodding HARP mortgage refinance initiative to make it more available to underwater homeowners.
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11 February 2011
Get ready for mortgages to become more expensive - and stay that way.
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8 February 2011
Mortgage delinquencies fell by nearly 18 percent in 2010, pushed by a decline in new delinquencies, even as the number of homes going into foreclosure increased as well.
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28 January 2011
The lending policies of Fannie Mae and Freddie Mac contributed to, but were not the ultimate cause, the recent financial crisis that devastated the U.S.economy, the official government investigation of the causes of the crisis has concluded.
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19 January 2011
Freddie Mac will eliminate its streamlined mortgage refinancing option this spring, the lender has announced, but borrowers will still have a simplified option for refinancing mortgages held or backed by the government-supported enterprise.
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