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29 August 2012
Major banks provided over $10 billion in mortgage relief to consumers in recent months as part of a $25 billion settlement over foreclosure abuses, the monitor of the settlement reported today.
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19 July 2012
Homeowners are reporting greater satisfaction with their mortgage servicers, due in large part to better relations with borrowers who are having difficulty meeting their payments.
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5 March 2012
Only 5 percent of underwater homeowners are likely to qualify for mortgage principal reductions under the recent $25 billion foreclosure abuses settlement, an economist with the Brookings Institution has calculated.
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21 February 2012
The recent $26 billion foreclosure abuses settlement has been getting a lot of attention, but time is running out to obtain relief under another action that could potentially help even more former homeowners.
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13 February 2012
Servicemembers who were improperly foreclosed on will receive six-figure settlements as part of a secondary agreement to the $26 billion foreclosure abuses settlement announced last week.
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9 February 2012
A $26 billion settlement that would fund loan modifications and mortgage refinancing for at-risk homeowners was announced today by state and federal officials.
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26 January 2012
A settlement that could produce up to $25 billion in mortgage relief for homeowners is in doubt after it was rejected by the California attorney general, who said the proposed deal doesn't go far enough.
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8 March 2011
Mandatory loan modifications and a fund to help reduce the principal on underwater loans are part of the price the nation's state attorneys general are seeking from mortgage servicers for settling the robo-signing controversy.
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4 March 2011
According to FHA Commissioner David Stevens, there are 23 lenders participating in the FHA Short Refinance Program.Finding out if your lender is one of them can be a challenge.
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16 February 2011
Just three banks accounted for more than half of all mortgages originated in 2010, while overall mortgage lending declined by about 22 percent for the year.
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11 February 2011
All four of California's "Hardest Hit Fund" anti-foreclosure programs are now operational, the state has announced, but only two have substantial participation from the nation's largest lenders.
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