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14 November 2017
A natural disaster may not only damage or destroy your home - it may also make it difficult to keep up on the mortgage payments you're still obligated to.But a mortgage forbearance can give you the financial breathing room you need.
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13 May 2015
Qualified homeowners are getting an extra year to reduce their mortgage payments through the federal HARP and HAMP initiatives, now that the deadlines for both programs have been extended by the Federal Housing Finance Agency (FHFA).
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11 May 2015
Did you take out a home equity line of credit in the last eight or nine years? Then you better prepare for a higher monthly payment -- maybe one that is as much as two times higher than what you're paying today.
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15 July 2014
Underwater homeowners, homebuyers and distressed borrowers are expected to share in a little more than one-third of a reported $7 billion settlement that Citibank has agreed to pay to resolve claims regarding defective mortgages it sold to investors in the years prior to the recession.
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26 December 2013
Mortgage borrowers who lose their homes to foreclosure or face financial difficulties due to being underwater on their loan could face another hit in 2014 - a big tax bill.
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14 December 2013
Changes at the top of federal bureaucracies often seem to have little effect on the average person.But this week's confirmation of former U.S.Rep.
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27 March 2013
Homeowners who have fallen behind on their Fannie Mae or Freddie Mac mortgages will be eligible for a new, simplified loan modification program beginning the summer, the Federal Housing Finance Agency (FHFA) has announced.
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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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3 December 2011
Can you get a loan modification on a jumbo mortgage? The answer is yes, but there are some significant differences from getting a mortgage modification on a conventional loan.
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3 November 2011
Fewer homeowners are being approved for the government's mortgage loan modification program these days, but those who are are doing much better than those who entered the program during its early phase.
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1 July 2011
Millions of U.S.homeowners have fallen at least two months behind on their mortgage payments, but fewer than one-quarter of them qualify for assistance under the government's main anti-foreclosure program, according to Treasury Department figures.
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13 June 2011
Before you decide to walk away from your mortgage, consider the real, long-term costs.
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7 May 2011
The pace of government-backed loan modifications picked up in March, with both new trials and permanent modifications approved under the Home Affordable Modification Program (HAMP) up significantly.
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7 April 2011
The bad news is that fewer mortgage loan modifications were granted to financially pressed borrowers in February.The good news is that fewer homeowners needed them.
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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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3 March 2011
The Making Home Affordable anti-foreclosure program has been widely criticized for falling short of expectations, but it seems to have reached a sort of equilibrium recently.
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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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8 February 2011
The $7.5 billion allocated by the feds to 18 states and the District of Columbia for mortgage assistance programs is looking like more of a circus than a godsend.
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19 January 2011
The Federal Housing Finance Agency (FHFA) has asked Fannie Mae and Freddie Mac to help develop a new system for compensating lenders who manage mortgage accounts, in the wake of complaints that the current system can actually promote foreclosures.
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11 January 2011
Starting today, unemployed California homeowners can apply for up to $3,000 a month in mortgage assistance to tide them over for up to six months while looking for work.
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