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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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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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15 December 2011
If you're shopping around for a mortgage, don't overlook credit unions - even if you don't belong to one.
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20 October 2011
Everyone knows that shopping around for a mortgage can help you get the best interest rate.But it can also help you qualify for a mortgage as well.
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20 September 2011
The flood of documents to be signed at closing is one of the most confusing parts of the mortgage process.A typical borrower can expect to be presented with over two dozen documents to sign at a mortgage closing.How do you know what you're signing?.
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25 March 2011
In this economy, where many homeowners are desperate to sell their homes, short sales can be a great bargain for the well-informed homebuyer.
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11 March 2011
The cost of home ownership is more than just your mortgage payment.Take note of these seven hidden costs and be prepared for the actual payments.
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8 March 2011
Tempted by foreclosure or "as is" listings but wonder how you can afford to make them livable? FHA's streamlined 203(k) mortgage is your answer.
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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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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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21 February 2011
New rules designed to limit the fees paid to mortgage brokers and certain other loan originators are getting a second look by House Republicans.
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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
Get ready for mortgages to become more expensive - and stay that way.
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2 February 2011
The Federal Reserve has decided not to proceed with new rules that would limit a consumer's right to escape a fraudulent mortgage, choosing instead to cede the authority to the newly forming Consumer Financial Protection Bureau (CFPB).
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29 January 2011
A federal overseer is urging the Treasury Department to get tough on mortgage servicers who drag their feet on HAMP loan modifications, with real penalties for those who violate program guidelines.
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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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22 January 2011
An organization of mortgage investors is calling for a new approach to foreclosure prevention, expressing a willingness to write off mortgage principal as part of a comprehensive approach to restructuring a consumer's entire debt load.
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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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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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