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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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15 September 2011
Newly initiated foreclosures jumped by one-third in August, a sign that banks may be stepping up efforts to clear out a backlog of seriously delinquent mortgages.
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29 July 2011
A proposal put forward by federal regulators to define "safe" mortgages would raise refinancing costs for half the nation's homeowners with home loans, a coalition of industry and other advocacy groups has said.
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6 July 2011
The maximum mortgage available through the FHA would be dramatically reduced under a proposal put forward by researchers at the George Washington University School of Business.
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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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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 June 2011
The Mortgage Bankers Association is urging the FHA to simplify the mortgage application process by allowing the use of electronic signatures on all documents used in originating FHA home loans.
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28 May 2011
About one-fifth of the nation's counties are scheduled to see lower loan limits on FHA mortgages beginning Oct.1, according to an analysis the U.S.Department of Housing and Urban Development (HUD).
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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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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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12 April 2011
The credit reporting firm Experian is the target of a California lawsuit that claims the company duped customers by selling them bogus credit scores.
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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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23 March 2011
Though mortgage rates have cooled off recently, expect them to start inching up again soon and continue rising through the rest of the year.
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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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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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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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23 February 2011
E-mails may be legally binding in real estate transactions, if contract terms were offered, a New York court has ruled.
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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
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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