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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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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
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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11 February 2011
Get ready for mortgages to become more expensive - and stay that way.
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9 February 2011
Consumers thinking of taking out a mortgage in the near future should check their credit reports to make sure their credit hasn't been dinged by a claim for unpaid late fees for movie or video game rentals.
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1 February 2011
U.S.home prices have already stabilized in about a quarter of all housing markets, although further steep declines are still ahead for some of the areas hardest hit by the housing crisis, according to a new analysis by information technology firm Fiserv.
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31 January 2011
A review of mortgage inquiries on https://www.mortgageloan.com shows a clear drop in consumer requests regarding purchase and refinance transactions.
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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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24 January 2011
Buying a home is now cheaper than renting in a substantial majority of U.S.cities, even though more Americans are becoming renters due to choice or necessity, according to a new report.
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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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7 January 2011
U.S.home prices fell by 4.1 percent during 2010, with a somewhat smaller decline predicted for the current year, according to new figures from Clear Capital market research.
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7 January 2011
Although many housing markets are expected to fully recover from the impacts of the economic downturn within a decade, others may remain mired in decline for years to come, perhaps even coming to resemble Old West ghost towns.
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4 January 2011
Mortgage company failures declined markedly in 2010, although closings of banks and credit units trended upward, according to a new report.
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29 December 2010
New lending rules would weaken consumer protections against predatory lending by allowing creditors to avoid penalties for misstating the real costs of mortgages, a leading consumer advocacy group contends.
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22 December 2010
In a reversal of recent trends, the number of loan modifications granted under the government's Home Affordable Modification Program (HAMP) rose in November, in a bit of good news for both homeowners and the Obama administration's much-criticized anti-foreclosure program.
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3 December 2010
Even before the Fiscal Commission voted on whether to approve its controversial deficit reduction plan, the mortgage and housing industries were gearing up in opposition to its proposed elimination of the mortgage interest deduction.
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2 December 2010
Buyers of foreclosed homes obtained their biggest discounts in nearly five years during the third quarter of the year, shaving nearly one-third off the price of comparable residential properties.
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29 November 2010
If you need a mortgage or are looking to arrange a loan modification, there are fewer people working in the mortgage industry who might assist you than there were a few months ago.
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