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13 February 2009
The Obama administration unveiled an unprecedented plan to directly help homeowners make their mortgage payments.In a dramatic departure from current homeowner assistance programs, this plan would help borrowers before they become delinquent.
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6 February 2009
Fannie Mae has posted new guidelines for approving homeowners attempting to lower their loan payments with a mortgage refinance.
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14 January 2009
Another government supported mortgage mortgage agency is in trouble.The Federal Home Loan Bank (FHLB) of Seattle joins the San Francisco FHLB in announcing steps to shore up their capital reserves against toxic residential mortgage assets.
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29 December 2008
December brings holiday cheer and the end of the 2008 tax year.Not exactly "visions of sugar plums dancing," but certainly in the dreams of most adults as 2008 comes to a merciful close.How can you position yourself this month to maximize your 2008 tax savings?.
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17 December 2008
A recent report on the economy showed that there are more than 9,000 foreclosures per day, on average, across the USA.But in some regions, especially those where prices didn't experience dramatic escalations during the real estate bubble, the housing markets are relatively stable.
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2 December 2008
Increasingly loan modifications are becoming the preferred mechanism to help defaulting homeowners and troubled bank mortgage asset portfolios.All of the major banks, Bank of America, JP Morgan Chase, and Citigroup have announced streamlined loan modification programs.
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24 November 2008
Following Friday's 60 percent plunge of Citigroup stock, the Federal government again works through the weekend to avert disaster.The stock market took Citigroup on a plunge to $4 per share, leaving Citigroup with a $160 billion lose in value from a year ago.
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13 November 2008
The authorities have cracked down hard on appraisal fraud and subprime liar loan products that encourage mortgage dishonesty through overstated income.But mortgage fraud is still alive and well and living in America.
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12 November 2008
Federal Housing Finance Agency (FHFA) Director James B.Lockhart unveiled the US government loan modification program to great anticipation.With over 300,000 properties under foreclosure filing according to RealtyTrac, a foreclosure tracking company, the relief can not come quick enough.
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22 October 2008
Who can we blame for the U.S.mortgage crisis and financial industry meltdown? Mortgage brokers, investors, or corporate executives? Or is it the regulators, who are just now going after the crooks?.
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22 August 2008
It seems the inevitable approaches for the US government and its "supported entities" Fannie Mae and Freddie Mac.Both, moving in tight alignment, have lost over 60% of their market value in the preceding 30 days.Hovering dangerously between $3-$5 a share.
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13 July 2008
Choosing where to retire may be the most important decision you'll ever make.Take time to study the possibilities, and you'll never need to look back.
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30 April 2008
Countrywide and GMAC LLC on Tuesday reported big first-quarter losses as they continue to be hurt by credit problems.
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27 April 2008
The head of Goldman Sachs' mortgage department, Daniel Sparks will leave his post for personal reasons, the company revealed on Friday.
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