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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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15 February 2011
The FHA is boosting the annual mortgage insurance premium charged on its home loans, a move that will increase the cost of an average FHA mortgage by about $30 a month.
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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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8 February 2011
Mortgage delinquencies fell by nearly 18 percent in 2010, pushed by a decline in new delinquencies, even as the number of homes going into foreclosure increased as well.
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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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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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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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18 January 2011
Mortgage default rates fell in December, resuming their downward trend after a brief rise in November, according to figures released today by Standard & Poor's and Experian.
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17 January 2011
Acknowledging that it "made mistakes" in servicing mortgages taken out by military personnel, JP Morgan Chase & Co.has said it refund approximately $2 million to service members who were overcharged on their home loans.
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14 January 2011
Borrowers who wonder if they're being offered the best available rate on a mortgage are now supposed to be informed by their lender if they're receiving less favorable terms than other borrowers, based on their credit.
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12 January 2011
Mortgage rates in 2011 are expected to hit levels considerably higher than what was predicted only one month ago, according to the latest economic forecast from government-backed lender Freddie Mac.
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