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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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9 December 2010
U.S.home values fell even more in 2010 than they did last year, with an expected $1.7 trillion total decline by year's end, according to figures released today by the real estate data company Zillow.
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8 December 2010
The Obama administration is pressing Fannie Mae and Freddie Mac to participate in a new program designed to reduce mortgage debt for homeowners who owe more than their property is worth, the Wall Street Journal is reporting.
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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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18 November 2010
Saying government involvement in the housing market helped cause the recent economic collapse, the head of the Federal Reserve Bank of St.Louis today urged that the U.S.mortgage market be largely turned over to the private sector, with minimal federal involvement.
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17 November 2010
The "robo-signing" foreclosure documentation scandal could make it easier for financially distressed homeowners to get a loan modification - if it doesn't throw a wrench into the entire process first.
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15 November 2010
Recent positive signs in the economy suggest that fears of a double-dip recession have been largely overblown, although the recovery remains too weak to provide much of a boost for employment or the housing market.
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10 November 2010
Jumbo mortgages may be making a comeback, as lenders loosen their purse strings to approve more of the high-value home loans.
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9 November 2010
U.S.consumer debt continues to shrink, although at a somewhat slower pace than over the past two years, the New York Federal Reserve has reported. .
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2 November 2010
Clearing out the backlog of distressed housing inventory will likely take more than three years, dragging down housing prices and delaying the overall recovery of the housing market, according to a new analysis from Fitch Ratings.
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20 October 2010
A federal task force is reported to be looking into whether mortgage companies may have committed fraud or violated other federal laws by falsifying documentation used in home foreclosures. .
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23 September 2010
The number of homeowners receiving permanent loan modifications under the government's Making Home Affordable Program continued to shrink in August, even as the number of new admissions to the program ticked upward for the first time in nearly a year.
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9 September 2010
Funding has been restored for the USDA's Guaranteed Rural Housing Loan Program, meaning that lenders can once again begin issuing mortgages under the popular government program.
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