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9 September 2010
Nearly 60,000 individuals who purchased homes in 2009 could get a notice from the IRS improperly demanding that they repay their homebuyer tax credit, according to the Treasury Department.
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1 September 2010
Reverse mortgages can be complicated financial products that many borrowers find hard to understand.To help clear things up, the Federal Reserve is proposing a new set of disclosures to provide a better understanding of the costs and risks associated with them.
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16 August 2010
New rules designed to prevent loan originators from steering borrowers into more costly mortgages in order to increase their own compensation have been issued by the Federal Reserve.
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10 August 2010
Details of a new program designed to help underwater homeowners refinance into an FHA mortgage have been released by the U.S.Department of Housing and Urban Development.
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10 August 2010
The state of Maryland is cutting the interest rate and boosting down payment assistance for its primary homebuyer assistance program.
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22 July 2010
An investigation into whether lenders may have illegally denied mortgages to pregnant women and persons on temporary disability is being launched by the Department of Housing and Urban Development (HUD).
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16 July 2010
The U.S.Senate passed a sweeping financial reform bill on Thursday, establishing new rules for mortgages as well as imposing new regulations on Wall Street and providing enhanced protections for consumers and investors.
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24 June 2010
The Obama Administration has authorized the release of $1.5 billion for foreclosure prevention efforts in the five states hardest hit by the housing crisis, beginning almost immediately.
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14 June 2010
Was the subprime mortgage crises caused by poor math skills?.
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7 June 2010
Two subsidiaries of former mortgage lender Countrywide Financial will pay out $108 million to settle an claims that they charged excessive fees to borrowers in default or Chapter 13 bankruptcy, the Federal Trade Commission (FTC) announced today.
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28 April 2010
Financially pressed homeowners who voluntarily surrender their homes instead of going through foreclosure could buy a new home in as little as two years under new guidelines set by Fannie Mae.
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25 March 2010
Bank of America (BofA) will forgive up to 30 percent of the balance owed on certain at-risk mortgages as part of its loan modification efforts to assist homeowners in avoiding foreclosure, the bank has announced.
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19 March 2010
Wells Fargo has become the second bank to agree to modify second-lien mortgages under the government's Home Affordable Modification Program (HAMP) providing mortgage relief for at-risk homeowners.
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17 March 2010
Nearly 100,000 homeowners obtained private mortgage loan modifications in January, the HOPE NOW alliance has announced.
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15 March 2010
An additional 54,000 homeowners received permanent loan modifications in February under the government's Home Affordable Modification Program (HAMP), bringing the total to 170,000.
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8 March 2010
The influential chair of the House Financial Services Committee is ratcheting up the pressure on lenders to write off nearly worthless second liens to clear the way for loan modifications to help homeowners avoid foreclosure.
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2 March 2010
The Home Affordable Refinance Program (HARP), originally scheduled to end in June, will be extended at least one more year, the Federal Housing Finance Agency has announced.
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1 February 2010
Fannie Mae is offering some new incentives to homebuyers in an effort to clear out its inventory of foreclosed homes.
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29 January 2010
The Treasury Department is simplifying and standardizing key documents needed to apply for loan modifications under the government's Home Affordable Modification Program (HAMP), in hopes of speeding approvals for homeowners seeking mortgage relief.
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