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16 February 2011
People who refinance their mortgages are overwhelmingly opting for fixed-rate loans, which made up 95 percent of all refinances in the fourth quarter of 2010.That's due in part to borrowers becoming more conservative in their loan choices since the economic downturn began.
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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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8 February 2011
The $7.5 billion allocated by the feds to 18 states and the District of Columbia for mortgage assistance programs is looking like more of a circus than a godsend.
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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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3 February 2011
With the current low interest rates, it seems like everybody is refinancing.If you haven't started the process (or even if you have!), check out these five mortgage myths.
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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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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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26 January 2011
Taking out an interest-only mortgage as a way to borrow more and pay less on a monthly basis can be dangerous.In looking for an affordable way to purchase your dream home, you may have considered an interest-only mortgage.
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20 January 2011
These four books complete our recent list of must read mortgage books.
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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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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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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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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
Not only should you prepare for closing costs, you should also plan to negotiate them.
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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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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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2 December 2010
According to new consumer activity collected by MortgageLoan.com between October 15 and November 15 2010, the New York City metro area and cities in Florida are seeing overall increases in mortgage and refinance requests.Requests in Boston, Texas, and the Southwest are mixed.
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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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