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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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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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30 October 2010
Along with tight credit and unstable home values, a new set of rules governing home appraisals have been blamed for making it hard to buy a home or refinance a mortgage over the past year.
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21 September 2010
Depending on your financial position, there are many different types of mortgage assistance program available to you.There are two classes of program: government-sponsored and lender-sponsored.Government-sponsored home mortgage assistance tends to be broader in scope and easier to acquire, but less tailored to your individual needs.
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11 September 2010
If you're thinking about buying a home in New York City, there's a good chance you'll be getting a co-op rather than a condo or a house.
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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
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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3 July 2010
For potential first-time homebuyers, affordability can be a big challenge.In addition to coming up with a down payment and money for closing costs, even being able to afford the monthly payments on a decent home can be a major obstacle.
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1 July 2010
What are your chances of refinancing your mortgage? Is it going to be a struggle if you've got a starter home at the lower end of the market? Are banks more willing to work with someone who has a pricey, custom-built home?.
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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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23 June 2010
Mortgage rates are way down again - and refinancing is up.If you missed out on last year's ultra-low rates, are your chances any better of refinancing this time around?.
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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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4 May 2010
If you're a first-time homebuyer, there's a good chance you've never heard of the Mortgage Credit Certificate Program.Many aspiring homeowners have not.
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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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24 April 2010
Choosing a mortgage lender can be one of the most intimidating parts of getting a home loan.A quick check online will show there are literally thousands to choose from.So how do you decide whom to pick?.
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