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15 October 2008
Bad financial news piled upon more bad financial news might have you worried about your 401(k) funds.
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14 October 2008
While Wall Street and Main Street compete in a tug-o-war over the mortgage bailout plan, average Americans wonder how the colossal expenditure will impact their personal finances.It's too soon too to predict the overall outcome, but some good and bad consequences are inevitable.
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14 October 2008
Mortgage rates have declined in recent weeks, but that doesn't mean lenders are working around the clock to qualify borrowers and fund loans.
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1 October 2008
As the real estate market continues its descent, home sellers are becoming more innovative.The days of setting up a "for sale" sign are long gone.
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26 September 2008
The federal government has unleashed the FHA to help at-risk mortgage borrowers keep their homes.
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26 September 2008
While the Nation focused on the contentious negotiations over the $700 billion bailout of the financial market a giant oak fell quietly in the forest.The FDIC seized Washington Mutual on Thursday afternoon, and immediately sold their assets to JP Morgan for $1.9 billion.
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17 September 2008
Last week mortgage rates plummeted to a five month low and took the steepest weekly dive in 28 years.Does this forecast a mini refinance boom? Not likely.Lower rates does not mean easier mortgages, this time around.
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16 September 2008
The Housing and Economic Recovery Act of 2008 shuts off an important form of funding for some homebuyers.
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4 September 2008
GMAC became the latest in a long line of mortgage business downsizing and closings.GMAC announced on Wednesday that it will be laying off 5000 employees and closing over 200 of its retail mortgage branches throughout the US.
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3 September 2008
Green mortgages are giving homeowners incentives to go green, one home at a time.
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1 September 2008
You get a sizeable raise that leaves you with some extra money every month.Does it make more sense to send that extra cash to your mortgage lender or to your brokerage account?.
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28 August 2008
In late mortgage market news, Fannie Mae's CEO and board of directors announced a shuffling of the executive suite.No doubt these moves were to restore confidence in the rapidly falling mortgage finance giant.
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28 August 2008
The US government and the nation's largest banks have teamed up to stem the rising tide of foreclosures and mortgage delinquencies.However, statistics from July show that it is going to be tough to outpace escalating borrower troubles.
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22 August 2008
It seems the inevitable approaches for the US government and its "supported entities" Fannie Mae and Freddie Mac.Both, moving in tight alignment, have lost over 60% of their market value in the preceding 30 days.Hovering dangerously between $3-$5 a share.
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20 August 2008
Congress recently passed a new housing bill, and lawmakers claim that it will do much to help distressed homeowners.
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18 August 2008
In the exuberance of the mortgage boom, it was broadly accepted that home values were moving upward quickly.Were these swiftly rising home values justified? Home owners are beginning to feel the pain of inflated appraisals.In some cases it is even costing them their homes.
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12 August 2008
Even the most well-intentioned ideas will fail if they're poorly executed.The Good Faith Estimate (GFE) is a perfect example.Created to provide consumers with some solid numbers in the mortgage process, it often results in confusion instead of clarity.
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12 August 2008
You don't need a mortgage expert or special advisor to help you pay back your mortgage early.
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29 July 2008
Before enforcing foreclosure evictions, one compassionate Sheriff in Pennsylvania plans to invite homeowners to meet with mortgage lenders and financial counselors.By doing so, he hopes to stop foreclosures through proactive solutions.
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24 July 2008
Negotiating for the best price for real estate can be a delicate process.By offering too much, it's easy for a buyer to overpay.Sometimes, a so-called "lowball" offer can offend the seller and jeopardize the whole deal.
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