Subprime Uncle Sam - Wall Street Journal

September 30th, 2009 by admin
Subprime Uncle Sam
Wall Street Journal
No other mortgage insurer insures 100% loan repayment. Alas, while offering its minireforms, the Obama Administration reassured its real-estate pals that
No Money Down!Atlantic Online

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More Help Coming To Clean Up Crisis - Washington Post

September 30th, 2009 by admin

DSNews.com
More Help Coming To Clean Up Crisis
Washington Post
homeowners could easily get a subprime loan, said Guy Cecala, publisher of Inside Mortgage Finance. The programs also could be cumbersome for borrowers,
Housing Agencies May Get $35 Billion in Treasury AidBloomberg
$35 Billion Slated for Local HousingWall Street Journal
Treasury to start new mortgage bond purchase program-BloombergReuters
DSNews.com -Housing Wire
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Brokers critique mortgage mini-boom story - Los Angeles Times

September 30th, 2009 by admin
Brokers critique mortgage mini-boom story
Los Angeles Times
So here, for the record, are more details on the average loan the mortgage bankers' group was describing: The borrowers put 20% down and typically paid 1.12

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Fair Game The Mortgage Machine Backfires - New York Times

September 28th, 2009 by admin
Fair Game The Mortgage Machine Backfires
New York Times
When MERS was involved, borrowers who hoped to work out their loans couldn't identify who they should turn to. As cases filed by MERS grew,

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New Rules Coming Soon - New York Times

September 27th, 2009 by admin

New York Times
New Rules Coming Soon
New York Times
Some consumer advocates applaud the new rules but say they come too late to help many borrowers. Mortgage executives, meanwhile, have expressed concern that
Fed Should Teach Consumers Which Questions to AskWashington Post

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Borrowers rush in as mortgage rates slip below 5% - Los Angeles Times

September 26th, 2009 by admin

Los Angeles Times
Borrowers rush in as mortgage rates slip below 5%
Los Angeles Times
Loan applications jumped 13% last week and are up 50% from late June, a mortgage bankers group says, as borrowers have been taking advantage of rates that
Mortgage rates stay at 3-month lowsInman.com
Home Mortgage Loan Rates – Refinance Under 5% TodaySubprime Blogger
Fewer borrowers taking fixed rate mortgagesBeacon Financial Training
PR Newswire (press release) -Subprime Blogger -Subprime Blogger
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State Foreclosure Prevention Ineffective, Study Shows - Bloomberg

September 25th, 2009 by admin
State Foreclosure Prevention Ineffective, Study Shows
Bloomberg
Data released by Treasury earlier this month didn't include re- default rates, when a borrower falls behind on their mortgage after receiving a loan
Foreclosure-mediation laws not much helpSan Francisco Chronicle
Foreclosure Mediation Programs Aren't Working Because of Net CBS MoneyWatch.com

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Dispute With Banks Continues To Dog US Mortgage Relief Program - Wall Street Journal

September 24th, 2009 by admin
Dispute With Banks Continues To Dog US Mortgage Relief Program
Wall Street Journal
As many as half of seriously delinquent borrowers have a second mortgage, such as a home equity or down payment loan, according to analyst estimates.
Homeowners Underwater in Florida24-7PressRelease.com (press release)

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Delayed Foreclosures Stalk Market - Wall Street Journal

September 24th, 2009 by admin
Delayed Foreclosures Stalk Market
Wall Street Journal
Some borrowers may be able to catch up on their payments or receive a loan modification that helps them keep their home. There has also been an increase in
The Foreclosure Pain May Drag on for YearsWall Street Journal (blog)
The "Shadow" Foreclosure InventoryAtlantic Online

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Need a mortgage? Consider an FHA loan - CNNMoney.com

September 24th, 2009 by admin
Need a mortgage? Consider an FHA loan
CNNMoney.com
While you may not need to take out an FHA mortgage to purchase your next home, there's a good chance you'll be selling to someone who does. 2. Borrowers can
New FHA rule will make it harder for senior citizens to get a Sun-Sentinel.com
It's going to be even harder to buy a condo in South Florida Palm Beach Post

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