New California Laws Protect Borrowers, Consumers - ABC News

December 31st, 2009 by admin

Bakersfield Now
New California Laws Protect Borrowers, Consumers
ABC News
inaccurate information during the mortgage-application process and ensuring that banks inform potential borrowers of all their loan products are among
New Calif. laws go into effect New Year's Dayabc7.com
New California Laws Protect Borrowers, ConsumersKTVU.com

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Column: no consequences for lying mortgage borrowers - Seattle Times

December 31st, 2009 by admin
Column: no consequences for lying mortgage borrowers
Seattle Times
Lenders also offer grace periods, longer repayment schedules or lower loan balances. Borrowers say lenders are permitting trial modifications,
Modified loan on home can hurtDetroit Free Press
Ruin your credit with a Mortgage Loan ModificationExaminer.com
Avoid Foreclosure With A Home Loan Mortgage Modification But Are Modification Red, White, and Blue Press (blog)
Subprime Blogger (blog) -News10.net -Economist (blog)
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Mortgage interest rates rise, set to climb higher in 2010 - Christian Science Monitor

December 31st, 2009 by admin

Christian Science Monitor
Mortgage interest rates rise, set to climb higher in 2010
Christian Science Monitor
A good interest rate only helps if borrowers can get a loan approval, and lending conditions now are tight. It's a delicate balancing act.
Mortgage Rates Snap Six Day Losing StreakMortgageNewsDaily.com

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New and improved mortgage forms - CNNMoney.com

December 31st, 2009 by admin
New and improved mortgage forms
CNNMoney.com
If borrowers accept the offers as outlined, lenders must issue the loans under the costs listed — with little room for surprise. If the mortgage originator
Rules to Clarify Cost of MortgagesWall Street Journal
Uncle Sam's New Guide to Mortgage ShoppingWall Street Journal (blog)
The New Standardized Mortgage EstimateSeeking Alpha (blog)

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Why Unlimited Help for Fannie and Freddie? - FOXBusiness (blog)

December 29th, 2009 by admin

Washington Post
Why Unlimited Help for Fannie and Freddie?
FOXBusiness (blog)
Is the government quietly planning to force these two invalids, permanently stuck in the government's emergency room, to take on rotting mortgage loans?
Mortgage insurers rally after housing dataMarketWatch
Obama Expands Bailout of Federal Mortgage Giants Fannie and Freddie and Examiner.com
Fannie, Freddie Backstop May Foreshadow Mortgage ForgivenessBusinessWeek
Wall Street Journal -Fresno Bee -Atlantic Online
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Texas’ now-strong banks hold lessons for rest of US - USA Today

December 29th, 2009 by admin
Texas' now-strong banks hold lessons for rest of US
USA Today
In the subprime mortgage market, Texas law also restricts balloon payments to no more than twice what borrowers had been paying earlier; bans most negative

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Borrowers focus on reducing home loans, sharpening fears for recovery - Times Online

December 29th, 2009 by admin

guardian.co.uk
Borrowers focus on reducing home loans, sharpening fears for recovery
Times Online
Mortgage borrowers reduced their home loans by nearly £5 billion between July and September, figures indicated yesterday, adding to fears that weak consumer
Homeowners pay off £5bn of mortgage debtFinancial Times
UK mortgage debt shrinks againFinance Markets (blog)

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BofA Clarifies HAMP Mortgage Modifications to Borrowers - Housing Wire

December 29th, 2009 by admin

eCreditDaily.com
BofA Clarifies HAMP Mortgage Modifications to Borrowers
Housing Wire
the concept was first introduced first mortgage borrowers in April and later extended the offering for home equity loans and reverse mortgages.
Column: No consequences for lying mortgage borrowersSeattle Times
Bank of America Seeks to Clarify HAMP TermseCreditDaily.com
BofA to simplify modified mortgages disclosureReuters
PR Newswire (press release)
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2009’s mortgage modifications pretty minor - San Francisco Chronicle

December 22nd, 2009 by admin

New York Daily News
2009's mortgage modifications pretty minor
San Francisco Chronicle
The net results have been paltry: Just 31382 borrowers nationwide had received permanent loan mods as of Nov. 30 under the Home Affordable Modification
More prime mortgages default in 3rd quarterLos Angeles Times
Redefault Rate Decreases for Restructured MortgagesWall Street Journal
Home Loan Modification – Avoid Foreclosure with Wachovia MortgageSubprime Blogger (blog)
UPI.com -OpEdNews -Daily Finance
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Fed sets out new rules for US risk-based lending - Reuters

December 22nd, 2009 by admin
Fed sets out new rules for US risk-based lending
Reuters
WASHINGTON, Dec 22 (Reuters) - Lenders who offer better terms to some borrowers than others will have to give consumers notice if their credit report turns

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