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Mortgage rates are great – if you can qualify
Dallas Morning News, TX The easiest way to avoid having to buy mortgage insurance is to put down at least 20 percent of the home's purchase price. If you can't afford that, you still will have to put some amount down. FHA-insured loans require a 3.5 percent down payment. … |
 ABC News |
Obama administration warns of mortgage relief scams
Los Angeles Times, CA But the agency alleged the firm "did not obtain a mortgage loan modification or stop foreclosure in all or virtually all instances." The managing partner of the firm, Nabile Anz, who also was named as a defendant, said those allegations were … Government Rolls Out Plan to Fight Loan Scams Washington Post Scamster Stimulus Forbes Government cracking down on mortgage scams The Associated Press HULIQ - KBOI all 595 news articles |
 ABC News |
US mortgage problems increasing
San Francisco Chronicle, USA Loan modification - changing mortgage payments to help borrowers keep their homes - is a cornerstone of efforts to prevent foreclosures. Previously, the comptroller reported that more than half of modified loans ended up delinquent again within months. … Mortgage aid often failed to curb defaults Los Angeles Times Aid to Borrowers Not Preventing Rising Delinquency Washington Post Study Buoys Mortgage Modification Wall Street Journal The Associated Press - Reuters all 270 news articles |
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The Return of Jumbo Mortgage
Wall Street Journal "More cash comes in the door," Mr. Gumbinger says, and so "the loans go out the other side." Plus, banks have gotten assistance from the federal government, and record-low conforming mortgage rates have inspired more people to refinance loans — giving … Bill would fundamentally reform home mortgage industry Los Angeles Times Expect some lag time on that new mortgage Ventura County Star Mortgage Market update - The Weekend Edition Examiner.com The Newark Advocate - MonitorBankRates.com all 33 news articles |
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When to Use a Mortgage Broker
New York Times, United States The PMI Group, one of the biggest companies in the mortgage insurance business, flat out refuses to underwrite any policies on loans that started with a broker. Meanwhile, a bill is moving through Congress that would ban a common practice from a few … |
 ABC News |
Home Loan Defaults High Despite Modifications
Washington Post, United States The report also found that an increasing number of borrowers default on their loans before making a single payment. The report by the Office of Thrift Supervision and the Office of the Comptroller of the Currency, which regulate mortgage lenders, … Report finds US mortgage problems increasing San Francisco Chronicle Loan modifications rise; many don't pare payments The Associated Press Sharp Cuts in Monthly Payments Reduce Redefault Rate, Study Finds Wall Street Journal U.S. News & World Report - Bizjournals.com all 241 news articles |
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Retirement savers can take loans to buy rental property
MarketWatch For that reason, rates on nonrecourse IRA loans tend to be slightly higher than those on owner-occupied properties, but are roughly on par with typical investor mortgage rates. Grandview, Mo.-based NASB is considered the nationwide leader in the … |
 Washington Times |
Rising Defaults Could Spur FHA to Seek Taxpayer Funds
Wall Street Journal Roughly 7.5% of FHA loans were seriously delinquent at the end of February, up from 6.2% a year earlier. The FHA's reserve fund fell to about 3% of its mortgage portfolio in the 2008 fiscal year, down from 6.4% in the previous year. … Gov't sees loan defaults rise The Associated Press Fraud fears cloud FHA's success in stabilizing housing market MiamiHerald.com Gov't sees loan defaults, foreclosures rise KNDO/KNDU Seattle Post Intelligencer - St. Louis Post-Dispatch all 290 news articles |
 KRQE |
Thornburg Avoided Subprime Loans, Still Crushed By Crisis
Wall Street Journal By Joe Bel Bruno Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Thornburg Mortgage Inc. (THMR) once boasted of the fact it never extended loans to risky borrowers, but that virtue wasn't enough to stave off the home lender's collapse. … Thornburg Mortgage to File for Bankruptcy, Liquidate Bloomberg End is near for Thornburg Mortgage Bizjournals.com Thornburg Mortgage to file bankruptcy Reuters Reuters India - Wall Street Journal all 122 news articles |
 Columbus Dispatch |
Huntington Bancshares CEO sees upside from 'toxic' loans
MarketWatch Huntington's Chairman and Chief Executive Stephen Steinour said a deal announced Tuesday night to take on troubled mortgage loans from Franklin Credit Management Corp. (FCMC: , , ) , a mortgage company, will benefit his bank. Huntington, of Columbus … Huntington Bancshares Announces Restructuring of Franklin Credit … FOXBusiness Huntington eliminates problem subprime loans The Associated Press Huntington restructures Franklin relationship Bizjournals.com Columbus Dispatch - The Plain Dealer - cleveland.com all 112 news articles |
