Mortgage loan changes - Newsday

July 31st, 2009 by admin

Washington Post
Mortgage loan changes
Newsday
Lenders must give borrowers loan cost estimates within three business days of the application for refinancing, second home mortgage or home equity loan.
Are Mortgage Servicers Like Evil Credit Card Companies?Atlantic Online
Mortgage Co. Face New Pressure on Homeowner HelpABC News
Mortgage Servicers Are Under Pressure to Modify More LoansWall Street Journal
Florida Times-Union -Scripps News -Washington Post
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Guidelines Aim to Help Struggling Borrowers - Wall Street Journal

July 31st, 2009 by admin
Guidelines Aim to Help Struggling Borrowers
Wall Street Journal
The Obama plan, announced in February, provides financial incentives for mortgage companies to reduce loan payments to affordable levels.
New Federal Housing Administration loan assistanceThe Associated Press
Value Nation: How strong is the FHA loan?National Mortgage Professional Magazine
Federal mortgage programs open doors for cash-strapped first-timersWashington Examiner

all 97 news articles »

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Late-Fee Profits May Trump Plan to Modify Loans - New York Times

July 29th, 2009 by admin

Seattle Post Intelligencer
Late-Fee Profits May Trump Plan to Modify Loans
New York Times
Even when borrowers stop paying, mortgage companies that service the loans collect fees out of the proceeds when homes are ultimately sold in foreclosure.
Mortgage loan changesNewsday
Housing Market on the Brink of Recovery, RelapseWashington Post
Mortgage Co. Face New Pressure on Homeowner HelpABC News
Wall Street Journal -The Associated Press -New York Times
all 445 news articles »

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Foreclosures Are Often In Lenders' Best Interest - Washington Post

July 27th, 2009 by admin
Foreclosures Are Often In Lenders' Best Interest
Washington Post
Policymakers often say it's a good deal for lenders to cut borrowers a break on mortgage payments to keep them in their homes. But, according to researchers
Meltdown 101: Why is housing aid slow to arrive?The Associated Press
Mortgage Servicers Set To Defend Record At Treasury MeetingNASDAQ

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Bayview Mortgage Capital files for IPO - Reuters

July 27th, 2009 by admin
Bayview Mortgage Capital files for IPO
Reuters
The company plans to buy and manage residential and commercial mortgage loans, mortgage-backed securities, real estate-related securities, real estate,

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Loans Shrink as Fear Lingers - Wall Street Journal

July 26th, 2009 by admin

MSN Philippines News
Loans Shrink as Fear Lingers
Wall Street Journal
In contrast, new home purchases accounted for just 23% of all mortgage loans. May is the latest month for which the government's figures are available.
Where The Crisis Came FromWashington Post
Lending slowdown in US: reportAFP

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Op-Ed Contributor The Great Preventer - New York Times

July 25th, 2009 by admin

Gold Seek
Op-Ed Contributor The Great Preventer
New York Times
He and the Fed made three major mistakes when the subprime mortgage crisis began. First, he kept arguing that the housing recession would bottom out soon
Fed Pushes New Curbs On Lending PracticesWashington Post
Fed Unveils Rules to Protect BorrowersWall Street Journal
Fed moves to rewrite US mortgage broker compensationReuters
Seattle Post Intelligencer -The Associated Press -New York Times
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Fed Pushes New Curbs On Lending Practices - Washington Post

July 25th, 2009 by admin

Gold Seek
Fed Pushes New Curbs On Lending Practices
Washington Post
After applying for the loan, people would get streamlined information about their mortgage highlighting any risky features. The Fed has also proposed having
Fed Unveils Rules to Protect BorrowersWall Street Journal
Fed moves to rewrite US mortgage broker compensationReuters
Fed proposes more mortgage changesSeattle Post Intelligencer
The Associated Press -Bloomberg -WalletPop
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Lifelines for Those 'Underwater' - New York Times

July 25th, 2009 by admin

Chippewa Herald
Lifelines for Those 'Underwater'
New York Times
Under the initial plan announced in February, lenders could refinance a loan only if the borrower's mortgage was no more than 5 percent greater than the
'Mistake' on Fannie Mae, Freddie Mac to Shape FutureBloomberg
Freddie Mac June portfolio up, delinquencies jumpReuters
Freddie Mac Monthly Volume Summary: June 2009PR Newswire (press release)
RTT News -Bloomberg -Reuters
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Ginnie Debt May Swell to $1 Trillion on Down Payments - Bloomberg

July 24th, 2009 by admin
Ginnie Debt May Swell to $1 Trillion on Down Payments
Bloomberg
Lenders package those mortgages into bonds backed by Ginnie Mae, which offers buyers of mortgage bonds composed of loans backed by other agencies guarantees
FHA Loans Set New Record in JuneWall Street Journal Blogs
Prospects dim for mortgage brokersOak Brook Business Ledger
FHA Insider: FHA SWAT Teams–Don't be in the line of fire!National Mortgage Professional Magazine
Inman.com -Housing Wire -OCRegister
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