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The Impending Reform of Fannie Mae and Freddie Mac

According to the public listings of meetings, Treasury officials have met with executives from several leading banking institutions, including Wells [...] read more »
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Tax Credit Helps Homes Sales Increase

Home sales increased in March in all four regions of the U.S., led by a 44% increase in the southern states. Demand for existing homes could remain [...] read more »
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Baltimore Sues Wells Fargo, NAACP Backs Off

The city of Baltimore filed a complaint Wednesday against Wells Fargo & Co. in Federal Court claiming, “Wells Fargo’s discriminatory practices, and t[...] read more »
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Qualifying For The New Foreclosure Relief Program

Help for the unemployed- Jobless mortgage holders can receive a three month temporary forbearance on their mortgage loan. Loan servicers participati[...] read more »
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Foreclosure Prevention Program, Fixer Upper Or Turn Key Ready?

On Thursday the House Committee on Oversight and Government Reform examined the impact of the Treasury’s foreclosure prevention efforts. The hearing[...] read more »
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Financial Reform Building Momentum

The current draft of this bill is not the same sweeping legislation that Senator Dodd introduced in Nov. 2009. The November draft contained regulatio[...] read more »
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Are Consumers Really Paying Off Credit Cards?

A report out this week says that Americans reduced their credit card debt by $93 billion between 2008 and 2009. This could be seen by some as good n[...] read more »
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Is The Canadian Housing Market Sustainable?

Is the Canadian economy a success story that we should follow, or are the Canadians traveling down the same path as the American economy? This is an[...] read more »
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Bipartisan Debt Commission Or Mission Impossible?

In an effort to rein in the ever growing national debt, President Obama signed an executive order last Thursday creating a bipartisan debt commission[...] read more »
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‘Seasonality Disorder’ In The Housing Market?

Credit research company TransUnion has just released a report that shows mortgage loan delinquencies have increased and are up for the 12th quarter i[...] read more »
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FTC Proposes Up-Front Fee Ban for modifications

The Federal Trade Commission has proposed a new rule that would ban third party mortgage companies from charging up-front fees for mortgage modificat[...] read more »
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Coalition Proposes Mortgage Principal Reduction Plan

his week a group of mortgage investors proposed a principal reduction plan to congress. This proposal will encourage a new phase in the HAMP program[...] read more »
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Ten Steps To Help You Be Debt Free

The current economy is now making it harder than ever before to pay off debt and remain debt free for any significant amount of time... read more »
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FHA Announces Tighter Restrictions On Lending

This week the Federal Housing Administration announced tighter restrictions will be placed on lending requirements. This is being done in the hope o[...] read more »
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Existing Home Sales Decline

A real-estate industry report released this week showed existing home sales fell in the month of December. According to the National Association of [...] read more »
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