Junk mortgages: It just gets worse
Back two years ago when the mortgage meltdown was heating up, we wrote an article called "Junk Mortgages Under the Microscope" dissecting a particularly wretched mortgage-backed securities ...
CNN Money,
Tue Dec 01 06:40:02 PST 2009
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Rates on 30-year mortgages sink, match record low
McLEAN, Va. - Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie ...
Builder Magazine,
Tue Dec 01 05:35:20 PST 2009
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Mortgages bigger than ever
THE average size of a new mortgage hit a record $367,000 during November despite sales of overall home loans falling.
Herald Sun,
Tue Dec 01 17:51:49 PST 2009
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Record for new mortgages
The average size of new mortgage hit a record in Australia during November despite sales of overall home loans falling for the second straight month.
Sky News Australia,
Tue Dec 01 17:42:40 PST 2009
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Treasury steps up pressure on lenders to modify more mortgages
The Obama administration on Monday promised tougher scrutiny of lenders participating in its marquee foreclosure-prevention effort and threatened to penalize companies that don't do enough ...
Washington Post,
Mon Nov 30 21:00:00 PST 2009
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NACA continues promising mortgages despite complaints
CHARLOTTE, N.C. -- The Neighborhood Assistance Corporation of America, or NACA, promises to help struggling homeowners save their houses from foreclosure. But are those promises kept? This ...
WCNC Charlotte,
Tue Dec 01 14:59:06 PST 2009
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Gov't unveils rules to speed up 'short sales'
The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. Homeowners w...
AP via Yahoo! News,
Tue Dec 01 14:23:46 PST 2009
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Harry Reid on mortgages: 'Bank of America must do more'
WASHINGTON -- Harry Reid pointedly criticized Bank of America today for not doing enough to help Nevada homeowners during the mortgage crisis, warning that the company must bring more resou...
Las Vegas Sun,
Tue Dec 01 14:41:38 PST 2009
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Volunteers help neighbors with mortgages
Bank of America, Southwest Organizing Project, others team up to help troubled homeowners and stabilize their neighborhood Standing on the front stoop of neighborhood homes, Betty Gutierrez...
Chicago Tribune,
Mon Nov 30 19:59:02 PST 2009
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U.S. Plan: Shame Banks Into Modifying Mortgages
The U.S. Treasury Department announced a plan to publicly embarrass banks failing to help homeowners.
CBS 5 Phoenix,
Tue Dec 01 20:31:59 PST 2009
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Report puts 20% of mortgages underwater
More than one-fifth of all mortgaged properties nationwide are underwater, with more owed on their mortgages than the homes are worth, according to a report being released today. First Amer...
San Francisco Chronicle,
Sun Nov 29 07:54:08 PST 2009
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Feds to pressure banks to speed up refinancing of troubled mortgages
Crackdown comes in response to complaints from Silicon Valley and across the country that a $75 billion government program to avert foreclosure is severely bogged down.
San Jose Mercury News,
Mon Nov 30 20:30:29 PST 2009
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Pressure intensified to modify mortgages
WASHINGTON--Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing eno...
The Buffalo News,
Tue Dec 01 04:05:40 PST 2009
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Gov't unveils rules to speed up 'short sales'
The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. Homeowners w...
San Francisco Chronicle,
Tue Dec 01 14:56:10 PST 2009
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Lenders pressured to modify mortgages
WASHINGTON -- Unsatisfied with the speed at which banks are rewriting troubled home loans, the Obama administration said Monday that financial institutions face public shame and financial s...
Detroit Free Press,
Tue Dec 01 00:08:20 PST 2009
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Mortgage size swells to new high
New mortgages hit record size despite drop in new loans.
The Age,
Tue Dec 01 17:21:40 PST 2009
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Mortgage size swells to new high
The average size of new mortgages hit a record in November despite sales of overall home loans falling for the second straight month.
Business Day,
Tue Dec 01 17:07:19 PST 2009
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U.K. House Prices Rise for Fourth Month, Mortgages Increase
Nov. 30 (Bloomberg) -- U.K. house prices rose for a fourth month in November and mortgage approvals climbed to the highest level in 1 1/2 years as the economy started to emerge from the rec...
Bloomberg,
Mon Nov 30 07:20:45 PST 2009
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Mortgage-modification effort lags; U.S. faults lenders
More than 22,000 New Jersey homeowners are asking to have their mortgages modified to a lower rate through a federal program being pushed by the Obama administration to help borrowers at ri...
Asbury Park Press,
Tue Dec 01 17:27:28 PST 2009
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