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It appears that California will receive the largest share of the recent landmark National Mortgage Settlement .Over the next three years, distressed homeowners in California may expect $12 billion in principle write downs, including short sales. When...
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White House details mortgage refinancing plan for homeowners There are now some further details on President Obama's Housing initiatives that he announced during last week's State of the Union address. The White House hopes to help millions of...
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Fannie Mae and Freddie Mac have revised their forbearance policies and are now directing mortgage servicers to suspend or reduce monthly payments when a borrower can show a job loss. Mortgage servicers can now provide up to six months of relief for eligible...
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Los Angeles County home sales spiked 14.6 percent in December, fueled by buyers and investors tapping into extremely low interest rates. But sales were still off 4.6 percent from December 2010, the California Association of Realtors reported Tuesday....
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It’s official. The Federal Housing Finance Agency (FHFA) unveiled a new, revamped government mortgage refinancing program Monday. The initiative involves a series of rule changes to the Home Affordable Refinance Program (HARP) to allow more underwater...
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