| Popular Mortgage Industry News |
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0 Votes | HAFA short sale to help borrowers avoid foreclosure |
| Hi everyone,
In a bid to put a check on the rising number of foreclosure, the Obama Administration has come up with the Home Affordable Foreclosure ... Shared by Jerry - 1 year, 10 months, 3 weeks, 3 days, 18 hours, 50 minutes, 37 seconds ago |
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670 visits | 5 Comments | Are you recommending it?: 0%[0]
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3 Votes | Forbearance for the unemployed |
| As unemployment levels have reached its peak, the Federal Deposit Insurance Corporation (FDIC) has urged that the lenders should offer forbearance to the borrowers who ... Shared by Sara - 2 years, 4 months, 4 days, 3 hours, 10 minutes, 25 seconds ago |
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| 400 visits | 3 Comments | Are you recommending it?: 100%[3]
0%[0]
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1 Votes | "Robocalls" banned by FTC |
| After lots of complaints from consumers, the Federal Trade Commission has banned robocalls (telemarketing pitches). Unless the consumers have given pre-approval in writing, the telemarketers ... Shared by Niicss - 2 years, 4 months, 3 weeks, 6 days, 2 hours, 33 minutes, 11 seconds ago |
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| 358 visits | 4 Comments | Are you recommending it?: 100%[1]
0%[0]
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4 Votes | New bill proposes increase in FHA down payment |
| Hi,
A new bill introduced by Rep. Scott Garrett (R., N.J.) proposes to increase the minimum down payment requirement from 3.5% to 5%. The bill comes ... Shared by Savior70 - 2 years, 4 months, 6 days, 34 minutes, 17 seconds ago |
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| 575 visits | 4 Comments | Are you recommending it?: 75%[3]
25%[1]
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1 Votes | Downpayment Assistance Program available again in California |
| California Housing Finance Agency has introduced California Homebuyer's Downpayment Assistance Program (CHDAP) to help people in getting a mortgage. It is a simple interest rate ... Shared by Sara - 2 years, 7 months, 1 week, 2 days, 17 hours, 53 minutes, 20 seconds ago |
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| 690 visits | 4 Comments | Are you recommending it?: 100%[1]
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2 Votes | Federal Reserve adopts new rules from 1st Oct, 2009 |
| Federal Reserve has decided to adopt new rules from October 1st, 2009. Now onwards, mortgage lenders would have to be careful enough before offering high-cost ... Shared by Sara - 2 years, 4 months, 1 week, 2 days, 2 hours, 23 minutes, 24 seconds ago |
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| 329 visits | 3 Comments | Are you recommending it?: 100%[2]
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2 Votes | FHA lowers principal limit for reverse mortgages |
| Homeowners, 62 years or older, would now find it difficult to pay off their current mortgage debt obligations and turn their home equity into cash ... Shared by Savior70 - 2 years, 4 months, 1 day, 22 hours, 21 minutes, 20 seconds ago |
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| 350 visits | 3 Comments | Are you recommending it?: 100%[2]
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