Archive for February, 2008
Tuesday, February 12th, 2008
..The new program dubbed Project Lifeline extends
earlier Hope NOW efforts to include those who are seriously delinquent
whether their problems are with subprime, Alt A or prime loans and will
even assist those in foreclosure with second mortgages or home equity
lines.
...The hotline is now handling over 4,000 calls ...
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Monday, February 11th, 2008
There are two small changes in the tax code this year that may benefit
some homeowners. The first change deals with the deduction of
premiums for private mortgage insurance while the second helps homeowners
whose homes were foreclosed in the last year or who gave
a deed in lieu of ...
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Friday, February 8th, 2008
In spite of declining house prices and tightening credit, Americans
are continuing to pull cash out of their homes according
to Freddie Mac's Cash-Out Refinance Report for the fourth quarter of
2007, but in fewer numbers and much lower amounts than recorded even one
quarter earlier.
81 percent of Freddie Mac-owned ...
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Thursday, February 7th, 2008
In a conference call/press conference on Thursday, the Conference of
State Bank Supervisors (CSBS) released its first report
on loss mitigation efforts as reported by 13 major
residential mortgage servicers.
Iowa Attorney General Tom Miller explained that the report grew out of
a concern dating back to last summer that the ...
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Wednesday, February 6th, 2008
It was nice while it lasted but mortgage
rates last week reversed a four week downward trend and made up much
of the ground they lost a week earlier. However, they still remained well
below where they were at the end of 2007 when the four-week slide
began.
The volume of ...
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Tuesday, February 5th, 2008
With the New Year it is interesting to look back to
the forecast issued in January 2007 and compare it with the January 2008
outlook which came out late last month. In some cases the economists at
Freddie Mac had a pretty clear vision of what 2007 would be like, ...
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Monday, February 4th, 2008
Freddie Mac has released a survey done in cooperation with Roper
Public Affairs and Media, a leading international market research firm
that shows 57 percent of borrowers who are behind in
their payments are unaware that their lenders may be able to offer them
workout options.
The study concludes that ...
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