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Mortgage News

News on Mortgage continually updated from thousands of sources around the net.

2 hrs ago | Richmond Times-Dispatch

Surprise mortgage fees set to come to an end soon

WASHINGTON Remember the bad old days of eleventh-hour mortgage settlement cost shocks and mystery junk-fee charges? Remember when the "good-faith estimates" your lender gave you upfront said closing costs would be about $2,000, but somehow they ballooned to $3,500 on the final settlement sheet? Worse yet, you had to come up with the extra money to ...

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Related Topix: Home, Mortgage, Personal Finance, Opinion

6 hrs ago | Q13.com KCPQ TV

Defense attacks government's case at trial of 2 ex-Bear Stearns hedge fund managers

Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.

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Related Topix: Criminal Defense Law, Law, Personal Finance

11 hrs ago | problembanklist.com | mortgagenews

Five More Failed Banks Result In $1.5 Billion Loss For FDIC | Problem Bank List

Regulators closed 5 additional failed banks today in California, Missouri, Minnesota, Michigan and Georgia. The largest failed bank of the week was United Commercial Bank of California which had $11.2 billion in assets.

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Related Topix: California, MO

Fri Nov 06, 2009

Housing Wire

RMBS Ratings Proposal Will Determine Insurersa Capital Requirements

The National Association of Insurance Commissioners on Thursday approved a proposal to establish a new model for determining ratings of residential mortgage-backed securities .

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Related Topix: Personal Finance

ClipSyndicate

Fannie Seeks Extra $15Bln From Emergency Treasury Fund: Video

Nov. 6 -- Fannie Mae, the mortgage buyer seized by regulators, plans to tap emergency U.S. capital for a fourth time this year, bringing its draws of taxpayer money to $60 billion as the company sees no immediate end to its losses.

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Related Topix: Personal Finance, Video, Business News

Denver Daily News

Subprime lending drops in Colorado

Subprime lending marked a sharp drop last year in Colorado, representing the stateA's declining economy and slowing extension of credit, according to a report released yesterday by the Attorney GeneralA's office.

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Related Topix: Mortgage, Personal Finance, Home, Foreclosures

CBS2

Student Loan Debt Burdens Recent Grads

Share + Nov 5, 2009 7:19 pm US/Central BOSTON It's a scary time to be a recent college graduate.

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Related Topix: Boston, MA, Becker College, Home, Mortgage, Personal Finance, Family, Kids, Boston University

Newindpress

Sparring over evidence at Wall Streeters trial

Ralph Cioffi, an ex-Bear Stearns hedge fund manager, arrives at Brooklyn federal court in New York in this October 13, 2009 NEW YORK: In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told "black and white lies," but a ...

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Related Topix: Investment Banking, Financial Services, Bear Stearns, Investment Services, Brooklyn, NY, New York, NY, Home, Mortgage, Personal Finance

Thu Nov 05, 2009

KCBY-TV Coos Bay

A big new tax break coming for homebuyers

Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government.

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Related Topix: Home Buying, Home, US News, Tallahassee Metro, Real Estate, Mortgage, Personal Finance

FOX59.com WXIN-TV Indianapolis

Fannie Mae to allow troubled borrowers to hand over deeds to homes and then rent

Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Los Angeles Metro, Orange County Metro

New York City's Hometown Newspaper - ...

Time to buy? Mortgage rates drop below 5%

A half-renovated Victorian era home is offered for sale in the Angelino Heights neighborhood.

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Related Topix: Mortgage, Personal Finance, Home, Walpole, MA

MyFoxOrlando

Justices consider foreclose mediation

Mediation would be a good way to expedite a flood of mortgage foreclosures, members of a foreclosure task force said Wednesday, but some disagreed on the details in oral arguments before the state Supreme Court.

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Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Miami Metro, Palm Beach County, FL

WJHG-TV Panama City

Florida Justices Consider Mediation for Foreclosures

Members of the Florida Supreme Court's residential mortgage foreclosure task force agreed that mediation would be a good way to expedite a flood of such cases.

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Related Topix: Foreclosures, Mortgage, Personal Finance, Home

Wed Nov 04, 2009

Mortgage News Daily

Mortgage Applications Increase 8.2%. Refinance Demand...

The Mortgage Bankers Association today released the Weekly Survey on Mortgage Application Activity for the week ending October 30, 2009.

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Related Topix: Mortgage, Personal Finance, Home, Home Buying

www.bloomberg.com | mortgagenews

Banking Break-Up Is Template for Obama's Zombies

It's too late, too timid, and comes with too many questions attached. Even so, the U.K. government deserves some credit for finally moving to break up a bloated, failed banking industry.

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Related Topix: World News, United Kingdom, Gloucestershire County, England,

Wall St. Cheat Sheet

Fed Keeps Easy Money Plan

Federal Reserve Chairman Ben Bernanke and crew held interest rates steady at record lows for the eleventh straight month.

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Related Topix: Ben Bernanke, Home, Mortgage, Personal Finance, Financial Markets

The Age

Borrowers face second hit in a month

AUSTRALIA'S big four banks have moved quickly to hit home loan customers with another interest rate rise after yesterday's move by the Reserve Bank.

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Related Topix: Australia and New Zealand Banking Group, Financial Services, Home, Mortgage, Personal Finance, National Australia Bank

Worcesternews.co.uk

PM accepts Kelly Report

PRIME Minister Gordon Brown today accepted "in full" the Kelly report on MPs' expenses, which said MPs should no longer be able to claim for their mortgages or employ family members at the taxpayer's expense.

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Related Topix: Personal Finance

KBCI CBS 2

Fed likely to keep key interest rate at record low

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.

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Related Topix: Ben Bernanke, Home, Mortgage, Personal Finance

Tue Nov 03, 2009

KSDK NewsChannel 5

More walk away from homes, mortgages

When Sharon Sakson was laid off recently from her job as a television writer and producer, she burned through her savings to pay the $2,400 monthly mortgage on her home.

1 comment

Related Topix: Home, Mortgage, Personal Finance, Pennington, NJ, Foreclosures, Housing

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