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- Bank of America shuts down mortgage branch to cut losses posted on September 1, 2011
- How many times is too many: Multiple mortgage refinances posted on October 28, 2011
- Fannie Mae, Freddie Mac to repay bailout by starting in 2014 posted on October 31, 2011
- Mortgage rates drop again, mortgage applications increase posted on October 31, 2011
- Lenders reveal common refinancing mistakes posted on September 15, 2011
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Monthly Archives: September 2011
States looking for ways to help local homeowners
The Arizona Department of Housing recently reported that federal funding to help Arizona homeowners from entering foreclosure has been expanded, after the program failed too many borrowers. Continue reading
California enacts reverse mortgage insurance law
The recently enacted reverse mortgage insurance law will go into effect in 2012, and will require insurance written on reverse mortgage originations to be arm-length transactions. Continue reading
Fannie Mae offers help to homeowners in St. Louis
Fannie Mae recently opened its eleventh help center in St. Louis, Missouri, to provide free education and counseling services to homeowners facing default. Continue reading
Financial institutions reaching out to homeowners
Bank of America listened to more than 300 complaints from financially distressed homeowners in the Memphis area who are looking for lower monthly mortgage payments on their home loans. Continue reading
California wooed by U.S. banks
California is being persuaded by the largest U.S. banks to join a multi-state mortgage settlement, rather than pursue its own deal. Continue reading
Mortgage loan performance worsens in second quarter
The Office of the Comptroller of the Currency recently reported that the mortgage loan performance of the largest banks and federal savings associations in the country declined in the second quarter of 2011, while delinquencies rose slightly for the first time in six quarters. Continue reading
Mortgage fraud in South Florida
In South Florida, 20 people were charged with a $40 million bank and mortgage fraud scheme. Continue reading
The importance of appraisals
The Appraisal Institute recently released a form to help real estate appraisers analyze the values of energy-efficient home features as an optional addendum to the Fannie Mae Form 1004 that is used for mortgage lending. Continue reading
HSH announces refinancing mistakes
Home refinancing can be murky waters to tread in for inexperienced homeowners, so HSH released a list of mistakes for consumers to avoid. Continue reading
Fannie Mae economic outlook released, new FHFA proposal
Fannie Mae recently released its U.S. Economic and Housing Market Outlook for September, which suggests that a coupling of monetary and fiscal stimulus could accelerate growth in 2012. Continue reading
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