Mortgage and Financial News From 2010-1-16 Page 01
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Home foreclosures up 44% - Daily Advance
She hears homeowners complain that their phone calls to lenders aren’t returned and they never can seem to reach a “live” person when they call. If a homeowner is fortunate enough to speak to a live person, he usually can’t reach that person ...
2010-01-16 09:34:00 -
New FEMA maps put more residents within floodplain - Bozeman Daily Chronicle
published on Saturday, January 16, 2010 9:53 PM MST By LAUREN RUSSELL Chronicle Staff Writer After above-average snow melt in 2007 caused a nearby creek to overflow into his home’s crawlspace, Scott Holton decided it was time to purchase flood ...
2010-01-16 10:46:00 -
What a Mortgage Will Really Cost - Wall Street Journal
Shopping for a mortgage has just gotten simpler. Lenders are now required to use easy-to-understand forms providing basic loan terms and good-faith estimates of closing costs. And closing agents are required to provide a settlement statement that ...
2010-01-16 10:17:00 -
Rules aim at short sales | Policies to speed up process - The Sun News
FORT LAUDERDALE, Fla. -- Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines that give lenders a 10-day limit in which to respond to ...
2010-01-16 10:31:00 -
Next up: 20% drop in home prices - St. Augustine Record
Housing prices in Northeast Florida, including St. Johns County, will drop more than 20 percent this year, on top of the 30 to 50 percent they have already fallen, say national and state economic experts. In 2011, prices will stay nearly flat, they ...
2010-01-16 11:14:00 -
As home sales rise, foreclosures keep recovery elusive - Newsday
An example of the region's deeply troubled housing market is Windsor Parkway in Hempstead , which is like so many dozens of streets and neighborhoods across Long Island , where residential sales appear to be making a modest comeback - but that ...
2010-01-16 10:10:00 -
News - Local News - North Platte Bulletin
Illinois Attorney General Lisa Madigan said the federal government actually handicapped states from going after fraudulent lenders in the years before the 2008 housing bubble collapse and resulting international economic crisis. Madigan gave many ...
2010-01-16 09:20:00 -
A cure for the vacant home? Live-in stagers - CharlotteObserver.com
The three-bedroom waterfront estate in Fort Lauderdale, Fla., normally would rent for about $5,000 a month. But Angela Genereux gets to live there for roughly a third of the cost. The tradeoff is she has to keep the place in show condition - no dirty ...
2010-01-16 11:00:00 -
Smart moves to refinance a mortgage - The State
Are you eager to refinance your home in 2010 but fear you'll be turned down because of stringent lending standards? Yet do you have the kind of job stability and credit history you believe should qualify you to refinance into a lower-rate home loan ...
2010-01-16 10:39:00 -
Are we stupidto trust the Fed? - St. Petersburg Times
If only we'd had more power, we could have kept the financial crisis from getting so bad. That has been the position of Ben Bernanke, the Federal Reserve chairman, and other regulators. It explains why Bernanke and the Obama administration are ...
2010-01-16 11:00:00 -
Lessons we can learn from the 'lucky country' of Oz - Times LIVE
Lessons we can learn from the 'lucky country' of OzTimes LIVEThis past week National Australia Bank (NAB), Australia's fourth-largest bank, was tipped to acquire Britain's troubled mortgage lender Northern Rock at a ...
2010-01-16 03:58:30 -
Financial Questions and Answers - Baltimore Sun
Financial Questions and AnswersBaltimore SunThe damage may be greater, considering that you must have missed various mortgage payments before the lender files for foreclosure, and each of those missed ...and more »
2010-01-16 06:44:57 -
Corporate America still doesn't get it - Media Monitors Network
Corporate America still doesn't get itMedia Monitors NetworkHe bought a single unit home for $450000. After paying down-payment on his house, he has to pay $3200 per month on home mortgage. His wife does not work. ...and more »
2010-01-16 08:05:35 -
Home foreclosures up 44% - The Daily Advance
Home foreclosures up 44%The Daily AdvanceFinally, the NC Housing Finance Agency offers a Home Protection program to qualifying homeowners who aren't able to afford their mortgage payment. ...
2010-01-16 10:11:45 -
More Bank Fraud - Wall Street Pit (blog)
More Bank FraudWall Street Pit (blog)“They are pretty clear and pretty upfront about the fact that if the first lender knows they are getting paid, the first lender will kill the short sale,” ...and more »
2010-01-16 10:44:49