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Unemployment Vexes Foreclosure Plan
Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration's effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers...
Foreclosure Pulse
- Friday, June 26, 2009
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Indiana Courts Set for Foreclosure Change
Indiana Courts Set for Foreclosure Change The Journal Gazette Though it might be August before Allen County court officials see any changes from a new mortgage law taking effect next week, they will be ready July 1. In the spring, the state legislature...
Foreclosure Pulse
- Thursday, June 25, 2009
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Not Paying the Mortgage, Yet Stuck With the Keys
Not Paying the Mortgage, Yet Stuck With the Keys The Washington Post A growing number of American homeowners are falling into financial limbo: They're badly behind on payments, but their banks have not yet foreclosed. The backlog of seriously delinquent...
Foreclosure Pulse
- Wednesday, June 24, 2009
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Lost jobs forcing more out of homes
Lost jobs forcing more out of homes USA Today WASHINGTON — The nation's foreclosure crisis — once largely confined to only a few corners of the country — is spreading to new areas as the economy teeters. The foreclosure rates in...
Foreclosure Pulse
- Tuesday, June 23, 2009
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Tax credit for home purchase could rise
Tax credit for home purchase could rise USA Today Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market. With the tax credit scheduled to...
Foreclosure Pulse
- Monday, June 22, 2009
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Bargain Hunters See Bottom in Some Markets
Ask a group of real estate millionaires how they made their money and most will recite some version of this axiom: “When everyone zigs, you zag.
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DC Dispatch: Lockhart on the Future of Fannie and Freddie, Foreclosure Prevention
About one hour after hearing from Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development, which has seen loan volume skyrocket over the past year to account for about 24 percent of the mortgage origination market, a small group...( read more )
...Tags: Fannie Mae Freddie Mac foreclosure prevention Lockhart FHFA.
Foreclosure Pulse
- Sunday, June 21, 2009