Monthly Archives: March 2012

Mortgage Brokers – a Phoenix from the Ashes

Imogen Reed writes: Since the mortgage and housing collapse, mortgage brokers have developed a poor reputation. A lot of people singled out mortgage brokers as a major cause for the sub-prime crisis of 2008, which resulted in a whole host … Continue reading

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Bank of America Launches ‘Mortgage to Lease’

Imogen Reed writes: The Bank of America has announced a pilot scheme which will allow homeowners in danger of foreclosure to stay in their homes as tenants, with their outstanding loans written off by the bank. The scheme is initially … Continue reading

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Fannie Mae, Freddie Mac Fat Cats Slimmed

Executives at Fannie and Freddie made millions of dollars as they drove those institutions into bankruptcy and a massive taxpayer bailout. Taxpayers are on the hook for about $300 billion by 2014 to keep Fannie and Freddie afloat. Now the … Continue reading

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Is Mortgage Principal Write-Off Overdue At Fannie, Freddie?

Taxpayers are on the hook for about $300 billion for Fannie Mae and Freddie Mac, but if liberals get their way, that number will balloon as Fannie and Freddie write-down mortgage principle for their most inept borrowers. People would who … Continue reading

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Mortgage Interest Rates Fall

Mortgage interest rates dropped this past week. They remain under 4% for borrowers with the best credit scores. There’s not much demand for mortgages so with reduced demand, suppliers of such loans must drop their prices (interest rates and fees) … Continue reading

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BofA Reduces Mortgage Loan Principal For 200,000

As a result of a settlement with state and federal government, Bank of America is writing down mortgage loan principal for about 200,000 Americans, sometimes as much as $100,000 per mortgage. Banking is far more regulated than ordinary business. Bankers … Continue reading

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Freddie Mac Asks For More Government Help

So far taxpayers have paid out about $170 billion to subsidize Fannie Mae and Freddie Mac. That works out to about $1300 per American. Taxpayers are on the hook for at least another $100 billion in aid over the next … Continue reading

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Get To Know What Criminal Law Is

Criminal law is a body of the law that relates to the various aspects that relate to criminal activities like robbery, murder, theft etc. The lawyers who specialize in this area law are known as criminal lawyers. The san antonio … Continue reading

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The New Mortgage Refinance Program

Underwater homeowners with mortgage guaranteed by Fannie Mae and Freddie Mac will be able to refinance their loans under Obama’s new plan, saving themselves about a thousand dollars a year if they fill out all the paperwork correctly. Kathleen Pender … Continue reading

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Obama’s Foreclosure Legacy

The Obama administration keeps doing things about the housing crisis but none of them seem to work. The Obama approach is to selectively intervene in the housing market and channel subsidies to politically protected groups. Some homeowners who are underwater … Continue reading

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