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In an effort to boost the economy, create jobs, and stabilize neighborhoods, 33 U.S. Senators are asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate-owned (REO) management strategy to make better use of vacant foreclosed homes. Led by Sens. Jack Reed (D-RI), Tim Johnson [...]
Homeowners hurt by faulty foreclosure practices by the largest mortgage servicers may still get a principal reduction under one potential settlement with the state attorneys general, according to a source familiar with the talks. The 50 state AGs launched an investigation one year ago when servicers were found to be forging signatures and filing faulty [...]
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards but below peak levels reached in the last few years, according to DataQuick. An estimated 35,404 new and resale houses and condos were sold statewide last month. That was down 6.2% from 37,734 in August, and up 6.7% [...]
Mortgage Origination | Home Loan Finance Experts The purpose of Mortgage Plus, as a mortgage originator, is to assist you with the application process for your home loan to one or more of the Financial Institutions giving you peace of mind and saving you time. The services extended to you by Mortgage Plus are free [...]
Freddie Macs most recent Primary Mortgage Market Survey revealed that mortgage rates continued to remain close to historic lows for the second-straight week, which may prompt more potential homeowners into action.For the week ending September 22, the average rate was 4.09 percent for a 30-year fixed loan, the second-straight period the average remained at this [...]