Author Archives: admin

More Shake Up at the CFPB?

Buzz at the Consumer Financial Protection Bureau is that director Richard Cordray is thinking about leaving the agency when his recess appointment expires at the end of next year, rather than go through another contentious confirmation battle. A spokesperson at … Continue reading

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A rebound off the bottom

Home prices during the first half of 2012 posted their strongest gains in six years, the clearest sign that more U.S. housing markets have hit bottom. But the housing market remains far from normal. Hitting a bottom shouldn’t be confused … Continue reading

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Recovery Update

By NICK TIMIRAOS The percentage of American homeowners behind on their mortgage payments fell during the first quarter to the lowest level since the end of 2008. But the share of loans in foreclosure remains stubbornly high, according to a … Continue reading

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Bank of America – Paying it back?

Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount … Continue reading

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Housing Market showing a recovery

US home-buying season finally signaling a recovery By ALEX VEIGA, AP Real Estate Writers – 23 hours ago WASHINGTON (AP) — Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to … Continue reading

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Fed to keep Interest Rates Low

By Don Lee, Los Angeles Times March 26, 2012, 10:50 p.m. ARLINGTON, Va.— — Federal Reserve Chairman Ben S. Bernanke, worried that recent labor market improvements could fizzle because of weak economic growth, signaled that he was poised to keep … Continue reading

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FHA Loans to Become a Little Cheaper

Refinancing Fees Are Reduced for Some F.H.A. Borrowers By TARA SIEGEL BERNARD In what it described as part of an initiative to lift the housing market, the Obama administration said Tuesday that it would make refinancing less expensive for certain … Continue reading

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HARP Loans have not hit yet

Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 17. The Refinance Index decreased 4.8 percent from the previous week. The seasonally … Continue reading

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Arizona’s Piece of the Pie!

Arizonans will divide up about $1.6 billion from a nationwide settlement announced Thursday with five major mortgage lenders. The cash is part of a $26 billion pact to settle claims that the lenders acted improperly and illegally in dealing with … Continue reading

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Where were YOU 8 years ago?

I lifted this from Inman this morning, forget about the movie… are you ready to, or can you… change? Eight years ago a scrappy kid at Harvard had an idea. I would have liked to be at Harvard that night; … Continue reading

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