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Los Angeles Times - Sun May 27, 8:09 am ET
Although retirees may have significant financial assets in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders' hyper-strict underwriting rules. WASHINGTON — It's a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: Although they may have significant financial assets tucked away in ...
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Los Angeles Times - Sun May 27, 8:08 am ET
Bank of America is testing a mortgage-to-lease program in four states. The idea: Instead of evicting homeowners who face foreclosure, it lets them stay as tenants and sells the homes to investors. Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead.
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12 News Phoenix - Sun May 27, 4:38 pm ET
A long-awaited federal program that will allow many people to refinance mortgages and make lower payments in spite of owing far more than their homes are worth will finally be available Monday to metro Phoenix borrowers.
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12 News Phoenix - Sun May 27, 4:33 pm ET
After more than $500 million in federal allotments to Arizona to try to slow foreclosures, the latest federal housing-assistance program seems to be the first one to provide widespread help.
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Post-Bulletin - 24 minutes ago
WASHINGTON — The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the administration cites a media report that claims federal spending
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San Francisco Chronicle - Sun May 27, 3:24 am ET
The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year. Mortgage buyer Freddie Mac says the rates on the...
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The Christian Science Monitor - Sun May 27, 2:04 pm ET
Mortgage rates for 30-year loan now stand at 3.78 percent. Fixed mortgage rates for 15-year loans are unchanged at 3.04 percent, a record low.
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The Star-Ledger - Sun May 27, 9:36 am ET
The refinancing market has been on a tear lately, but bankers and economists say the boom can't last. Or can it?
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Ashland City Times - Sun May 27, 4:37 pm ET
On July 7, Ellington Agricultural Center's Summer Saturday series theme is Hold Your Horses. / Submitted Putting together my annual “Ms. Cheap’s Guide to Summer” is one of my favorite projects of the year.
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Business Standard India - Sun May 27, 3:25 pm ET
Is the Federal Reserve too complex to manage, too? That’s usually a question for big banks like JPMorgan, recently humbled by a surprise trading loss. But it’s also not a bad one for the Fed. From the presence of JPMorgan boss Jamie Dimon on the New York Fed board to the US central bank’s forays into housing policy, the Fed seems to be pleasing no-one.
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Lancaster Online - Sun May 27, 12:07 am ET
The following deeds were recorded at the Lancaster County Courthouse May 14-18.Adamstown BoroughFannie Mae, Federal National Mortgage Association and Phelan Hallinan & Schmieg conveyed property on East Main Street to Curtis P. Morgan and Deborah L. Morgan for $150,000.Akron BoroughFlavia Arena c...
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ABC News - Sat May 26, 9:33 pm ET
An email from the Obama campaign encapsulates the problem when political campaigns seize the language of fact checkers, muddying the waters. “Received a robo-call or an email forward full of falsehoods?” the page asks. “Found a misleading leaflet in your mail?
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Worcester Telegram & Gazette - Sun May 27, 5:03 am ET
and#8226;WASHINGTON and#8212; The stock market is closed for Memorial Day.
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The Ponca City News - Sun May 27, 9:26 am ET
In the early days of the Obama administration, a lot of people, including some Republicans, weren’t much bothered by the new president’s tendency to blame his predecessor for the nation’s problems.
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The Toledo Blade - Sun May 27, 12:29 am ET
NEW YORK -- When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.