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Would You Take Out a Mortgage from Wal-Mart?
These are interesting times for the mortgage industry in the US. The 2007-8 subprime lending crisis may have dealt a blow to the American economy, but it also damaged consumer confidence in traditional...
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The Debate Over The Mortgage Deduction Continues
The housing market is starting to recover in earnest, fueling a debate over the mortgage interest tax deduction, according to a recent article from CNN Money. Lobby groups and politicians on both sides...
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Well’s Fargo’s Success in 2012
The final numbers are lining up as 2012 comes to a close and the shocker is that in terms of net income, Wells Fargo is far exceeding expectations. In fact with $17.9 billion recorded as the net thus...
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FHA Waives “Anti-Flipping” Rule Through 2014 Opening Up Opportunities For...
If you’re thinking of investing in a home that needs a little TLC and then putting it on the market, now may be a great time to do so. The Federal Housing Administration recently extended the temporary...
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Major Valuation Company Goes Bankrupt
Several online real estate sites have been following the story of yet another national valuation company’s bankruptcy declaration. At the end of December, it was reported that the Florida-based firm,...
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U.S. Mortgage Services to Pay 8.5 Billion
The Federal Reserve and the Office of the Comptroller of the Currency, or OCC, determined in early January that 10 of the nation’s largest mortgage companies must pay big bucks for their role in...
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HOAs Turn the Tables and Foreclose on Banks
Don’t get mad, get even! In the Sunshine State, which was hard hit by the 2008 mortgage crisis, many homeowners are taking that philosophy to heart. Considering that within the last five years, over...
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Mortgage Application Volume Falls 8.1% in January
The first few weeks of the new year brought a strong surge of mortgage application activity, but it seems the initial momentum has faded some, as recent reports show mortgage application volume fell...
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What are ‘Zombie Titles,’ and are they as bad as they sound?
Some owners thought their homes were foreclosed when in reality, the banks abandoned them, leaving the distressed owners haunted by their mortgage. The phrase ‘zombie title’ sounds like something you’d...
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Obama Administration Releases April Housing Scorecard
Last month, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released its April 2013 edition of the Obama Administration’s Housing Scorecard – a...
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