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Good News for Struggling Homeowners: Fannie and Freddie Increasing Purchase of Delinquent Mortgage Loans

February 25, 2010

Fannie Mae and Freddie Mac have announced plans to accelerate their purchase of delinquent loans from mortgage backed securities pools owned by investors. This increases opportunities for distressed homeowners to benefit from Fannie and Freddie’s foreclosure prevention programs.

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Fixed Rate Mortgage Loans Regain Favor

Current low mortgage rates are allowing more borrowers to qualify for fixed rate mortgage loans with stable monthly P&I payments.

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Credit Card Debt Consolidation News

February 24, 2010

The Federal Reserve, the nation’s banking regulator, recently began to enforce new rules on credit card companies. These new rules should help you to pay off your debt sooner. You may also pay less of your hard earned money on fees and high interest charges. Following are some of the exciting, positive changes that you [...]

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FHA Mortgage Loans Offer Benefit of Assumability

February 19, 2010

Current mortgage rates are providing first time homebuyers and homeowners with opportunities for finding affordable homes at low mortgage rates. Immediate benefits of FHA mortgage loans include assisting buyers with low down payment loans and flexible credit requirements, but another benefit of an FHA home loan is its assumability. What is assumability, and how [...]

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Saving Money Through Debt Relief

February 18, 2010

Debt can impact your ability to save money as you should. Consider using this method of debt relief.

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Saving the Economy: The Fed’s Next Moves

February 11, 2010

Read what the Fed has planned that will impact your debt relief and saving ability. Fed Chairman Bernanke was unable to speak to congress today, but did release a text of his testimony.

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New Rules Make Credit Card Debt Consolidation Easier

February 9, 2010

The Federal Reserve, the top banking regulator, has reined in what credit card companies can do, making getting out of debt a little easier.

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Mortgage Loan Modifications: It’s Time for Change

February 8, 2010

In ten months since its inception, the government’s Home Affordable Modification Program has modified approximately 5.6% of approximately 1.1 eligble mortgage loans. Critics believe that the “temporary” modification phase of the program is largely to blame.

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Feds Mortgage Modification Program Chellenged by Lack of Communication, Failure to Follow Guidelines

February 2, 2010

The federal government’s Home Affordable Modification Program (HAMP) is challenged by lenders failing to follow program guidelines, and lack of information available to consumer advocates.

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State Regulators: Foreclosure Crisis to Worsen without Additional Assistance

February 1, 2010

A panel of state financial regulators and attorneys general warn that foreclosure of mortgage loans will continue increasing if and mortgage lenders don’t reduce principle balances on mortgage loans in depressed housing markets.

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