Archive for April, 2009

New mortgage relief program would apply to second mortgages (Austin American-Statesman)

Thursday, April 30th, 2009

The Obama administration said Tuesday that it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to lower borrowers’ bills on second mortgages.

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British house prices fall 0.4 percent in April (AP via Yahoo! Finance)

Thursday, April 30th, 2009

House prices in Britain in April gave up some of the unexpected gains made in March, one of the country’s biggest mortgage lenders said Thursday.

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First Titus bill offers housing help (Las Vegas Review-Journal)

Thursday, April 30th, 2009

WASHINGTON — Rep. Dina Titus’ first bill in Congress requires mortgage lenders to notify homeowners they may qualify for federal help to avoid foreclosures.

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Foreclosure Prevention Plan Expanded to 2nd Mortgages (Washington Post)

Thursday, April 30th, 2009

The Obama administration unveiled an expansion of its $75 billion foreclosure prevention plan yesterday, providing new subsidies to mortgage lenders and investors.

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YOUR WALLET: Obama expands aid for 2nd mortgages (Chicago Sun-Times)

Wednesday, April 29th, 2009

The Obama administration said Tuesday it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to lower borrowers’ bills on second mortgages. The initiative, funded out of $50 billion in financial rescue money, would give mortgage companies $500 upfront for each modified loan, plus $250 a year for three years if the borrower doesn’t default. Borrowers would …

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Obama Administration Expands Housing Aid Plan (WCPO Cincinnati)

Wednesday, April 29th, 2009

The Obama administration said it will offering mortgage lenders incentives to lower borrowers’ bills on second mortgages.

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Green shoots in housing market not start of ’sustained pick up’ says CML (Daily Telegraph)

Wednesday, April 29th, 2009

The emergence of ‘green shoots’ in the housing market is not the start of a “sustained pick up” according to the Council of Mortgage Lenders.

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Obama administration expands housing aid plan (AP via Yahoo! News)

Wednesday, April 29th, 2009

The Obama administration said Tuesday it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to lower borrowers’ bills on second mortgages.

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Obama Administration Expands Housing Aid Plan (Fox News)

Wednesday, April 29th, 2009

The Obama administration plans to offer mortgage lenders incentives to lower borrowers’ bills on second mortgages.

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Obama Expands Housing Aid Plan (BusinessWeek)

Wednesday, April 29th, 2009

The Obama Administration said on Apr. 28 it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to lower borrowers’ bills on second mortgages.

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