mortgage Lenders

A report last week from the Mortgage Bankers Association found that 14 percent of homeowners with mortgages were either behind on payments or in foreclosure at the end of September, a record level for the ninth straight quarter.

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Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help borrowers at risk of losing their homes. Treasury Department… Foreclosure - United States Department of the Treasury - Presidency of Barack Obama - Business - Real estate

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SALEM — Oregon lawmakers are considering whether to set new rules for appraisal management companies — a growing but unregulated sector in the real estate industry.Known as AMCs, these companies act as middlemen, taking money and appraisal orders from mortgage lenders and then hiring appraisers.

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Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year’s end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting …

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A quick read on business news for Nov. 30, 2009

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Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. That’s the incendiary core message of a new academic paper by Brent T. White, a University of Arizona law school professor.

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Consumers win with federal rules that require mortgage lenders to spell out all fees and penalize those who lie. The rules go into effect in January. Anyone who has purchased or refinanced a few homes has probably learned to dread the closing statement, which all too often included a pile of new or inflated fees that your lender had never before mentioned.

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For property owners and real estate investors in Dubai the unfolding debt crisis in the emirate has offered yet more unwelcome news.

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Go ahead - break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it and don’t think…

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Some homeowners in the unincorporated part of the county discovered their houses didn’t have development permits and that the county has little regulative authority.

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