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Tag Archives: mortgages

Some states saw spike in foreclosures in February

LOS ANGELES — Foreclosure activity surged last month across about half of the nation’s states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays stemming from foreclosure-abuse claims. The ...

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Late payments on mortgages rise again in 4Q

NEW YORK — Late payments on mortgages ticked up in the last three months of 2011, the second straight quarter-to-quarter increase after nearly two years of steady decline. Credit reporting agency TransUnion said 6.01 percent of mortgage holders were behind ...

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New-home purchases fall, 2011 worst ever for sales

WASHINGTON — Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month ...

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SEC charges ex-Fannie, Freddie CEOs with fraud

WASHINGTON — The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the ...

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Realities of Real Estate: I think I’ll wait until spring

Just about any real estate agent will tell you that for almost four years now, buyers and sellers have had one trait in common — procrastination. Although the desire to delay is frustrating for agents, the trepidation of buyers and ...

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Robert Nusgart: Fannie, Freddie tweaks don’t go far enough

In the midst of another mini-refinance boom (thanks to the Greek government — again), Fannie Mae and Freddie Mac have announced that they have extended their Home Affordable Refinance Program through the end of 2013. Those good souls at the ...

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Robert Nusgart: Equity line help would lift housing market

The Federal Reserve spoke. The markets listened. And mortgage rates took another nosedive. Yes, mortgage rates have moved to another low point after the Fed on Wednesday basically said that the tough economic times are going to stick around for ...

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