Posted on: Wednesday, March 10, 2010

New Short Sale Program

New Short Sale Program
By Paul M. J. Suchecki
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As of April 5th, the Obama Administration is adding a new Home Affordable Foreclosure Alternatives, HAFA, to its efforts to allow borrowers to avoid foreclosure through short sales or a deed-in-lieu of foreclosure option.

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Posted on: Monday, March 8, 2010

Second Mortgage Push

Second Mortgage Push

Congressman Barney Frank, the chairman of the House Financial Services Committee, sent a letter last week to the to chief executive officers of Bank of America, Citigroup, J.P. Morgan Chase and Wells Fargo, the four biggest US banks urging them in “the strongest possible terms to take immediate steps to write down these second mortgages.”

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Posted on: Friday, March 5, 2010

Spring Recovery?

Spring Recovery?

Today the Bureau of Labor Statistics announced that in February the economy lost 36,000 jobs, an increase of 10,000 compared to January, yet the nation’s unemployment rate stayed steady at 9.7%

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Posted on: Wednesday, March 3, 2010

Mortgage Applications Rise

Mortgage Applications Rise

Mortgage applications rebounded last week, particularly refis. Purchase activity remains subdued,

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