Monthly Archives: March 2012

121K Homeowners Request Independent Foreclosure Reviews

I mentioned in my January 18, 2012 blogpost that homeowners who had a mortgage loan on a primary residence and who believe were financially harmed during the mortgage foreclosure process by GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, or EMC … Continue reading

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The Shortcomings of the $25-Billion Foreclosure Settlement

There is a very good article in the Los Angeles Times on Wednesday, March 7, 2012, by Michael Hiltzik following-up on the $25-billion foreclosure settlement. Nearly one month after Washington unveiled the deal on Feb. 9, the specific terms of … Continue reading

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Hidden Guarantee Fee Set To Rise

According to an article written by Vickie Elmer and published on March 1, 2012 in the New York Times, the hidden guarantee fee of your home mortgage will rise in spring, and other increases will likely take place later this … Continue reading

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Help for Homeowners Community Events

Making Home Affordable (MHA) is an important part of the Obama Administration’s comprehensive plan to stabilize the U.S. housing market by helping struggling homeowners to get mortgage relief and avoid foreclosure.  MHA is an official program of the Departments of … Continue reading

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Mortgage Points Losing Favor

Paying points allows a borrower to “buy down” the interest rate on a mortgage by paying  an upfront fee.   Since interest rates are at or near record lows, many borrowers see no reason to pay points when buying or refinancing … Continue reading

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