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Are Liar Loans Going to Get Principal Reductions?American Banker (subscription)The announcement by Bank of America (BAC) of their plan to offer up to 200000 struggling homeowners a new lease on life for their underwater mortgage through principal reduction at first glance seems like a major step forward in addressing a nearly ...and more » |
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Spring Mortgage Market Update (2012)Move SmartlyMr Carney has long stated his belief that this approach would over-tax our still-vulnerable economy and that increased regulation of the mortgage market by the federal government is instead a better and more targeted response.and more » |
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HARP 3 : Early Rumblings On A HARP 2.0 SuccessorThe Mortgage Reports (blog)Alt-A mortgages were primarily used for people with two of the three pillars of a strong conforming mortgage approval : (1) Income, (2) Credit, and (3) Assets. Alt-A loans included stated income products, stated asset products, stated income/stated ...and more » |
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Jumbo Mortgages Offer Low Rates, Strict TermsFox BusinessThey are middle-income families and even first-time homebuyers. But if you need a jumbo mortgage, don't get discouraged -- unless you have bad credit. "Though the barrier of entry for any loan has been raised from the 'stated-income' days, ...and more » |
December 4, 2008
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