Home Lender to Repay Minority Buyers
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The New York attorney general, Eliot Spitzer, said yesterday that the Countrywide Financial Corporation, a large mortgage lender, would adopt measures to prevent discriminatory pricing for minority borrowers.
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The rate consumers pay on a 30-year, $200,000 home loan will likely rise 0.2 of a percentage point - an extra $9,200 over the course of the loan - as the largest US buyer of mortgages slows growth to meet regulators&#39; request to boost capital, said Kevin
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With the housing market in decline, financial predators are finding yet another way to take advantage of people who fall behind on their payments.
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Not everyone has suffered from the current housing slump. Exceptions include entrepreneurs with deep experience in real estate and those who have carved out a special niche.
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Think before you fall for an attractive low payment on a longer-term loan.
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$150,000 mortgage for only $610/month. Lower your mortgage. Free quotes. Apply now - bad credit OK.
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Lenders will have to confirm that a borrower can afford a mortgage before making a loan under protections proposed by the Federal Reserve on Tuesday, following defaults and losses on U.S. subprime mortgages this year.
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The subprime mortgage mess has created a mixed blessing for potential homebuyers.
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The Patrick administration's top housing officials met with nine mortgage lenders in the first of a series of meetings seeking to remedy the state's foreclosure crisis. Kofi Jones, spokeswoman for the Executive Office of Housing and Economic Development, described the 90-minute meeting as a preliminary discussion of what the state and lenders can do to help "keep people in their ...
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Mortgage products aren't the problem. Borrowers are.
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Blacks and Latinos in the Boston area were denied mortgages at the highest rates since the early 1990s, when minority loan rejections sparked charges of racism in the city's lending industry.
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Mortgages are complicated, and lending markets are in flux right now, but savvy, well-positioned consumers can still get the loans they need to buy, build, or refinance a home. They just need to pay attention to what's going on, says David Reed, a lending veteran based in Texas and co-author of "Mortgage Confidential."
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Debt-ridden homeowners sell up to companies and rent their property back - but they can then face eviction.
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Freddie Mac is hoping YouTube can help prevent troubled borrowers from losing their homes, or at least help them preserve their equity.
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More lenders, more options, more solutions. America&#39;s Lending Partners can get you a great deal on home loans. Fill out one form and you&#39;ll get up to 4 great offers from prominent lenders nationwide.
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Global credit squeeze undermining private sector sale of mortgage lender
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More than a fifth of people who have come off fixed-rate mortgages have found it hard to meet their repayments.