Schumer Mortgage Plan
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Senator Charles E. Schumer proposed on Monday that two government-sponsored mortgage giants be allowed to increase their role in the home loan market.
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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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The Bush administration and six large mortgage lenders unveiled a plan yesterday to offer some homeowners facing foreclosure 30-day reprieves to work out alternatives.
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THE REGION The Massachusetts Senate is expected today to pass legislation aimed at preventing foreclosures and mortgage fraud. The bill encompasses several proposals made earlier by legislators and Governor Deval L. Patrick including: Making mortgage fraud a felony; establishing procedures to avoid deceptive mortgage loan advertising; adding requirements for lenders and borrowers, including in-person counseling; licensing mortgage originators; creating a ...
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The chairman of the banking committee of the Senate will on Wednesday afternoon unveil a comprehensive plan to reform mortgage lending, sources familiar with the plan said.
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- Mortgage lender Countrywide Financial Corp and housing advocacy group ACORN said they have reached an agreement to formalize workout programs to help borrowers with all types of subprime loans avoid foreclosure.
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Q. I need some advice on what to do with a $125,000 profit-sharing rollover. I haven't been able to come up with a very good investment plan. I am 60 years old and plan to work another two years, or five, if necessary. My home is worth $410,000, and I owe $160,000 on a 4 5/8 percent fixed-rate mortgage. I ...
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The Bush administration today will propose a set of policies meant to help ease the wave of mortgage defaults, according to senior administration officials. It is the administration's first broad effort to deal with the rising number of home foreclosures, which are widely forecast to increase in the...
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Colosso francese scende a 4,1% leder mutui immobiliari Usa
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Stocks rose on Friday on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help loosen credit conditions that have rattled financial markets.
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The US Federal Reserve is set to agree a range of measures giving mortgage holders more protection.
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The US Department of Housing and Urban Development has finalized a rule that will require the nation&#39;s two largest housing finance companies to increase their purchase of mortgages for low- and moderate-income families and underserved communities.
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The top Republican on the U.S. House  Financial Services Committee on Thursday introduced legislation  that would create a national registry and set new standards for  mortgage originators in response to the subprime mortgage  crisis.
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The Federal Reserve unveiled a proposal, expected to be endorsed later Tuesday, that would give people taking out home mortgages new protections against shady lending practices.
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WASHINGTON, Sept. 18  â The House approved a plan on Tuesday to expand federal backing of mortgages in hopes of helping struggling homeowners avoid foreclosure.
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