Only Forceful Action Can Change Foreclosure Crisis Tide

The Washington Independent

Or borrowers may have to pay such high fees or rates that it won't make the refinancing worthwhile. In places like California and Florida , some homeowners ...

[ foreclosure relief ] Foreclosure Relief: Adjust More Mortgages The Ledger



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Phenix City lender John Gill fails to report to Florida jail

Columbus Ledger-Enquirer

Borrowers would then have to return every two weeks and make a $100 payment. If someone canceled the contract, he would have to pay a penalty fee, ...



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Bids open for New Frontier Bank loans

Denver Post

Nineteen percent of the $750 million in loans up for bid were made to Texas borrowers and 9 percent to Florida borrowers , according to the sale document. ...

Bankruptcies low in states that don't seize wages

The Associated Press

Florida prohibits garnishing wages from the head of a household. The nationwide bankruptcy rate is 42 percent higher than the rate in those five states. ...



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State task force: Confusion, mistrust lead to unneeded foreclosures

Sarasota Herald-Tribune

Residential property owners want to work something out with their lender, and lenders are increasingly reaching out to borrowers with new types of rescue ...

Conciliation Project Announced In Louisville Mortgageorb

Lack of knowledge adds to foreclosure woes Sarasota Herald-Tribune



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Georgia ranks 7th in new foreclosures

Atlanta Journal Constitution

April was the second straight month with more than 3000 households receiving a foreclosure filing, as the number of borrowers with mortgage troubles ...



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Expert Group, Inc. Implements New FHA Condo Lending in South Florida

SYS-CON Media (press release)

Condo buyers also are finding FHA loans may be more affordable, particularly for borrowers with lower credit scores or smaller down payments. ...



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Last to laugh, the first to cry

Brisbane Times

He warns the crash is far from over, with more mortgage failures as unemployment rises and borrowers fall foul of mortgage traps such as option-pay, ...



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Potential homebuyers still wary

Baltimore Sun

... Barack Obama's plan to alleviate the foreclosure crisis by giving the lending industry $50 billion in incentives to lower borrowers ' monthly payments. ...



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Expert Group, Inc. Corporate Structure and Corporate Updates

PR-CANADA.net (press release)

Expert financing offers up-to-date loan programs tailored to all borrowers ' needs, specializing in Fannie Mae, Freddie Mac, FHA, conventional and ...

S&P Boosts Loss Estimates Again On Subprime, Alt-A RMBS

NASDAQ

Such Alt-A mortgages, the types of which include interest-only ones, were generally given out to borrowers who didn't have to document assets and/or income. ...

The Ghost of Housing Past Contrarian Profits



all 16 news articles »

More toxic loans could haunt US banks

Forbes

Borrowers pay only interest for the first five or 10 years until the loans mature, and then the entire amount must be paid back. In the boom years, ...



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Lost jobs forcing more out of homes

USA Today

President Obama in March said his administration would spend up to $75 billion to help borrowers struggling with expensive mortgages or debts that exceed ...



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New Frontier Bank's Ag Loans Up for Sale

istockAnalyst.com (press release)

It's reach into Texas and Florida were likely dairy loans, as well. When the federal government shut down New Frontier Bank on April 10, more than $107 ...



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ValueNation: The mortgage crisis and the case of no collateral

National Mortgage Professional Magazine

Borrowers paying $5000 for homes suddenly found themselves paying for $4000 mortgages, when their property was only worth $3000. To put it simply, ...

Herald staff wins Loeb prize

MiamiHerald.com

... the state's failure to police Florida's troubled mortgage industry. The reporters received the Gerald Loeb Award for their series, Borrowers Betrayed, ...

Seacoast seeking to raise cash as TARP repayment suspended

Vero Beach Press-Journal (subscription)

The $700 billion federal Treasury program was designed to spur the economy by pumping cash into banks that would lend the cash to borrowers . ...



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Weekly Remarks: McConnell on health reforms, Obama wants a new ...

Los Angeles Times

$3.4 million to build a 13-foot long turtle tunnel at a lake in Florida that's more than a quarter of a million dollars per foot for turtles. ...



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Report: Nuclear renaissance is hype

Brattleboro Reformer

Studies conducted in Connecticut, Georgia, Florida and South Carolina concluded that new reactors are the lowest cost option for new electric generation, ...



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Merced: Ghost Town, USA (BusinessWeek Online)

ABCmoney.co.uk

Even so-called prime borrowers , who had good credit when they got their loans, now are having trouble keeping up; about 5% of these loans are in foreclosure ...



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