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Mortgage underwriting rules eased for seniors with assets
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...Tags: Economy, Business and Finance, The Washington Post, Finance, Retirement, Fannie Mae
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Freddie Mac: Mortgage rates higher, 30-year fixed averages 3.59%
Mortgage rates have risen for the third week in a row, with Freddie Mac's survey of lenders pegging the average 30-year fixed-rate home loan at 3.59%, up from 3.51% last week. Fixed-rate 15-year mortgages -- popular during a recent boom in homeowners...Tags: Freddie Mac, Federal Reserve, Real Estate Sales, Labor Markets, Ben Bernanke
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Mortgage rates continue upward trend
Tribune reporterMortgage rates moved up again this week and the average interest rate for a 30-year, fixed rate mortgage is now a quarter percentage point higher than it was three weeks ago. This week's average interest rate on that mortgage product was 3.59 percent,...Tags: Economy, Business and Finance, Freddie Mac, Money and Monetary Policy, Finance
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Better Chicago housing market getting sellers off the fence
Forty percent fewer homes were available for sale in the nine-county Chicago area in April than a year ago, leading to higher sales prices. That, in turn, is prompting more homeowners to slap fresh paint on their walls and list their homes for sale....
Tags: Economy, Business and Finance, Marketing, Oak Brook, Gurnee, Ben Bernanke
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DNA evidence in model's death 'overwhelming,' prosecutor says
A Los Angeles prosecutor told jurors Wednesday that there was overwhelming DNA and other evidence to show that a mortgage broker assaulted and strangled an aspiring model in Santa Monica. Genetic testing proved that Kelly Soo Park's DNA was found on the...Tags: Prosecution, Biotechnology Industry, Chemical Industry, Lawyers, Crime, Law and Justice
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$1.3 billion in consumer relief so far for Marylanders from mortgage settlement
The Baltimore SunMarylanders received more than $1.3 billion in relief from the National Mortgage Settlement during a 12-month period, Attorney General Douglas F. Gansler announced Tuesday. That assistance went to nearly 17,000 mortgage borrowers between March 1, 2012...Tags: Economy, Business and Finance, Citigroup Incorporated, Douglas F. Gansler, Bank of America Corp., Finance
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Chicago-area home sales, prices improve in April
Tribune staff reporterMore than 9,000 previously owned homes were sold in the Chicago area in April, another strong month for sales volume that was met by more pricing recovery. The Illinois Association of Realtors reported Wednesday that 9,152 single-family homes and...Tags: Real Estate Sales, Services and Shopping, Inventories, Chicago Mortgages, Condos
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BofA, JPMorgan say they have fulfilled mortgage settlement terms
Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials. Another bank that signed the settlement, Wells Fargo &...Tags: Economy, Business and Finance, Investments, Consumers, JPMorgan Chase & Co., Financial and Business Services
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Wealth lost in Orlando's foreclosure crisis: $720 million
Orlando has lost an estimated $720 million in wealth since the peak of the real estate market, particularly among low-income families, as a result of the area's wave of foreclosures, a national housing nonprofit reported Tuesday. The findings by the...
Tags: Rick Scott, Services and Shopping, Financial and Business Services, Real Estate
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Mortgage settlement brings relief to 25K in Illinois
Tribune reporterMore than 25,000 Illinois residents have received approximately $1.8 billion from the landmark national mortgage settlement, but servicer compliance with the pact remains an issue for several companies, according to a report from the settlement's...Tags: Consumers, Financial and Business Services, Citigroup Incorporated, Bank of America Corp.
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Floridians get so far more than $8.6B from mortgage settlement
Sun SentinelThe historic settlement involving the nation's five largest mortgage lenders has so far helped nearly 112,000 struggling Florida homeowners for an average $77,341 in relief, according to a new report released Tuesday. The relief so far totals more...Tags: Pam Bondi, JPMorgan Chase & Co., Banking, Bank of America Corp., Human Interest
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Grant to help neighborhoods hit by foreclosure, subprime lending
cj.lovelace@herald-mail.comWashington County has been awarded a $715,000 state grant for housing counseling, foreclosure prevention and other housing programs, a county official told the Board of Commissioners on Tuesday. Jim Hovis, director of the county’s Office of...Tags: Financial and Business Services, Hagerstown (Washington, Maryland), Douglas F. Gansler, Interior Policy, Housing and Urban Planning
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Chicago Tribune
May 23, 2013
|Story| Chicago Tribune
May 22, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Baltimore Sun
May 22, 2013
|Story| Chicago Tribune
May 22, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| Orlando Sentinel
May 21, 2013
|Story| Chicago Tribune
May 21, 2013
|Story| South Florida Sun-Sentinel
May 21, 2013
|Story| Herald Mail
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