Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1, that will allow short sales for underwater borrowers who have never missed a mortgage payment.
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A new report finds that about 60 percent of 252 markets recently analyzed have already “hit bottom” and are on their way up. Find out which markets are expected to rebound the most in the next year.
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Home prices are inching up, record low mortgage rates are creating more buyer urgency, and foreclosures are falling. But despite the glowing reports, economists are still questioning whether the housing recovery will last.
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Starting this week, Fannie Mae is allowing electronic signatures on offer documents for its HomePath REO properties.
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The Consumer Financial Protection Bureau announced that it will now assist consumers in resolving any problems with their credit reports.
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Economists from the Mortgage Bankers Association sounded an optimistic note at a press conference during the organization’s Conference & Expo.
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