According to the Primary Mortgage Market Survey released by Freddie Mac weekly the current average interest rate on a 30-year fixed-rate mortgage is 4.85% at the cost of .7 for the week ending with March 26th.
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Bank of America Securities mortgage-bond strategists estimate that mortgage loan originations could double to $3.1 trillion this year.
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Bill McCollum’s, the Florida Attorney General, office is suing four South Florida loan modification companies for allegedly charging homeowners upfront fees to provide foreclosure prevention services.
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Currently one of the largest problems that President Obama faces is how to solve the problem with toxic assets.
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Bill McCollum, the Florida Attorney General, filed suit yesterday against Lincoln Lending Services LLC, a loan modification and foreclosure-rescue business, and its owner, Rita Gomez.
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The Federal Trade Commission convinced a U.S. district court today to order two companies to stop advertising as if they are part of the government Hope Now Alliance.
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Ben Bernanke, the Federal Reserve Chairman, told congress today that he asked to sue AIG to prevent them from paying out the large bonuses, but was advised against it.
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According to Freddie Mac’s Primary Mortgage Market Survey, a weekly report released by Freddie Mac that surveys average mortgage interest rates, the average 30-year fixed-rate mortgage dropped to 4.98% this week.
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Yesterday the Obama administration launched a new website that is designed to help troubled homeowners see if they qualify for relief under the new loan modification or refinancing programs.
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Today JPMorgan Chase announced that they have opened a loan modification center in downtown Stockton.
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