According to a study from the Boston Federal Reserve unemployment is the main reason for missed mortgage payments over high interest rates.
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RealtyTrac Inc, an online foreclosure and research company, announced today that foreclosure filings in the US rose 30% in February when compared to the same time last year.
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Two dozen people marched outside a Manhattan convention center on Sunday where Real Estate Disposition Corp was auctioning off several hundred foreclosed homes.
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Bank of America announced today that they would be extending their moratorium on foreclosures until the details of President Obama’s Homeowner Affordability and Stability Plan have been released.
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Barrack Obama’s administration developed a braud outline of a plan to help fix the drastically increasing rate of foreclosures by creating incentives for borrowers and lenders to agree to modify mortgages that have fallen behind.
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Homeowners that have been having trouble paying their mortgage maybe finally be getting some genuine relief.
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Randall Kroszner spoke today at the Global Association of Risk Management Professional’s annual risk convention in New York.
A national home price gauge released today showed that prices of existing single-family homes recorded their biggest annual drop in October.
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President Bush announced today that he signed into law a bill that will waive taxes for many homeowners that must restructure their mortgages as they face foreclosure.
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Today the House passed on a legislation that will help homeowners that have to restructure their mortgages to avoid foreclosure.
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