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Last week, a federal judge granted Washington's request for a temporary restraining order preventing a mortgage servicer, Ocwen Loan Servicing, from foreclosing on her home in Los Angeles. Washington and her Alzheimer's-afflicted son ...

Score One for a 96-Year-Old Victim of the Mortgage Predators

WASHINGTON (Reuters) - U.S. regulators may revisit ... offering an option that would only require a 10 percent down payment if the loan is backed by private mortgage insurance to protect lenders from default. The critics, which include small ...

Regulators may rework mortgage plan: sources

WASHINGTON, Dec. 8 (UPI) -- Long-term mortgage rates dropped slightly in the week ended Wednesday, the U.S. Federal Home Loan Mortgage Corp. said. Freddie Mac said the average interest rate for 30-year, fixed-rate loans dropped from 4 percent to ...

Mortgage rates drop slightly

There is broad agreement in Washington that the federal government should eventually have a smaller footprint in the mortgage market, but the question is how fast it can pull back without hurting the housing market. The loan limits were ...

Higher Loan Limits, Again, for Pricey Markets

FORT WASHINGTON, Pa., Dec. 2, 2011 /PRNewswire/ -- GMAC Mortgage, the mortgage origination and servicing operation of Ally Financial Inc., today announced that it will cease purchasing new mortgage loans in the Commonwealth of Massachusetts that are ...

GMAC Mortgage Ceases Certain Mortgage Loan Production in Massachusetts

WASHINGTON — The average rate on the 30 ... The average fees on the five-year and one-year adjustable loans were unchanged from 0.6. To calculate average mortgage rates, Freddie Mac surveys lenders across the country Monday through Wednesday ...

Mortgage rates stay near record low

chief economist of mortgage-financier Fannie Mae, said in a telephone interview from Washington. Outstanding home-loan volume may drop “for at least another couple of years,” he said. “Consumers are still leveraged well above average ...

U.S. Mortgage Debt Falls to Five-Year Low as Wealth Effect Fades

WASHINGTON — Got a beef with your mortgage lender? Is your bank unresponsive when you complain that your escrow account is fouled up and making your monthly payments needlessly high? Did your loan officer bait-and-switch you into a more costly home loan ...

The feds' mortgage-complaint window is now open

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