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IMPORTANT: Bing News RSS feed has moved!Many companies that collect mortgage payments hire outside firms to train employees and develop scripts for them to use when talking to borrowers. But Ocwen Financial Corp., which specializes in risky loans, has its own team of social psychologists. Read moreThinking Deeply On Risky LendingA credit-tracking firm predicts mortgage delinquencies will fall more sharply in Arizona next year than in any other state. Credit bureau TransUnion expects the proportion of past-due Arizona home loans will drop nearly in half by the end of ... Read moreLate Ariz. mortgage loans may fall in '12CHICAGO, IL — TransUnion released its annual forecasts today on consumer credit, which indicate that national mortgage loan delinquencies (the ratio of borrowers 60 or more days past due) will decline to about 5% by the end of 2012 from just ... Read moreTransUnion Forecasts Mortgage Delinquencies to Rise, and Then Fall in 2012; Credit Card Delinquencies to Remain SteadyThe share of delinquent commercial mortgages that were bundled together and sold as securities declined modestly during the third quarter for the first time since the property downturn began four years ago, according to a survey released Tuesday ... Read moreShare of Delinquent Commercial Mortgage-Backed Loans DeclinesWASHINGTON — 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 ... Read moreFederal mortgage complaint window now openThe U.S. Dept of Housing and Urban Development (HUD) recently released Mortgagee Letter 2011-39, which states that the current FHA lending limit of $625,500 for Home Equity Conversion Mortgages (HECMs or reverse mortgages) will continue through Dec. 31 ... Read moreCalifornia Mortgage Advisor Sue Drawdy Highlights FHA’s Extension of HECM Loan LimitsDec 2 (Reuters) - GMAC Mortgage, the mortgage arm of Ally Financial Inc, said on Friday it will stop buying new mortgage loans in Massachusetts that were made by other correspondent lenders and wholesale brokers. GMAC said it will honor all ... Read moreUPDATE 5-GMAC to stop some mortgage loans in MassachusettsA year ago, the 15-year loan averaged 3.96%, Freddie Mac said. The big government-backed mortgage buyer asks lenders what rates they are offering to borrowers with good credit and 20% down payments or 20% equity if they are refinancing. Read moreWith mortgages at 4%, demand for home-purchase loans risesRead moreFor additional information, please see:
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