Realty World Selzer Realty

Consumer bureau targets predatory lending

Katie Stout — Thu, 17 May 2012 21:31:00 +0000

The Consumer Financial Protection Bureau said Wednesday that it is considering a new set of rules that will focus on mortgage points and fees, the current complexity of which can make it difficult for home buyers to assess different loan offers.
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44761 Harmon Drive, Laytonville

Patty McMillen — Thu, 17 May 2012 17:56:00 +0000

Click here to watch: Harmon Drive Virtual Tour

Mortgage-aid revisions paying off for lenders and some borrowers

Katie Stout — Wed, 16 May 2012 21:30:00 +0000

Changes to streamline the Home Affordable Refinance Program are helping some underwater homeowners get lower-interest loans. Those still-above-market rates, meanwhile, are boosting banks’ profits.
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Freddie Mac to eliminate fee on deeply underwater loan refis

Katie Stout — Tue, 15 May 2012 21:29:00 +0000

In the latest bid to help homeowners hit by the housing crash, Freddie Mac is set to drop a fee associated with refinancing deeply underwater loans..
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BofA begins contacting distressed homeowners about principal cuts

Katie Stout — Mon, 14 May 2012 21:28:00 +0000

As part of a foreclosure-abuse settlement, Bank of America has started notifying about 200,000 borrowers that they may qualify for reductions of as much as $100,000 on their mortgage balances.
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