Vote: Will the mortgage relief deal help housing market?
When you buy a car and then don't make the payments – they repossess. When you charge on your credit card and don't pay the bill – they garnish your wages. When you buy a house and don't make the payments – they foreclose – period!
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White House courts support for mortgage pact
The deal, expected to be announced as soon as this week, seeks to provide an estimated $ 25bn of aid to distressed borrowers in the form of reduced loan balances, lower monthly payments and cash in exchange for state and federal regulators releasing the …
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Mortgage Abuse Settlement With Giant Banks Means Nearly 0M For Connecticut
Home loans that are held by mortgage giants Fannie Mae and Freddie Mac, which represent about 50 percent of US mortgages, aren't included. But the set of new rules that is also part of the settlement provides the first framework for governing how …
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