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Mortgage Rate Drop Below 5% Stirs Demand March3, 2010, CNBC U.S mortgage rates retreated below 5 percent last week, propping demand for home loans after purchase applications sank to a nearly 13-year low the prior week, Mortgage Bankers Association data…(read more)

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1. Search any county, city or zip code nationwide. 2. Click the Modify Your Search option. 3. Select “Auction Date” in the Sort & Display dropdown. 4. Enter a date range starting today or in the future (make sure to enter the correct year…(read more)

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Source: feeds.foreclosurepulse.com

Get a mulligan after foreclosure?
Get a ‘mulligan’ after foreclosure? Feb. 1, 2010 — OC Register What do you think of Christopher Thornberg’s “mulligan rule?” The California economist brought it up Saturday at a foreclosure summit in Anaheim hosted…(read more)

Source: feeds.foreclosurepulse.com

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Source: www.foreclosurepulse.com

Housing Market Teeters Between Recovery, Relapse
Housing Market Teeters Between Recovery, Relapse The Washington Post The battered housing market appears to be on the mend, with sales climbing nationally and prices leveling off, even rising in some spots. But swelling unemployment and the related delinquencies…(read more)
Source: www.foreclosurepulse.com

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Mortgage Insurers Tackle Foreclosures DSnews As unemployment and home foreclosures continue to rise and threaten the economic recovery, the mortgage insurance industry is stepping up its ongoing efforts to keep families in their homes. According to a…(read more) foreclosure

A report by the State Foreclosure Prevention Working Group of the Conference of State Bank Supervisors indicated that about 80 percent of troubled borrowers were not availing of loan modification programs being offered through lenders to stem the tide of distressed properties on lists of bank foreclosures. This prompted the state … short sale foreclosure

Mortgage Firms Prodded to Modify More Loans Wall Street Journal The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program, the latest sign of frustration with the…(read more) short sale foreclosure

Frank proposes home loan plan for jobless Boston Globe Congressman Barney Frank wants to prevent unemployed homeowners from losing their houses by giving them government money to pay their mortgages. The Newton Democrat, chairman of the House Financial…(read more) short sale foreclosure