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FEATURED

  • mod-app

    LOSS MITIGATION

    Freddie Mac Reaches Out to Borrowers Facing Higher Payments Due to HAMP Resets

    Author: Brian Honea

    Approximately 511,000 borrowers who received HAMP mods in 2010 are due to reset in 2015 and face the prospect of increased interest rates, commonly known as "step-ups." Treasury and the GSEs are reaching...

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  • Foreclosure, REO, News, Webcast
  • government-rights

    GOVERNMENT

    House Committee Approves Bills to Provide Regulatory Relief for Banks

    Author: Samantha Guzman

    Hensarling noted the 11 bills passed by the Committee had bipartisan support and had previously been approved by either the Financial Services Committee or the House of Representatives during the 113th...

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  • money-deteriorating

    LOSS MITIGATION

    Wells Fargo to Close Servicing Site, Lay Off 1,000 Employees

    Author: Brian Honea

    Wells Fargo cited the improving economy in the last two years along with steady declines in delinquencies and fewer borrowers in need of mitigation options to avoid foreclosure as contributing factors...

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  • Money

    MARKET STUDIES

    Latest Real Wage Growth Could Spell Good News for Housing

    Author: Brian Honea

    In the real earnings report for February 2015, the BLS reported that real average hourly earnings – hourly earnings adjusted for inflation – increased by 22 cents year-over-year from $10.32 to $10.54...

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