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MERS Program Addresses Federal Mortgage Transparency Regulation

Reston, Virginia-based MERSCORP, Inc. (MERS) unveiled a new program on Tuesday that informs borrowers of ownership changes regarding their mortgage. The company says its program supports new federal legislation, which is designed to help homeowners keep their homes by bringing greater transparency and accountability to the mortgage lending process.

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Nationstar Signs Federal Mod Contract

Movers & Shakers, people

Nationstar Mortgage LLC, headquartered in Dallas, Texas, has joined the list of mortgage companies officially under contract to provide federal loan modifications through the government’s Home Affordable Modification program.

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Ten Big Banks Allowed to Repay Bailout

Regulators have given 10 major financial institutions the green light to start repaying billions of dollars in federal bailout money. These banks were deemed by their regulatory supervisors on Tuesday to be strong enough to withdraw from what was formerly the Troubled Asset Relief Program (TARP) but was renamed the Capital Purchase Program (CPP) under the Obama administration.

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Lenders One Members Gather On The Hill

Lenders One Mortgage Cooperative recently sponsored the Third Annual Lenders One Legislative Summit in Washington, D.C., to give its mortgage banker members an audience with federal housing agencies and lawmakers.

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Freddie Mac Loosens Refinance Rules

Freddie Mac announced on Friday that it is instituting several changes to its refinance offering under the Obama administration’s Making Home Affordable program. The McLean, Virginia-based GSE explained that the new relaxed guidelines will make the refinancing option available to a wider scope of borrowers looking for mortgage relief from the government program.

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Foreclosures Lead to Greater Price Cuts

Nearly a quarter of homes currently for sale in the United States have experienced at least one price cut, according to a report released Friday by Trulia, Inc., a San Francisco-based real estate company that tracks home prices in local communities across the country.

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Realtors Turn to SAS Analytics for Housing, Foreclosure Data

The National Association of Realtors (NAR) says it wants to provide its membership with the best possible information about the U.S. housing market. To help achieve this goal, the NAR research department recently implemented SAS Visual Data Discovery to supply members with updated foreclosure and other housing market information.

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