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ForeclosureS.com: Housing Markets Will Roar Back in 2009

The nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery, according to the 2009 Outlook from California-based ForeclosureS.

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Acqura Launches E-Modifications

Vantium Capital Inc., a private equity fund that invests in undervalued mortgage assets, announced today that its specialty servicing unit, Acqura Loan Services, has begun offering electronic loan modifications, or e-mods, to delinquent borrowers in an effort to improve and accelerate borrower acceptance and reduce loan modification timelines.

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Fed Cuts Key Interest Rate to Historic Low

The Federal Reserve yesterday slashed its benchmark federal funds rate – the overnight rate at which banks lend to each other – from 1 percent to a target range of 0 percent to 0.25 percent, the lowest rate on record.

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Fiserv Enhancements Support GSEs' New Loan Mod Program

Brookfield, Wisconsin-based Fiserv Inc., a provider of information technology services to the financial industry, today announced enhanced capabilities to its Home Retention Solutions offering – a system that helps financial institutions proactively identify and contact troubled borrowers with customized repayment solutions to try to keep them out of foreclosure.

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Fed Buys Mortgage-Backed Securities From AIG

The faltering American Insurance Group Inc. (AIG) said earlier this week that it has sold its portfolio of residential mortgage-backed securities (RMBS) to a new financing entity backed by the Federal Reserve Bank of New York, which was created in early October as part of the federal government’s bailout of the giant insurer.

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