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Wichitans charged with mortgage fraud
KWCH 12 Eyewitness NewsSeven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleged the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders. Victims of the fraud...Tags: Prosecution, Fannie Mae, Federal Deposit Insurance Corporation, Banking, U.S. Department of Housing and Urban Development
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Seven charged in Allentown mortgage fraud
The managers of an Allentown mortgage company told employees to forge pay stubs, employment histories and other documents to secure loans for borrowers to buy real estate that in many cases they could not afford, federal authorities allege. As a result,...Tags: Whitehall, Loans, Real Estate, Real Estate Buyers, Allentown
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Lifestyle is keeping budget goal out of reach
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...Tags: Pension and Welfare, Politics, Economy, Business and Finance, Mortgages, AAA
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Mortgage rates fall for 4th straight week; 15-year at record low
U.S. mortgage rates fell for a fourth consecutive week and the average rate for a 15-year loan hit a new record low, the latest survey of lenders shows. The average rate on a 30-year fixed-rate mortgage was 3.40%, down from 3.41% last week, according to...
Tags: Real Estate, Homes, Freddie Mac, Mortgages, Financial and Business Services
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Is tenant's guest entitled to keep service animal in unit?
Question: I manage a 12-unit apartment complex with a strict no-pets policy. We understand that under federal and state fair housing law, we may need to make an exception to our no-pet policy for a disabled resident who requires a service animal as a...Tags: Rentals
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Fee-laden FHA mortgages cost more than privately insured loans
The lending landscape shifted measurably this month when the standard-bearer for first-time buyers and low-to-moderate income borrowers became more expensive than its private business counterpart. On April 1, fees for low-down-payment mortgages...Tags: Prices, Financial Markets, Economy, Business and Finance, Insurance, Financial and Business Services
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Emergency Mortgage Assistance
Connecticut’s Emergency Mortgage Assistance Program (EMAP) can help homeowners facing foreclosure. It offers loans to help homeowners who have fallen behind or anticipate falling behind on their mortgage payments due to temporary financial...Tags: Economy, Business and Finance, Foreclosures, Financial and Business Services, Mortgages, Finance
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FHA may need $943-million bailout
WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...
Tags: Washington, DC, Real Estate, Shaun Donovan, Economy, Business and Finance, Financial and Business Services
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Freddie Mac: 30-year mortgage at 3.43%, lowest since January
Mortgage rates are at their lowest level since January, the widely watched Freddie Mac survey shows, with the average for a 30-year fixed-rate loan dropping to 3.43% this week from 3.54% a week ago. The survey of rates lenders are offering to solid...Tags: Federal Reserve, Economy, Business and Finance, Freddie Mac, Mortgages, Financial and Business Services
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Hispanic homebuyers a driving force in housing
First-time buyers make the housing wheel go 'round: As they segue from renting to owning, they set off the sequence of move-up purchases that, in theory, will help the overall market get well. These days, Hispanic consumers seem to be pushing that wheel...
Tags: Inventories, Real Estate, Condos and Houses, Rentals, Economy, Business and Finance
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Obama budget projects $943-million bailout for key housing agency
WASHINGTON -- The Obama administration's proposed budget projects the Federal Housing Administration will need a $943-million bailout this year to stabilize its shaky long-term finances. The agency, whose mortgage insurance business increased...
Tags: Washington, DC, Fannie Mae, American Enterprise Institute, Budgets and Budgeting, Economy, Business and Finance
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Buying foreclosures requires patience, and a little more money
It's still possible to buy a foreclosure and make it the home of your dreams. It's just harder these days. Investors, both individuals and national corporations, are rushing into the market with the intent of turning foreclosed properties into cash-...
Tags: Property, Fannie Mae, Real Estate Sellers, Real Estate, Rentals
May 2, 2013
|Story| KWCH
May 1, 2013
|Story| Allentown Morning Call
Apr 26, 2013
|Column| Los Angeles Times
Apr 25, 2013
|Story| Los Angeles Times
Apr 19, 2013
|Story| Los Angeles Times
Apr 19, 2013
|Story| Los Angeles Times
Apr 17, 2013
|Story| Hartford Courant
Apr 10, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
Apr 12, 2013
|Column| Chicago Tribune
Apr 10, 2013
|Story| Los Angeles Times
Apr 5, 2013
|Column| Chicago Tribune
Original site for Federal Housing Administration topic gallery.
