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Mortgage loan modification and credit scores

Wednesday, March 16th, 2011

A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.

Hey, Mortgage Industry: Nobody Trusts You

Wednesday, March 16th, 2011

The mortgage banking industry knows it’s not the most popular kid on the block right now, but it tried to put a positive face on the state of the industry during a convention in New York on Monday.

Nationwide Home Loans Fall 37% on Contracting British Market

Wednesday, March 16th, 2011

Nationwide Building Society, the U.K.’s largest customer-owned lender, said gross residential mortgage lending dropped 37 percent to 12 billion pounds ($17.2 billion) in the last fiscal year as housing transactions slumped.

One in 25 mortgage holder in arrears

Wednesday, March 16th, 2011

ONE IN every 25 Irish residential mortgage holders is more than three months in arrears on repayments, according to figures published yesterday by the financial regulator. And almost 22,000 people are struggling with arrears of more than six months on their home loans.

Mortgage Interest Rate News and More

Wednesday, March 16th, 2011

In yet another report designed to help determine the state of the U.S. economy, the Mortgage Bankers Association has released their weekly mortgage report. The results are out on home purchase rates, mortgage interest rates, and refinance rates, and the news is not very positive.

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