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Bernanke Says U.S. Must Step Up Foreclosure Efforts -- Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on its own. The Fed chief outlined four possible options, including buying delinquent mortgages and providing bigger incentives for refinancing loans. He called for addressing the “apparent market failure” where lenders aren’t modifying mortgages even in cases where it’s in their own economic interest to do so... read Business Foreclosure
It’s David Norden here. I am contacting you because many home owners are in trouble at this moment and with actual bank crisis it doesn't seem problems are easy to solve.
Why we shouldn't be bailing out subprime lenders or borrowers
Dumb: Buying a house you can't afford with no down payment and a loan whose monthly payments will explode in a few years.
Dumber: Lending money to people who can't afford a traditional mortgage, especially when they have lousy credit ratings and don't substantiate their income.
Dumbest: Bailing out dumb and dumber, especially with taxpayer money. ... Read subprime lenders
Bank Foreclosure hotline helping most callers
Chase Bank Colorado and other banks court a new client: The low-income earner
Mortgage lenders help owners avoid home foreclosures
View foreclosure pictures and top 10 data
Foreclosure Data RealtyTrac today released its U.S. Foreclosure Market Report containing year-end data for 2006. Nationwide, 1.2 million properties entered some stage of foreclosure during 2006, a 42-percent jump from 2005. The report also indicates that one of every 92 households across the country filed for foreclosure.
foreclosure data florida , soar nationwide Home foreclosures rose in Florida data and nationwide during 2006, up 42 percent nationwide and 2 percent in Florida, according to a national survey released Thursday by RealtyTrac, a California-based company.
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