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Data from the Mortgage Bankers Association shows almost one in eleven US homeowners face repossession Almost one in eleven Americans is at imminent risk of losing their home, as the housing crash continues to claim thousands of...
By Jason Benham DUBAI, Nov 22 (Reuters) - Troubled Dubai Islamic mortgage lender Tamweel's returned to profit after posting losses for three consecutive quarters, but its third-quarter earnings plunged 95 percent as it took...
foreclosure, the owner is not the only one that loses - the bank also loses a significant amount of money. Therefore, it is in the lender's best interest to find viable solutions to help homeowners keep the home and avoid the...
Housing market downturn a major disruption in the appraisal process, says mortgage technology expert A mortgage industry trend that requires appraisers to work in unfamiliar neighborhoods is resulting in serious valuation...
Amid ever-bleaker national news about mortgage delinquency rates and foreclosures, a fledgling program in Detroit offers a glimmer of hope that banks, community groups and hard-pressed homeowners may have hit on an idea to keep...
By Tom Kelly While most housing analysts believe there will be no double-dip recession, foreclosures will continue to hound the real estate industry in 2010. A double-dip recession refers to a recession followed by a...
Failed lenders give agency a portfolio By Brian Louis and Daniel Taub BLOOMBERG NEWS The Federal Deposit Insurance Corp. has already sold the most real estate this year since 1994 as the regulator takes over properties held by...
An Evansville couple, buying a home on contract, say the owner's bankruptcy could cost them their home The tenants say they are hoping to find a way to stay in their home The owner says the housng meltdown left him in financial...
Don't assume payment protection insurance will cover the whole of your mortgage, says Jill Insley. Check how the policy works, or, like the couple here, you might still risk losing your home When Julie Moss and Barry Goodison...
First-time buyers and homeowners with only a small amount of equity in their property who want to move or remortgage should have greater choice after the launch of new loan deals. But the cost of mortgages is still high for...
