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Financing

by Mortgage News
Government to pay mortgage interest for two years if you lose your job

Mortgage borrowers who fall into arrears are to be protected from repossession for up to two years under a new government-backed scheme.

Northern Rock pledges six-month repossession respite for struggling homeowners

Published by Jon Land for 24dash.com in Housing , Bill Payments Wednesday 3rd December 2008 - 11:57am Northern Rock pledges six-month repossession respite for struggling homeowners Nationalised bank Northern ...

Classic holiday stories inspire during tough times

Hard times have you down this holiday season? Take a trip to the library for some inspiration from treasured stories of Christmas past.

Auditors fault Treasury oversight of bailout funds

The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said ...

Report: Mortgage fraud incidents up 45 percent, Florida leads nationally

Florida properties led the way with about one-fifth of mortgage fraud incidents reported in the second quarter, the Mortgage Asset Research Institute reported.

Fed extends key credit programs through April 30

The Federal Reserve has extended the life of key programs aimed at busting through credit clogs and restoring stability to financial markets.

Mortgage lending set to fall further

The government's aim of returning mortgage lending to 2007 levels is unrealistic, the Council of Mortgage Lenders has warned.

TransUnion: 3Q mortgage delinquencies shoot higher

The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.

For the quarter ended Sept. 30, 3.96 percent of people holding a mortgage were at least 60 days behind in payments, compared with 2.56 percent in the 2007 third quarter.

'It's nothing short of staggering,' said Ezra Becker, principal consultant in TransUnion's financial services group. Becker noted t...

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