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The Home Affordable Refinance Program, HARP, has had some changes this year. Actually, an overhaul that should make it easier for homeowners who are upside down to qualify for a refinance of their mortgage. The HARP program is only available to homeowners
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On Friday, the newest housing rescue effort was announced. All reports show the previous effort was a bit of a failure. Wachovia/Wells Fargo reports a dismal 4% of eligible loans have been done . JP Morgan Chase reports 1% success , Bank of America is
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A New and Better Deal There is positive news about Fannie and Freddie refinancing that should keep many borrowers from falling into foreclosure. HUD announced that it will expand its loan-to-value ratios for refinances; specifically the expansion will
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With the large number of foreclosures on the Frederick market, some fantastic deals are out there for the picking. The trouble is, once a buyer comes up with the down payment and the closing costs, what if the house needs work, as many REO properties
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Economic downturns seem to bring out the scammers more than any other time. Frederick home owners who are having a difficult time making their mortgage payment need to be aware that there are answers to their dilemma, but there are also wolves in sheep's
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The new initiative from the administration's Making Home Affordable program will help homeowners refinance who couldn't qualify under other programs. The Making Home Affordable applies to homeowners with mortgages guaranteed by Fannie Mae. The
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