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Homeowners With HAMP Loan Mods May Face Rate Increase
At-risk homeowners who took advantage of the federal government’s emergency plan to help them stave off foreclosure during the housing crisis have a new problem: looming interest rate increases. Banks...
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Double-Whammy Coming to Housing Market Next Year
Interest rate resets on many home loan modifications and home equity lines of credit seem to be on a collision course that may create a hardship for many borrowers who didn’t expect to be so...
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Another Round of Defaults Plague HAMP
The Home Affordable Modification Program continues to disappoint. As of Dec. 31, 1 in 3 struggling homeowners who received a loan modification through HAMP ultimately re-defaulted on those loans, a...
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