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Free Foreclosure Prevention Help Available at Local Nonprofit Agencies PDF Print E-mail
Monday, 30 November 2009 00:00
Troubled borrowers looking for FREE Foreclosure Prevention Counseling, as well as information about the Obama administration’s mortgage modification and refinancing programs, can contact a local HUD-Approved Housing Counseling Agency, to apply for help in working with their mortgage servicer. Borrowers can also check to see if they qualify for a loan modification and refinance under the Obama plan and apply online at www.makinghomeaffordable.org for help from their mortgage servicer.  Visit the Orange County Home Ownership Preservation Collaborative for a list of local housing counseling resources and events at www.ochopc.org or the U.S. Dept. of Housing and Urban Development’s website at www.hud.gov.  Local Orange County HUD-Approved Agencies include three of OCAR’s Community Partners: the Fair Housing Council of Orange County www.fairhousingoc.org, Neighborhood Housing Services of Orange County www.nhsoc.org, and Consumer Credit Counseling Services of Orange County www.cccsoc.org
 
Borrowers get an option to foreclosure PDF Print E-mail
Friday, 27 November 2009 00:00

Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.

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Survey: 5 percent of Americans plan to buy a home next year PDF Print E-mail
Wednesday, 25 November 2009 00:00

Just one in twenty Americans say they plan to buy a home within the next year, and they're most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday.

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Rates on 30-year mortgages remain below 5 percent PDF Print E-mail
Monday, 23 November 2009 00:00

Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday.

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Number of people seeking mortgages to buy homes drops again PDF Print E-mail
Saturday, 21 November 2009 22:33

Despite the lowest mortgage rates since May, applications for loans to finance home purchases fell again last week, the Mortgage Bankers Assn. said Wednesday.

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Loan Ceiling Extended PDF Print E-mail
Friday, 20 November 2009 00:00

BUYERS of homes in high-priced markets have some reason to be happy: the federal government recently extended through 2010 the maximum dollar amount for “conforming loans.” This will probably mean better options for borrowers who might otherwise have had to take out “jumbo” mortgages.

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