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HBN Interactive Acquires Leading Online Foreclosure Help Site

Latest Acquisition Extends Consumer Reach of Company’s Real Estate Vertical MARIETTA, GA- HBN Interactive today announced the acquisition of IAmFacingForeclosure.com, a leading foreclosure help website. IAmFacingForeclosure.com has grown by 200% during the last two months and is projected to have well over 500,000 UVs (unique visitors) in 2010. This growth is driven by the site’s [...]

8Apr2010 | admin | 1 comment | Continued
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Democrats and Republicans Compromise on Foreclosure Relief Bill

Under pressure from consumer groups and troubled homeowners to prevent further collapse in the housing market, Senate Democrats and Republicans are working together to create a foreclosure relief bill.

2Apr2008 | iaff_staff | 1 comment | Continued
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Fed Chairman Urges Banks to Reduce the Amounts Borrowers Owe

Federal Reserve Chairman Ben Bernanke publicly urged lenders yesterday to forgive a portion of the principal owed on loans. Bernanke insists the time has come for banks to consider this tactic if they want to prevent foreclosures. 

5Mar2008 | iaff_staff | 3 comments | Continued
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Beware of Foreclosure Resue Scams

Homeowners facing foreclosure are often desperate for a way out, but the agencies that claim they can save your home may not be able to help. Foreclosure filings topped 2 million in the United States last year — a 65 percent increase over the previous year.Mave Elise Brown of Housing and Economic Rights Advocates in [...]

26Feb2008 | admin | 1 comment | Continued
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Project Lifeline: A Lifeline for You or a Lifeline for Banks?

Project Lifeline is the new relief plan that grants a 30-day grace period to homeowners facing foreclosure proceedings. Critics say the plan is for banks, not homeowners.

25Feb2008 | iaff_staff | 3 comments | Continued
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More Struggling Borrowers Decide to Quit Paying Mortgage

As home prices drop and mortgage payments rise, an increasing number of borrowers are handing in the keys to lenders and walking away from their mortgage.

19Feb2008 | iaff_staff | 1 comment | Continued
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Countrywide Announces Historic Subprime Relief Plan

Countrywide Financial Corp. has teamed up with the Association of Community Organizations for Reform Now (ACORN) to help subprime borrowers avoid foreclosure. All of Countrywide’s borrowers with subprime loans will be eligible for relief, according to an announcement made earlier today.

11Feb2008 | iaff_staff | 1 comment | Continued
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Home Equity Loan Defaults on the Rise

Home equity loans and lines of credit are putting lenders in an even bigger pinch as the number of home equity defaults rises to record levels.

5Feb2008 | iaff_staff | 0 comments | Continued
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Stimulus Plan to Include Housing Relief Provisions

Although exact details are lacking on the mortgage relief provisions of the economic stimulus package, we do know policymakers plan to use the FHA, Freddie Mac and Fannie Mae to pump life into the housing market.

28Jan2008 | iaff_staff | 1 comment | Continued
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City Sues Mortgage Lender Over Foreclosures

An unprecedented federal lawsuit filed Tuesday by the city of Baltimore accuses mortgage giant Wells Fargo of engaging in predatory and discriminating loan practices. City officials estimate they could recoup “tens of millions” in damages.

10Jan2008 | iaff_staff | 0 comments | Continued
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