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Bush Administration Proposes New Foreclosure Plan

The Bush Administration proposed a new foreclosure relief plan today in response to the mortgage crisis. The plan encourages lenders to write down loans and shift risk to the government-backed FHA program.

9Apr2008 | iaff_staff | 4 comments | 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 | 0 comments | Continued
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Hillary Clinton Proposes New Mortgage Bailout Plans

Presidential candidate Hillary Clinton unveiled a new four-part mortgage relief plan at a speech before 150 elected officials and students at the University of Pennsylvania yesterday. The plan calls for immediate action and direct government intervention.

25Mar2008 | iaff_staff | 5 comments | Continued
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Freddie Mac and Fannie Mae to the Rescue

Government regulators eased capital requirements for Freddie Mac and Fannie Mae on Wednesday. The move is meant to ease the housing crisis, but critics say it will cause the two overleveraged firms to hang themselves at the expense of taxpayers.

19Mar2008 | iaff_staff | 0 comments | 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 | 2 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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Free Foreclosure Help from Loan Safe

By Moe Bedard Founder of Loan Safe 
Our forum at www.LoanSafe.org has been offering free foreclosure help to homeowners for the past 6 months and has become the #1 most trusted website for struggling borrowers. Over 25 homeowners have saved their home by getting mortgage help using the tools on this website to negotiate a loan modification.
LoanSafe.org [...]

26Feb2008 | admin | 0 comments | 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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THIS IS THE WAY COUNTRYWIDE TREATS OUR MILITARY PERSONNEL!

A Homeowner trying to stop foreclosure with Countrywide – Patie Ann
Ten yrs. ago, I purchased my 2nd house through Countrywide, because they were the “new home” lender and this was my 2nd new home. After 10 yrs. of on time payments, no lates and no bounced payments, we decided to re-finance. Well, Countrywide sent us to [...]

21Feb2008 | Moe Bedard | 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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