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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 [...]

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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I’m distressed and scared about losing my home!

I am facing foreclosure – Homeowner Story After 33 years working for the same company, I ended up on permanent disability due to 4 heart attacks and a stroke. Refinanced my house in August 2004 in order to be able to handle payments and pay off some bills. Thought I was taking out a 30 [...]

18Feb2008 | Moe Bedard | 1 comment | Continued
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Countrywide Foreclosure Assistance – I need help with Countrywide they are taking my house

Countrywide Foreclosure Assistance – Homeowner story submitted by Jennifer   I have been dealing with Countrywide Home Loans since 10/07. I spend more time stressing than anything else these days. We are 3 months behind in the foreclosure process because of increased escrow. I get the run around from countrywide and never talk to the same department no [...]

18Feb2008 | Moe Bedard | 13 comments | 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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Understanding the Foreclosure Process

By Moe Bedard The foreclosure process varies in every state and it’s imperative that homeowners understand this process. Learn everything you can because this will affect you in every which way and it is something that should not be taken lightly. One thing is for sure, time is NOT on your side. But, an educated [...]

2Feb2008 | Moe Bedard | 1 comment | 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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Subprime Crisis or Stated Income Crisis?

Loose lending practices extended beyond subprime during the housing boom. Option ARMs accounted for up to 90 percent of the profits some lenders made in the hottest housing markets.

21Jan2008 | iaff_staff | 2 comments | Continued
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