The Obama administration announced it will increase pressure on the mortgage industry to help struggling homeowners. In an effort to help borrowers, the Treasury is ramping up efforts to prevent more foreclosures.
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how some hedge funds are profiting from buying home loans at a discount. The funds reduce the size of the mortgages and make them qualify for government guarantee. These loans are then sold to federal agencies, which then package them into securities that are sold to investors. (Source: Bloomber...
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home loan rates and points surged higher today after the dollar dove and gold shot above $1200 for the first time. Also offers a look at Wednesday’s potential impact on home loans including home financing, home refinance and home purchase as well as other residential real estate refinancing of a...
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Nov. 23 (Bloomberg) — Bloomberg’s Jon Erlichman reports on how some hedge funds are profiting from buying home loans at a discount. The funds reduce the size of the mortgages and make them qualify for government guarantee. These loans are then sold to federal agencies, which then package t...
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