Upside-down mortgages get refinancing help in new Obama administration program
With more than half the homes in Inland Southern California worth less than their mortgages, the region could benefit from a federal refinancing program launched this week that aims to lower mortgages.
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Mortgage Bonds Decline in U.S. After Home Refinancings Outpace Expectation
Mortgage bonds with U.S. government guarantees fell relative to Treasuries after data showed more homeowners with low interest rates refinancing than some analysts expected.
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Mortgage lending down 1.5 pct as rates inch up
WASHINGTON -- Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.
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Embattled line terminates world cruise; Cruise West will pursue restructuring
Calling it the first move in its restructuring, Cruise West terminated the 120-passenger Spirit of Oceanus's 335-day world cruise today in Newfoundland, ...
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Gov't launches plan to help "underwater" borrowers
WASHINGTON -- The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.
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