How to Stop Identity Theft

3 smart ways to protect yourself One of the fastest growing white-collar crimes in America is identity theft. According to the Federal Trade Commission (FTC), as many as 9 million Americans have their identities stolen each year. Chances are, if you haven’t been a victim of identity theft, someone you know has.  What Is Identity …

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Distressed B. of A. homeowners in Calif. now have chance of principal reduction

Distressed Bank of America homeowners in California now have chance of principal reduction Bank of America has joined the Keep Your Home California principal-reduction program, making it the largest loan servicer involved in lowering loan balances for those with economic hardships. Making sense of the story Keep Your Home California is a program offered through …

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Pending Home Sales Surge Unexpectedly in October

Industry data released Thursday showed that the number of contracts signed for home purchases climbed in October. The news came as a surprise to analysts and industry professionals who have been anticipating a continued falloff in buyer demand due to the typical seasonal slowdown in home sales, compounded by concerns that servicers’ affidavit problems could …

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Fannie and Freddie Restart Frozen REO Sales

Both Fannie Mae and Freddie Mac have instructed their selling agents to move forward with transactions involving foreclosed properties in cases where sales were suspended due to potential problems with the legal paperwork. The GSEs were forced to temporarily halt the sale of certain properties two months ago when news surfaced that some of the …

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