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Mortgage & Finance Journal

The Following Article is from the Spring 2012 Newsletter HARP 2.0 program gives relief to existing homeowners, and new loan product to help buyers! The government touted its Home Affordable Refinance Program (HARP) as a way to get the crumbling housing market on the road to a quick recovery and provide much-needed relief to struggling homeowners. Launched in March 2009, HAMP was supposed to… Continue Reading Mortgage & Finance Journal

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Forced Mortgage Repurchases

The Following Article is from the Winter 2010 Newsletter Forced repurchases of soured U.S. mortgages may be the biggest issue facing banks, even as errors in the foreclosure process draw attention to other industry risks.  Future losses from repurchases of home loans whose quality failed to meet sellers’ promises will likely total $55 billion to $120 billion for the next five years accordingly to… Continue Reading Forced Mortgage Repurchases

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