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Florida Purchase Mortgage Loans News

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WASHINGTON (AP) _ Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing ...

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US government assumes leading role in mortgage market with takeover of ... - Baltimore Sun

April 2007 was a busy month for Miami Beach developer Michael Stern. On April 10, two of his properties were freed from a costly mortgage -- with a document now said to be forged.

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Miami Beach informant dodged problems - Miami Herald

In the mortgage industry, they are called liar loans -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname ninja loans, short for no income, no job and no assets. The nation's housing ...

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Risky mortgages threaten to keep housing market down - Detroit Free Press

In its most dramatic market intervention in years, the U.S. government seized two of the nation's largest financial companies, taking direct responsibility for firms that provide funding for around three-quarters of new home mortgages. Treasury ...

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U.S. Seizes Mortgage Giants - Wall Street Journal

The decline of housing markets in California and Florida has led to record numbers of foreclosures and is causing even good borrowers to pay more for loans, according to analysis and statistics released Friday. To add to the bleak picture, the ...

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U.S. home foreclosures hit record level, boosted by California - Los Angeles Times

WASHINGTON -- Treasury Secretary Henry Paulson on Sunday moved to take control of Fannie Mae and Freddie Mac, which operated like private companies but had enjoyed implicit government backing until their seizure. The move aimed to bolster the complex ...

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How Fannie and Freddie seizure affects homeownership - Miami Herald

CLEVELAND -- The president of a title company was sentenced to seven years in prison for her role in mortgage fraud that involved 31 houses in Cleveland, East Cleveland and Garfield Heights. Clarissa Foster, 35, of Macedonia, was sentenced Friday in ...

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Company president sentenced in mortgage fraud case - Cleveland Plain Dealer Blog

WASHINGTON (AP) -- The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for ...

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Fannie and Freddie were blind to the bubble - Blueridgenow.com

Even though data Friday from the Mortgage Bankers Association indicated that U.S. foreclosures hit a record in the second quarter, that won’t necessarily translate into big declines in home prices. (Getty Images) That appears to be the conclusion ...

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Foreclosure Effect on Home Prices May Be Small - Wall Street Journal

Socially Responsible Investment Industry’s Premier Conference WASHINGTON, D.C. & COLORADO SPRINGS, CO.///NEWS ADVISORY///As socially and environmentally ... REC Solar Reaches Out To Next Generation of Energy Consumers During Democratic National ...

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