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Fannie, Freddie to accept lower down payment mortgages
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Fannie Mae and Freddie Mac are close to allowing consumers to buy a home with as little as a 3 percent down payment and still have the mortgages backed by the two agencies.
 
Easier Mortgages Are Coming Back -- Will They Boost the Housing Market or Cause Another Crash?
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The Los Angeles Times reported last week that Fannie Mae and Freddie Mac have come up with a new set of looser standards for lenders, designed to make mortgages accessible and affordable to prospective homebuyers who don't
 
Canadians paying down mortgages at a much faster rate than reported, significantly reducing the risk of default in ...
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Canadians paying down mortgages at a much faster rate than reported, significantly reducing the risk of default in Canada's housing market: CIBC
 
Underwater mortgages decline in South Florida
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Seriously “underwater” mortgages are declining across Palm Beach and Broward counties, though the improvement is expected to slow as rising home prices taper.
 
PTSB confirms sale of subprime mortgages
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Mars Capital to acquire loanbook of approximately 2,200 mortgages for an undisclosed sum
 
Mortgages 'squeezed in the summer'
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The number of mortgages made available fell in the third quarter of the year - the first drop for more than two years - Bank of England figures show.
 
Refinancing your mortgage? Opportunity knocks
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Mortgage borrowers are getting the lowest rate mortgages of the year right now. Homeowners seeking to save some on mortgage payments can celebrate: The average rate for 15-year, fixed-rate mortgages, one of the most popular refinance products, has dipped to its lowest level since June 2013.
 
Kenya in Talks With Banks to Cut Mortgage Rates to Spur Housing
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The Kenyan government is negotiating with local banks to reduce the interest lenders charge on mortgages to single digits, as authorities try to make purchasing a home affordable in East Africa’s biggest economy.
 
CMHC head says banks should share risk on home mortgages
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Canada’s banks should share more of the risk on home mortgages and the Canada Housing and Mortgage Corp. is looking into new formulas to make that happen, according to the head of the federal housing agency. Evan Siddall, who became president and CEO of CMHC in December 2013, said the prospect of privatizing the agency is not on the table, but the government has expressed interest in reducing ...
 
U.S. to ease repurchase demands on bad mortgages
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Hoping to boost mortgage approvals for more borrowers, the federal regulator of Fannie Mae and Freddie Mac told lenders that the home financing giants would ease up on demands that banks buy back loans that go delinquent.