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Daniel G. Jennings
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April 07, 2011 at 8:27 PM
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By:
Daniel G. Jennings
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Mortgage News
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Uncle Sam is trying to come up with new rules for the mortgage industry but those rules probably won’t be coming anytime soon because of political conflict. It is also hard to see exactly what effect those new rules will have upon refinancing.
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Full Coverage|
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February 15, 2011 at 12:54 AM
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By:
Daniel G. Jennings
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Mortgage Refinance
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The best way to determine if you should refinance or not is to use mortgage calculators and current mortgage rates. These online tools calculate amortization and mortgage costs and they should be able to show you what you will pay on your refinancing. This way you should be able to see if you should refinance or not.
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Full Coverage|
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December 29, 2010 at 6:51 PM
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By:
Daniel G. Jennings
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CDs and Investments
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There is no reason why a person should not have a savings or money market account these days. Everybody needs to have such an account because savings is the only proven method of wealth building known.
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Full Coverage|
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December 14, 2010 at 3:50 AM
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By:
Daniel G. Jennings
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Mortgage News
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It is possible to refinance a Fannie Mae mortgage to get a lower mortgage interest rate even if your home is “underwater.”
There is a program designed to help certain homeowners, whose home mortgage amount exceeds their home value refinance. It’s called the Desktop Underwriter (DU) Refi Plus Program. This program, which is part of President Obama’s “Making Home Affordable” effort, is designed to help Americans whose mortgage exceeds the amount of equity in their home.
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Full Coverage|
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November 18, 2010 at 5:03 PM
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By:
Daniel G. Jennings
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Foreclosure and Bankruptcy
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Trial attorneys nationwide are planning lawsuits and other legal action against mortgage lenders over foreclosure. This legal action could quickly become big business and have a major impact on foreclosures and the mortgage business in general.
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Full Coverage|
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November 04, 2010 at 7:27 PM
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By:
Daniel G. Jennings
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Mortgage News
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Mortgage lenders are facing pressure from investors and lawyers to buy back bad mortgages. If successful, these efforts could make it more difficult to refinance those mortgages.
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Full Coverage|
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November 01, 2010 at 12:47 AM
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By:
Daniel G. Jennings
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Mortgage News
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There have been quite a few news stories about the federal government’s latest effort to help homeowners avoid foreclosure. The program is called “Short Finance” and it’s designed to help people who couldn’t qualify for the Obama administration’s earlier program called Home Affordable Modification Program or HAMP.
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Full Coverage|
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