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By Tom Lyons on March 29, 2009
… credit and a minority. The majority of blacks who took out purchase mortgages in 2005 got high-cost subprime loans , compared with around 17 percent of whites, according to Federal Reserve data. And minority homeowners are bearing the brunt of the foreclosure crisis. … But this time, there will be a better chance to make it a permanent home. “I feel like in a year or so, I’ll repair my credit and get back out there and get another home for me and my girls,” she says. …
Posted in Loans, Mortgage
| Tagged breaking-news, business, classifieds, entertainment, kids, news, newspaper, norristown, royersford
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By Tom Lyons on March 28, 2009
… credit and a minority. The majority of blacks who took out purchase mortgages in 2005 got high-cost subprime loans , compared with around 17 percent of whites, according to Federal Reserve data. And minority homeowners are bearing the brunt of the foreclosure crisis. … But this time, there will be a better chance to make it a permanent home. “I feel like in a year or so, I’ll repair my credit and get back out there and get another home for me and my girls,” she says. …
Posted in Loans, Mortgage, Videos
| Tagged american-idol, breaking-news, chattanooga, homes, house, kids, Loans, local-regional, Mortgage, news, opinion, podcasts, search, Videos
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By Tom Lyons on March 5, 2009
Dollar Bank’s “Mortgages for Mothers” Workshop teaches women heads of household about the various mortgage loan programs. Participants learn the importance and power of credit and have the opportunity to review their credit reports … to buy a house within their means and to obtain a mortgage that they can afford.” At the workshop, new homeowners inspire the attendees with success stories about overcoming their own credit problems to realize dreams of home ownership. …
Posted in Mortgage
| Tagged breaking-news, business, corporate-finance, credit, employment, flickr, franchise-pick, home-ownership, investing, writing
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By Tom Lyons on February 21, 2009
Obama’s program to repair the mortgage crisis includes taxpayer-funded refinancing of troubled loans and an $8000 tax credit for new home buyers. The stated goal of the plan is to halt the free fall of home values to help … Obama’s plan, called the Homeowner Stability Initiative, seeks to slow the national rate of foreclosure by providing refinancing money for “underwater” mortgages, those in which homes’ market values have sunk below the amount the owners still owe. …
Posted in Loans, Mortgage, Videos
| Tagged arts, borrower, breaking-news, business, capital, government, homeowner, homes, house, Loans, local-regional, Mortgage, real-estate, sports, top-stories
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By Tom Lyons on February 21, 2009
Obama’s program to repair the mortgage crisis includes taxpayer-funded refinancing of troubled loans and an $8000 tax credit for new home buyers. The stated goal of the plan is to halt the free fall of home values to help … Obama’s plan, called the Homeowner Stability Initiative, seeks to slow the national rate of foreclosure by providing refinancing money for “underwater” mortgages, those in which homes’ market values have sunk below the amount the owners still owe. …
Posted in Loans, Mortgage, Videos
| Tagged borrower, breaking-news, business, capital, capital-region, government, house, life, local-regional, Mortgage, schenectady, sports, top-stories
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