Archive for November, 2011

Permanent Modifications From J.P. Morgan Chase Increase–Latest Information From HAMP Shows Improvements

11/19/2011
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Permanent home loan modifications with J.P. Morgan Chase increased between August and September and, for homeowners who are currently in the process of pursuing modification assistance, this could be positive news as it does show this particular servicer, among others is still seeing improvements in the area of permanent home loan modifications that are...
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Tuition Increases Lead Students Relying On Loans To Look At Post-College Repayment Options And Reconsider College

11/19/2011
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Some major universities are still considering tuition increases as we recently saw that institutions in North Carolina passed tuition hikes as recently as yesterday, but tuition increases are something that has been seen in areas like Nevada, California, and Florida. Yet, these increases in tuition and fees have led some students who may be...
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Underwater Mortgage Refinancing Options From HARP–Why Some Homeowners May Not Benefit

11/19/2011
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Recent changes to the Home Affordable Refinance Program are hoped to bring benefits to the homeowners who have been struggling with negative equity over the past months or even years, but there are some aspects of this plan, which are predicted to help less than 1 million homeowners, but may still prevent some from...
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Borrowing Student Loans And Affordable Repayment Plans–Does The College A Student Attends Matter?

11/16/2011
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Many students who are currently borrowing loans to meet college costs are obviously in a position where, after graduation, it’s hoped that affordable repayment plans will be available, in terms of what they owe on a month-to-month basis, or employment positions will be opened that will allow them to easily repay this debt as...
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Balance Transfer Credit Card Rates May Be Higher For Some Cardholders–Costs Become More Of An Issue

11/16/2011
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Balance transfer credit card rates have remained somewhat unchanged over the past weeks but, depending on the average rate that a cardholder researches, but there have been some slight increases in overall averages as some cards may range anywhere between 12% to 16% or higher, yet as cardholders are not always in a position...
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Using 401(k) Loans When Refinancing–Homeowners Apply Cash Towards Mortgage Principal But Drawbacks May Arise

11/16/2011
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Over the past months we have seen some workers borrow money from their 401(k), in the form of a 401(k) loan, for various purposes and, in some instances there have been homeowners who have used funds from their retirement as a way to apply money towards their mortgage principal at the time of refinancing...
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Unemployment Continues To Hinder Housing But Federal Unemployment Program Offers More Aid

11/16/2011
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Unemployment continues to be one of the main hinderances in the housing market and within the personal lives of many consumers as well, but there are still opportunities available through the federal Unemployment Program, which is part of the Treasury Department’s Home Affordable Modification initiative, and it may bring about solutions to the problems...
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Problems Job Seekers Experience That May Lead To Longer Periods Of Unemployment Or Need For Retraining

11/15/2011
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As unemployment remains at 9%, there are numerous men and women who are currently looking for a job or attempting to transition from their current employment situation to another, and in many cases are finding that this is still a difficult task despite the fact that some may have been in the workforce for...
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Private Mortgage Assistance Plans Offer More Help Through Modifications But Are They A Better Option For Homeowners?

11/15/2011
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The federal mortgage modification program was hoped to help over 1 million homeowners, with some estimations being around 2 or 3 million homeowners, but reports released here in November, which track data through September of 2011, indicated that there were only 720,612 permanent modifications that were currently active, which is obviously far fewer modifications...
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Homeowners Missing Mortgage Payments And Falling Behind Increase But Will Problems Continue?

11/15/2011
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Reports from the third quarter have indicated that there is data to show some homeowners are falling behind on their mortgage payments as delinquencies did increase, which has given some mixed opinions to the topic of mortgage delinquency as some officials feel that these problems that recently arose in terms of homeowners missing payments...
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