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california equity home loan mortgage refinancing News

Upside-down mortgages get refinancing help in new Obama administration program

With more than half the homes in Inland Southern California worth less than their mortgages, the region could benefit from a federal refinancing program launched this week that aims to lower mortgages.

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U.S. home applications rise, but refinancing dominates

Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday

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Home Equity Lines Of Credit: The Next Looming Disaster?

In a previous REAL ESTATE CHANNEL article , I discussed the madness of borrowing through home equity lines of credit (HELOC) during the bubble years. Now is a good time to take an in-depth look at these second liens and the dangers they pose for the housing market and the large banks.

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Forest City Reports Fiscal 2010 Second-Quarter and Year-to-Date Results

Forest City Enterprises, Inc. , today announced EBDT, net earnings and revenues for the second quarter and six months ended July 31, 2010.

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Government steps up help for troubled homeowners

The government is stepping up its efforts to help borrowers with underwater mortgages and protect consumers from overreaching lenders.

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