Ken Harney
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New rules regarding credit files arrive extremely lateJan 07, 2010 10:00 pm - WASHINGTON - For mortgage applicants and home purchasers, it's been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with ...
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Understand the fine print in reverse mortgage marketing pitchesDec 24, 2009 10:00 pm - WASHINGTON - If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed earlier this month by the...
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Obama administration offers promising plan on short salesDec 10, 2009 10:00 pm - WASHINGTON - If you're in trouble on your mortgage and you can't get a loan modification, check out the Obama administration's new standardized short sale plan that's sc...
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IRS asks homebuyers to be patient in filing claim for their tax creditDec 03, 2009 10:00 pm - WASHINGTON - If you're thinking about applying for the new $6,500 homebuyer federal tax credit or the extended $8,000 version for first-time buyers, here's some news: Th...
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Law professor writes a tutorial on walking awayNov 26, 2009 10:00 pm - WASHINGTON - Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don't thin...
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FHA feeling heat to toughen up, build up its reservesNov 19, 2009 10:00 pm - WASHINGTON - For the past several years, the Federal Housing Administration has been the go-to financing resource for cash-strapped homebuyers who can't come up with a b...
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An era, thankfully, about to end on mortgage transaction feesNov 05, 2009 10:00 pm - WASHINGTON - Remember the bad old days of 11th-hour mortgage settlement cost shocks and mystery junk-fee charges? Remember when the "good-faith estimates" your lender ga...
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Overhaul of home appraisal codeOct 29, 2009 11:00 pm - WASHINGTON - Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac last May - and now tied to lowball property valuat...
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Legitimate credit disputes can still be loan killersOct 22, 2009 11:00 pm - WASHINGTON - Could a little-known and potentially controversial practice by mortgage giants Fannie Mae and Freddie Mac kill or stall your next loan application? Absolute...
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IRS form is now a critical aspect of gaining a mortgageOct 08, 2009 11:00 pm - WASHINGTON - You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. But given IRS Form 4506-T's new p...