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What Documents Do I Need?
Nancy Nall Reporting A reader writes to WWJ Newsradio 950 about Caring for Aging Parents: Is there a check list of information (financial, mortgage, insurance, auto, etc.) that children should have...
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Hey Homeowners! It's Time To Refinance
It’s a great time to refinance your home as mortgage rates hit another record last week, dropping down to their lowest level since Freddie Mac began tracking the rates in 1971. According to WWJ and...
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Governor Hopes Home Building Idea Spreads
Nail gun in hand, Gov. Jennifer Granholm was determined to install baseboards in the wood frame house on Detroit’s east side. Outside, husband Dan Mulhern wiped away sweat while putting up vinyl siding...
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Goldman To Pay Record SEC Settlement
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments. The settlement came on the same day that...
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Stocks Cut Losses On Fed's Economic Stimulus Plans
Federal Reserve Chairman Ben Bernanke (AP, File) Stocks have recovered some of their losses after investors reacted positively but still cautiously to news that the Federal Reserve is taking steps to...
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US Gives Mich. $128M for Jobless Homeowners
(CBS) The Obama administration says more money is headed to Michigan to help unemployed homeowners avoid foreclosure. Michigan is expected to get about $128 million from the grants announced Wednesday....
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Mortgage Rates Hit 4.44%
Mortgage rates sank to the lowest level in decades this week, pushed down by the weak economy and the Federal Reserve’s move to help lift the recovery by purchasing government debt. Mortgage buyer...
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Help For Homeowners Facing Foreclosure
Michigan Governor Jennifer Granholm says Michigan will be receiving additional federal funding help for homeowners facing foreclosure. The governor was at the Mexicantown Welcome Center in southwest...
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Jobs Scarcity Fuels Foreclosure Risk
One in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. About 9.9 percent of homeowners had missed at least one...
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Home Prices Up In Detroit, 16 Other Cities
(AP) Home prices rose in June for a third straight month as now-expired tax credits inspired a burst of home-buying. But prices are expected to fall through the rest of the year now that demand has...
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The Feldman Report AM 09/07
WWJ and FOX 2 Detroit’s Murray Feldman reports on the housing crisis has taught home owner to take a closer look at their mortgage.
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Mortgage Rates Climb Again
(AP Photo) Rates on 30-year mortgages climbed for the second straight week, but remain near the lowest level in decades. The average rate for 30-year fixed loans this week was 4.37 percent, mortgage...
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Detroit Named “Most Affordable” Community
Coldwell Banker is out with its annual list of the most expensive and most affordable American housing markets. The most costly is Newport Beach, California, followed by Palo Alto, California and Rye,...
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Bank of America Delays Foreclosures
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. The move adds the nation’s...
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States Launch Foreclosure Probe
Officials in all fifty states and the District of Columbia have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of...
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Chase Holds Job Fair Friday
Are you trying to ‘chase’ down a job? Chase is hosting a job fair from from 11 a.m. to 7 p.m. at the Troy Marriott, 200 W. Big Beaver Road in Troy. The company is looking to hire 200 full-time regular...
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Michigan Tops Foreclosure Report
Michigan continues to be one of the top states when it comes to foreclosures. Foreclosure tracker RealtyTrac Inc. reports 16,061 foreclosure filings in December in Michigan. With 1 in every 282 homes...
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Trial Underway In Quicken Loans Overtime Case
A Detroit jury is hearing testimony in a trial that will determine whether online mortgage giant Quicken Loans owes overtime to more than 300 former employees. The workers contend they were sales...
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Detroit Housing Market Prices Fall To 11 Year Low
DETROIT (WWJ) - Home prices are at their lowest in eleven years in many of the country’s major cities. The Standard and Poor’s/Case Shiller 20-city index shows declines in 19 cities from December to...
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Clerk Alleges Fraud On Oakland County Mortgage Documents
OAKLAND COUNTY (WWJ) – The Oakland County Clerk is asking State Attorney General Bill Schuette to look at some irregularities in the assignment of several mortgages. According to Bill Bullard, he’s...
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