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Mortgage

WNYC News

Where New York's Budget Windfall Comes Up Short

Tuesday, February 17, 2015

Critics worry the governor's proposal for how to spend money from financial settlements with banks doesn't include enough foreclosure relief.

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The Takeaway

Why it Might be Time to Refinance Your Mortgage

Wednesday, January 21, 2015

The average rate for a 30-year fix-rate mortgage fell to 3.8 percent at the end of last week. Some experts say now is a good time to think about refinancing or buying.

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The Takeaway

The Relentless Grip of the Foreclosure Crisis

Wednesday, October 15, 2014

Years after foreclosing on a property, former homeowners can't escape the relentless knock of debt collectors.

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WNYC News

New York Gets Creative With Its Slice of Bank Settlement

Thursday, August 21, 2014

The biggest-ever civil settlement in U.S. history includes a big chunk of money for New York State.

Comments [3]

Money Talking

Screech! Making a U-Turn on Housing Finance

Friday, May 16, 2014

The new regulator of mortgage finance companies Fannie Mae and Freddie Mac reverses course to stimulate the housing market and the economy.

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Money Talking

Will Getting A Mortgage Get More Expensive?

Friday, March 14, 2014

Congress moves to get the government out of the mortgage business.

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The Takeaway

Today's Highlights | February 20, 2014

Thursday, February 20, 2014

Also on Today's Show: Since the foreclosure crisis, a growing number of specialty firms known as servicers have emerged...Could student loan debt be having adverse affects on the housing market? Housing experts say that fewer young people are buying homes and even for those who are trying, they are having a hard time getting loans...The men's hockey semifinals begin this weekend in Sochi, and the United States will face off against Canada, Sweden and Finland. As the world’s greatest players take to the ice, what chance does the U.S. stand?

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WNYC News

Hot Manhattan Housing Market Will Be Cooled By Closed IRS

Wednesday, October 02, 2013

The partial government shutdown will likely squeeze prospective homeowners’ ability to get home loans, just as demand for mortgages is surging.

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The Leonard Lopate Show

Details of the Government Foreclosure Deal

Monday, April 15, 2013

As the government's largest effort to compensate victims of the banks' foreclosure practices comes to a close, ProPublica's Paul Kiel reports that it won't be much of an ending: roughly 3 million borrowers will receive no more than $500. He goes into the history of robo-signing and other aggressive practices that caused homeowners who weren’t behind on their mortgage payments to face foreclosure. His latest article is "For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks."

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WNYC News

In Tight Housing Market, a Fistful of Dollars Beats a Mortgage

Thursday, April 11, 2013

According to the latest figures from the real estate firm Douglas Elliman, there are fewer homes for sale and prices are rising in Queens, Brooklyn and Westchester. But there’s another trend not shown in these numbers: the increasing dominance of all-cash buyers.

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WNYC News

New Yorkers Get Mortgage Loan Modifications

Friday, January 25, 2013

A federal task force formed to help distressed homeowners has started assisting New Yorkers.

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WNYC News

Last Day to Apply for $25B Mortgage Settlement

Friday, January 18, 2013

As the hours tick down to the deadline, only half of New Yorkers eligible for part of a multi-billion-dollar mortgage settlement have submitted claims.

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The Takeaway

Huge Foreclosure Deal Reached

Thursday, February 09, 2012

A massive settlement has been reached between the government and five of the nation's biggest banks over foreclosure abuses and relief. Our partner The New York Times says the $ 26 billion deal will be doled out to 2 million homeowners. It's part of a broad national settlement aimed at halting the housing market's downward slide and holding banks accountable. Joining the program is Nelson Schwartz, business reporter with our partner, The Times.

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The Brian Lehrer Show

Prosecuting Mortgage Crimes

Tuesday, January 31, 2012

Gretchen Morgenson, business reporter for the New York Times, continues the conversation about going after after mortgage fraud and other financial crimes. Listeners, what do you think? Where would you start when it comes to investigating financial crimes that led to the 2008 collapse?

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The Brian Lehrer Show

AG Schneiderman Promises Swift Action From New Financial Regulation Group

Tuesday, January 31, 2012

Recap from It's a Free Country.

Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from the morning's political conversations on WNYC. Today on the Brian Lehrer Show, Eric Schneiderman, New York State Attorney General and  co-chair of the Residential Mortgage-Backed Securities Working Group, talked about his appointment to co-chair the federal working group examining mortgage fraud.

Comments [33]

The Brian Lehrer Show

Phil Angelides on the Mortgage Crisis

Wednesday, January 18, 2012

Phil Angelides, chair of the Financial Crisis Inquiry Commission and past two-term California State Treasurer, discusses the severity of the housing and foreclosure crisis and what we still need to do about it. 

Comments [24]

WNYC News

Feds: Mortgage Company Duped Agency for Nearly a Decade

Tuesday, November 01, 2011

The U.S. Attorney in Manhattan on Tuesday accused one of the nation’s largest privately held mortgage companies of a decade of fraudulent lending — costing the government hundreds of millions of dollars and forcing thousands of Americans to lose their homes.

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The Takeaway

Obama Administration Expands Mortgage Assistance Program

Tuesday, October 25, 2011

The Obama administration announced Monday that it will try and expand HARP, the Home Affordable Refinance Program, to reach to at least one million more people. HARP was introduced in 2009 to help underwater borrowers refinance their mortgages. At the time the administration predicted HARP would help millions of homeowners. But after two and a half years, less than 900,000 homeowners have refinanced under HARP. New changes to HARP will make it possible for homeowners whose mortgages are severely underwater to participate.

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The Takeaway

Big Ideas to Fix the Economy: Boost Housing Prices

Tuesday, August 16, 2011

On the heels of the debt ceiling crisis, Congress has established a "super committee" to find ways to reduce America's debt.  The twelve-member committee began work on debt-reduction strategies this week, aiming to come up with a plan to reduce the deficit by $1.5 trillion by Thanksgiving of this year. But as lawmakers lock horns over where to find spending cuts, we've been asking our listeners for suggestions on how to fix the economy. One suggestion our listeners had was to boost housing prices.

Comments [19]

WNYC News

What Happens When No One Wants to Own a Place

Monday, August 15, 2011

Throughout New York state, local governments are trying to figure out who to hold responsible for the upkeep of thousands of foreclosed residential properties.

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