Nonprofits bear brunt of foreclosure fight
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Mohammed Ibrahim is overwhelmed by people asking for help.
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The schemes take various forms and often involve promises to distressed homeowners of cash upfront.
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About 370,000 strapped U.S. borrowers averted foreclosure last year as a large number of homeowners responded to a government-backed effort by the mortgage industry to stem surging delinquencies.
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These guilty parties must work together to fix the housing fiasco.
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The oldest affiliate of Habitat for Humanity has filed suit to protest an agreement that the nonprofit housing organization is imposing on its 1,600 local chapters.
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Homeowners with subprime mortgages struggling under payments need federal government help to ease them through the crisis, a leading consumer advocacy group said on Wednesday.
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A coalition of organizations plans to introduce a marketing campaign comparing the effects of so-called unfair lending practices with the havoc wreaked by natural disasters.
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''Cash-advance'' shops are treading where other small-business lenders fear to go.
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In Baltimore and elsewhere around the country, subprime mortgages, which are driving the foreclosure rate, have gone disproportionately to women.
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Commercial property owners all over the Boston area may be defaulting on loans to their empty buildings, but lenders are avoiding foreclosures.
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The number of Americans who may lose their homes to foreclosure reached a record in the second quarter as late payments by subprime borrowers surged to one of every seven loans.
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It's an uncertain time for the nation's largest workplace charity drive, the government's Combined Federal Campaign.
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Home foreclosures have set a record in the face of a Fed request to avoid taking homes.
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The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump.
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The number of people seeking assistance on how to manage their debts has hit record levels, a charity warned Monday.
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The Patrick administration's top housing officials met with nine mortgage lenders in the first of a series of meetings seeking to remedy the state's foreclosure crisis. Kofi Jones, spokeswoman for the Executive Office of Housing and Economic Development, described the 90-minute meeting as a preliminary discussion of what the state and lenders can do to help "keep people in their ...
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Patent disputes rarely end up helping charities, but two local organizations could get sizable donations from the resolution of a year-long legal battle between Verizon and Vonage.