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Thanks to innovation and financial sector growth the U.S. is back on top, according to a new report, but other countries are catching up.More >> Thanks to innovation and financial sector growth the U.S. is back on top, according to a new report, but other countries are catching up.More >> Now that nearly a decade has passed since the housing market peaked, what lessons can investors and banks learn from the banking crisis brought on by the Great Recession?More >> Now that nearly a decade has passed since the housing market peaked, what lessons can investors and banks learn from the banking crisis brought on by the Great Recession?More >> While pursuing an MBA comes with its own set of challenges, an MBA can be a valuable asset on the path to a better career for young professionals with clear career goals and realistic expectations.More >> While pursuing an MBA comes with its own set of challenges, an MBA can be a valuable asset on the path to a better career for young professionals with clear career goals and realistic expectations.More >> The House of Representatives settled on an 11th-hour agreement that averted widespread tax increases and spending cuts that were set to kick in Jan. 1.More >> The House of Representatives settled on an 11th-hour agreement that averted widespread tax increases and spending cuts that were set to kick in Jan. 1.More >> Avis has announced that it will purchase high-tech car-sharing company Zipcar for around $500 million.More >> Avis has announced that it will purchase high-tech car-sharing company Zipcar for around $500 million. The deal is expected to greatly increase the availability of Zipcar vehicles for customers.More >>
(HawaiiNewsNow)- Known as the Independent Foreclosure Review (IFR), this program is being conducted by the Federal Reserve Board and three bureaus under the U.S. Department of Treasury. Twenty-seven mortgage services and lenders are being monitored by the government under the IFR because of fraudulent or error-prone practices that resulted in unnecessary or wrongful foreclosure proceedings.
Almost 4.5 million homeowners in the country are eligible, including many in Hawaii. But application rates have been extremely low. After several extensions, the program will finally expire in December.
The deadline for homeowners to have their foreclosure reviewed was extended to Dec. 31, but it is fast approaching.
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