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mortgage Home Foreclosures in 2010 Top 1 Million for First Time US home foreclosures on all-time high. Repossessions jumped by 3 per cent in the month and 25 per cent in the year. At the same time, a similar amount – 96,469 homes – got a default notice. defaults declined 1 percent from July and 30 percent from August 2009 after peaking at 142,064 properties in April 2009.After falling more than a half percentage point the past four months, mortgage rates rebounded this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average.A Hillcrest VA Mortgage Allows California Servicemen To cover Homes The VA home loan comes with many advantages and there are costs and fees that the VA does not allow homebuyers to pay. Minimizing closing costs is one of the biggest benefits when using a VA home loan. Non-allowable costs include: Broker fees; lender document fees; transaction coordinator fees; notary fees; termite inspection fees (in all but 9 states)