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« Previous Entries Next Entries »Mortgage Investors Turn to State Courts for Relief
Tuesday, March 15th, 2011INVESTORS who lost billions on boatloads of faulty mortgage securities have had a hard time holding Wall Street accountable for selling the things in the first place.
Mortgage Rates Lowest in Decades Yet Sales Plummet
Tuesday, March 15th, 2011Record breaking mortgage rates are not enough to spark the US real estate market..
Mortgage-Bond Yield Spreads Approach Lowest Level on Record
Tuesday, March 15th, 2011Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.03 percentage point to about 0.65 percentage point more than 10-year Treasuries as of 4:45 p.m. in New York, according to data compiled by Bloomberg. The gap reached 0.59 percentage point on March 29, two days before the Federal Reserve ended its buying of $1.25 trillion of [...]
Daily Mortgage Rates
Tuesday, March 15th, 2011Today the thirty-year fixed rate mortgage (FRM) is averaging an interest rate of about 4.50%, this is down from most of last week when the thirty-year FRM averaged at 4.625%. The current mortgage rates being offered by America’s leading mortgage servicers continue to remain around fifty-year lows.
Program to Help Prevent Foreclosures Falls Short
Tuesday, March 15th, 2011The Obama administration’s program to help homeowners avoid foreclosure has fallen far short of its goals, in part because the Treasury Department has failed to spell out what its objectives should be, according to an assessment offered to Congress on Wednesday.
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