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« Previous Entries Next Entries »Mortgage defaults in California at 3-year low
Tuesday, March 15th, 2011The number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes.
FDIC to Sell $409 Million in Mortgage Bonds
Tuesday, March 15th, 2011The Federal Deposit Insurance Corp. is tapping the securitization market to rid itself of assets from failed banks.
All-Time Low Mortgage Rates: Time To Refinance?
Monday, March 14th, 2011Interest rates keep dipping lower and lower. Find out what it takes to tip the scales toward a refinance.
Wells Fargo and Bank of America Gains Profit as Mortgage Rates Drop
Monday, March 14th, 2011Two mortgage lenders giant, Bank of America and Wells Fargo, foresaw a very strong days on the NYSE as BofA was up 2.92% and Wells Fargo was up 2.96%.
Mortgage Bond Market Rocked By Prepayment Fears
Monday, March 14th, 2011Agency mortgage securities were sharply lower Thursday as rattled investors sold amid speculation the government would press Fannie Mae (FNMA) and Freddie Mac (FMCC) to refinance home loans to reduce principal balances–speculation Washington officials quickly denied.
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