JPMorgan to Sell $716.3 Million of Mortgage Bonds
Wednesday, March 16th, 2011JPMorgan Chase & Co. is marketing $716.3 million of bonds backed by commercial mortgages, according to a person familiar with the offering.
BofA to pay $108M for Countrywide mortgage abuses
Wednesday, March 16th, 2011Bank of America has agreed to pay $108 million to about 200,000 homeowners who paid improper and inflated charges to the defunct subprime mortgage lender that became the poster child of the housing apocalypse, Countrywide Financial.
Housing starts solid as mortgage rates watched
Wednesday, March 16th, 2011Island residential construction jumps 37%, signalling stronger economic conditions. The house-building industry is back producing homes at a rate comparable pre-recession rates in 2008.
Fannie, Freddie To Delist Stock From U.S. Exchanges
Wednesday, March 16th, 2011Fannie Mae and Freddie Mac said they intend to delist their stock from the New York Stock Exchange as the U.S. government-backed mortgage companies continue to struggle amid billions in losses.
Mortgage rates rise slightly but remain near record lows
Wednesday, March 16th, 2011Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
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