30-year rates fall after 6 weeks of small increases
Rates on 30-year mortgages declined this week after posting increases for the past six consecutive weeks.
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Mortgage Applications Fall for Fifth Week in Six (The New York Sun) Applications filed with American mortgage lenders for home purchases declined for a fifth week in six, more signs that rising borrowing costs and high prices are putting the brakes on
Analytics capture mortgage fraud trends (Government Computer News) The Financial Crimes Enforcement Network (FinCEN) found through an analysis of suspicious-activity reports that suspected mortgage loan fraud rose 35 percent in the past year.read more...
Tax Cuts Will Aid Small Businesses POINCIANA | So much of the debate over the property tax-cutting Amendment 1 referendum focused on lost revenue for cities and counties versus homeowners struggling to pay soaring property tax
Illinois, California attorneys general investigating mortgage lender Countrywide Financial (Minneapolis-St. Paul Star Tribune) Attorneys general in California and Illinois are investigating the lending practices of Countrywide Financial Corp., the nation's largest mortgage lender, officials said Thursday.read more...
GMAC mortgage lender says it needs more liquidity (Detroit Free Press) NEW YORK ? Residential Capital LLC, the mortgage lending unit of GMAC LLC, said today it needs more than three times more cash to stay in business than it estimated
Florida for Sale! A reporter journeys to the Sunshine State and finds that high-end homes are now selling for bargain prices. His conclusion: the real estate market is even worse than you hear.read