Avg. 30-Year Mortgage Rate Drops Again (Real Estate News)
Rate is lowest the 30-year fixed-rate mortgage has been since early March
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Existing home sales up in January The numbers of existing single-family houses sold in the Hudson Valley and Catskills moderated in January as compared to year ago figures, according to the New York State Association of
Washington Mutual cuts subprime jobs, adds more mortgage sellers (AP via Yahoo! Finance) Thrift bank Washington Mutual Inc. said Thursday it will cut 1,000 jobs, eliminating its sales force dedicated to mortgage borrowers with questionable credit and slashing some of its wholesale
Three On Your Side Investigates: Mortgage Fraud Schemes (WLBT 3) This week real estate appraiser Edward Young was sentenced to 42 months in Federal prison for his role in a multi- million dollar mortgage fraud scheme. He was an appraiser
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Fears grow of bailout for mortgage giants (Detroit Free Press) Investors are betting that time is running out for Fannie Mae and Freddie Mac. Shares of the mortgage finance companies lost more than a fifth of their value on Wednesday
BOA profits up 10 percent on lending (Reg Req'd) Bank of America Corp., the second- largest U.S. bank, said quarterly profit climbed 10 percent as consumers and businesses borrowed more.read more...