Don’t Write Off This Mortgage Insurer (Washington Post)
One way to empty a crowded theater: Shout the word mortgage. So imagine how hard it is for an insurer—even one with two other business lines—to shake the taint.
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Tucson makes top 10 home price gains But still stays out danger for being in bubble Although Tucson ranks tenth in the nation for having the highest increases in median home prices, the area is near the bottom of the list when it comes to markets
MGIC abandons deal for rival mortgage insurer (MSNBC) Mortgage insurer MGIC Investment Corp. and rival Radian Group Inc. said Wednesday they are abandoning plans to combine the companies, citing troubles in the mortgage industry.read more...
Mortgage rates, applications dip in latest week (USA Today) The average interest rate on fixed 30-year mortgages fell 0.05 of a percentage point in the latest week, to an average 5.73%, the Mortgage Bankers Association said Wednesday.read more...
U.S. mortgage rates declined last week Interest rates for 30-year, fixed-rate mortgages declined in the United States in the last week, the Federal Home Loan Mortgage Corp.read more...
Understanding mortgage terms (The Meridian Star) The purchaser of a new home may encounter various terms used by the real estate agent and the lending institution. Some of the terms are unique to mortgage banking, while
Ex-mortgage exec sentenced to 20 years (The Charlotte Observer) The former top executive of a mortgage lending company was sentenced Wednesday to 20 years in prison for his role in defrauding 8,000 investors of millions of dollars.read more...