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WaMu dropping 2 mortgage types (Seattle Times) Pacific Northwest Washington Mutual said Wednesday it would stop offering negative-amortizing loan products and WaMu Mortgage Plus loans...read more...
Fed seen keeping rates on hold despite mortgage woes (AFP via Yahoo! News) The Federal Reserve is expected to keep US interest rates on hold Tuesday following a meeting of top policymakers despite increasing concerns about the health of the multitrillion-dollar mortgage
Sell Your Home and Pay Less Tax The Taxpayer Relief Act of 1997 abolished two previous laws that allowed for a "roll-over" and the "once-in-a-lifetime" tax benefit when selling a home prior to 1997. via The
30-year mortgage rate highest since April (USA Today) Mortgage rates on 30-year home loans last week climbed to their highest levels since early April, an industry group said Wednesday. Rates on 30-year fixed-rate mortgages, excluding fees, averaged 5.94%
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Shares of mortgage finance giants Fannie Mae and Freddie Mac tumbled Monday amid renewed fears that shareholders will wind up with nothing if the government intervenes to bail out the troubled companies.
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