Tag Archives: Cnbc

Banks Fight Mortgage Principal Reduction

Page 1 of 3 | Next PageShow Entire Article At the end of a day-long negotiation session over the foreclosure paperwork mess at the Department of Justice, Iowa Attorney General Tom Miller and Associate Attorney General Thomas Perrelli came out … Continue reading

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How Catastrophe in Japan Could Affect US Mortgage Rates

According to the Fannie Mae 30-Yr MBS, mortgage rates are lower by about 5 basis points, thanks to the rally in US Treasurys, which produced a drop in yields. Bankrate.com’s overnight on the 30-Yr fell to 4.81 percent from 4.87 … Continue reading

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JPMorgan Fights Back on Forced Principal Forgiveness

Page 1 of 2 | Next PageShow Entire Article It’s not like we didn’t already know the banks were opposed to forgiving principal on troubled loans, even though they claim they are doing a little of that now. But today … Continue reading

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US Housing Recovery Hurt by Unrest in the Middle East

Page 1 of 2 | Next PageShow Entire Article You probably don’t think of unrest in the far away Middle East as having anything to do with the housing market here in the U.S. You should. The weekly mortgage applications … Continue reading

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