Finance & Mortgage
U.S. Mortgage Rates Rise Slightly: Freddie Mac
US Mortgage Refinance Applications Up, Purchase Applications Down Last Week
Mortgage Rates Slip, Tie Record Lows: Bankrate
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
In an effort to make the short sale process more transparent, Freddie Mac (OTC: FMCC) is updating its timelines and also requiring servicers to provide weekly updates when decisions take more than 30 days after the receipt of a complete application for a short sale under the Obama Administration's Home Affordable Foreclosure Alternative (HAFA) initiative or Freddie Mac's traditional requirements. All decisions must be made within 60-day UK Housebuilder Persimmon Upbeat as Enquiries Rise
British housebuilder Persimmon said it had made a good start to 2012 with both visitor levels and orders up on last year, boosted in part by a new government mortgage scheme. Global Regulators Map Out Safer Home Loans
Regulators published global guidance on Wednesday to make granting home loans more rigorous, five years after weak lending standards in the U.S. mortgage market spiralled into the worst financial crisis in decades. Fed Solicits Bids From Eight Banks For Maiden Lane III Assets
The New York Federal Reserve said on Wednesday it has asked eight dealers to bid on assets from its Maiden Lane III portfolio, which was created during the bailout of insurer American International Group (AIG). U.S. Bancorp Beats Street; Mortgage Revenue Soars
U.S. Bancorp's first-quarter profit topped analysts' expectations as mortgage banking revenue surged. Wells Fargo Reports Higher Profit on Mortgage Gains
A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses. UK Home Loans Plummet
Home loans in the UK have plummeted as mortgage availability tightens and rates rise despite the property industries attempts to encourage more first time buyers to kick start real estate market growth. Bank of America CEO Moynihan Must Testify in MBIA Lawsuit : Judge
A New York judge has ruled that Bank of America CEOBrian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities. Australia's ANZ Bank Raises Mortgage Rates
Australia and New Zealand Banking Group, Australia's fourth-largest bank, said on Friday it has raised mortgage rates, citing continued pressures on wholesale funding and cost of deposits. Strongest First Quarter For UK Mortgage Market
The UK mortgage market saw its strongest start to a year since 2008, according to the latest Housing Market Activity Report by Connells Survey and Valuation published today.
