Finance & Mortgage

Spanish banks' higher real estate cover: A big but necessary step forward

Fitch Ratings says in a newly-published report that the new coverage levels for real estate (RE) assets required by the Spanish government is a big but necessary step forward and there are significant challenges ahead.

30-Year Fixed Mortgage Rate Clears 4%: Freddie Mac

Interest rates on the 30-year, fixed-rate mortgage rose above 4 percent for the first time since October 2011, following increases in bond yields, Freddie Mac reported.

Fed Fining Eight More Home Mortgage Lenders In Robo-Signing Scandal

The Federal Reserve plans to fine eight more bank holding companies for improper home mortgage foreclosures, the latest fallout from the so-called robo-signing scandal in which banks filed foreclosure documents without verifying their accuracy.
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