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Retail Sales Report Should Spell Higher Mortgage Rates For Wednesday
Consumer spending is alive and well, it seems — unwelcome news for today’s home buyers. Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts for the 9th straight month....
REITs raise $54 billion in mortgage buying power: RBS
by Tambako the JaguarReal estate investment trusts are on a money-raising spree. According to a research note from the Royal Bank of Scotland (RBS: 14.42 +1.19%), REITs raised $ 9 billion of equity capital this year alone. This translates into $ 54 billion in buying...
CRL fights fed-level consent order for mortgage servicers
by The Library of CongressThe Center for Responsible Lending and dozens of other consumer agencies asked federal regulators to forgo any proposed consent orders intended for mortgage servicers. The consumer advocacy group says a national solution in this case, may be...
Get Your Applications In : FHA Mortgage Insurance Premiums Rising 0.25 Percent April 18, 2011
After this week ends, the FHA is raising mortgage insurance premiums on its new borrowers. It’s the FHA’s third such increase in the last 12 months. Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25...
Fannie Mae offers help with closing costs on HomePath properties
by Musée McCord MuseumAs the housing market continues to lag in sales, Fannie Mae is laying the groundwork to entice buyers by announcing it will offer up to 3.5% in closing cost assistance on Fannie Mae-owned HomePath properties. To qualify, the buyer's initial...
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