Affordable Homes – No Buyer!

This is the current scenario in South Florida. As history tells us, properties of South Florida region are always affordable for buyers to purchase. But the reality is that majority of the buyers can hardly afford most of the properties on sale. The current monthly installment (mortga
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Federal Government, State Attorneys General Reach Landmark $25 Billion Mortgage Abuse Settlement with Top Five U.S. Mortgage Servicers

Attorney General Eric H. Holder, Jr. Today the U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced today that the federal government and 4
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U.S. Mortgage Rates End 2011 Near Record Lows

Frank Nothaft Based on Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), average fixed mortgage rates finishing the year near their all-time historic lows helping to keep homebuyer affordability high. Averaging 3.95 percent, the 30-year fixed has been at or below 4.00
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ARMs Hit New Record Lows in U.S. as 30-Year Fixed-Rate Mortgage Average 3.98%

Frank Nothaft Based on Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), fixed mortgage rates changing little and remaining near their historic lows while adjustable-rate mortgages averaged new record lows. The 30-year fixed has averaged at or below 4 percent for the f
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Mortgage Applications Uptick in U.S.

According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 21, mortgage applications increased 4.9 percent from one week earlier, which included the Columbus Day holiday. The Market Composite Index, a measure of mortgage
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U.S. Mortgage Applications up 6.3% This Week

Based on the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 9, 2011, mortgage applications increased 6.3 percent from one week earlier. This week’s results include an adjustment to account for the Labor Day holiday. The Mar
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U.S. Mortgage Rates Hit 50-Year Record Lows This Week

Frank Nothaft According to Freddie Mac (OTC: FMCC) latest Primary Mortgage Market Survey (PMMS), showed that mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance. The 30-year fixed averaged 4.15 perce
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Allstate sues Goldman over mortgage debt losses (Reuters)

Reuters – Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $ 123 million of mortgage securities it bought. Yahoo! News: Business News
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