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BusinessWeek - Merrill Lynch ( MER ) says it is discontinuing mortgage origination at its First Franklin unit in U.S, and will explore the sale Home Loan Services, a mtge loan servicing unit for First Franklin. It says the decision to discontinue lending by First ...

Movers: Merrill Lynch, Thornburg Mortgage, Wal-Mart, Motorola

CNBC - ... Shares in Merrill Lynch lost ground in pre-market trading Thursday following a surprise announcement by the bank it will stop funding home loans at First Franklin, and explore the sale of Home Loan Services, First Franklin's mortgage loan servicing ...

Merrill Lynch falls pre-market on plan to sell First Franklin home ...

Forbes - ... Shares in Merrill Lynch lost ground in pre-market trading Thursday following a surprise announcement by the bank it will stop funding home loans at First Franklin , and explore the sale of Home Loan Services, First Franklin 's mortgage loan servicing ...

Merrill Lynch falls pre-market on plan to sell First Franklin home ...

CNBC - NAR chief economist Lawrence Yun predicted that the volume of existing home sales will likely hold steady through late spring with a gradual recovery during the second half of next year, crediting higher mortgage loan limits for the expected ...

Foreclosures Hit a Record; Pending Home Sales Steady

Forbes - The firm also said it will explore the sale of Home Loan Services, a mortgage loan-servicing unit for First Franklin. The Financial Select Sector SPDR Fund (XLF) fell 2.9% to $24.42 in recent trading, after hitting an intraday low of $24.39, the worst ...

Financial sector ETF slides to 6-week low as Merrill quits subprime ...

Forbes - NAR chief economist Lawrence Yun predicted that the volume of existing home sales will likely hold steady through late spring with a gradual recovery during the second half of next year, crediting higher mortgage loan limits for the expected ...

U.S. Jan pending home sales unchanged

Forbes - Five weeks ago, the average 30-year fixed mortgage rate was 5.57 percent, meaning that a $200,000 loan would have carried a monthly payment of $1,144.38.

Bankrate: A Topsy-Turvy Week for Mortgage Rates

Forbes - FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage activities of local financial institutions.

Auron Named Chief Risk Officer at FHLBank Pittsburgh

Chicago Tribune - Homeowners took advantage of low interest rates and rising property values to refinance their mortgages into a lower rate and many times rewarded themselves with extra cash, taking on a larger mortgage or opting for a home-quity loan or line of credit

A new leaf

Biloxi Sun Herald - Lawrence Yun, NAR chief economist, said many buyers have been waiting for higher mortgage loan limits. "The higher loan limits for both FHA and conventional loans will increase consumer choice and provide greater access to lower interest rate ...

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