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WASHINGTON (AP) — The average rate on the 30-year fixed mortgage has dropped to 3.94 percent, the record low set in October. Low rates offer a historic opportunity for those who can afford to buy or refinance. Still, many people either can't ...

Average rate on 30-year fixed mortgage ties low of 3.94 pct.; 15-year also hits record

In 2007, about 10% of Fannie’s mortgage originations (both home purchase and refinance loans) had an LTV>90% ... were willing to issue 2nd lien piggyback loans as a substitute for higher LTV loans covered by private mortgage insurance.

The Big Lie About The Financial Crisis: Phony Factoid Of The Day

According to the Mortgage Bankers Association ... type for my firm and we have seen our CMBS business shrink significantly from the 1st and 2nd quarters of 2011. Nevertheless, 2011 as a whole was a lot better than 2010 for one of our country ...

View from the Field - Who Was Lending in 2011?

Wells Fargo Wholesale Lending told brokers it will implement new Fannie DU Refi Plus and Freddie Mac Relief Refinance Mortgage price adjusters starting ... Extensions at a Cost - (2nd extension or if initial lock term was a 14 day term) Extensions are ...

Broker Market Share Increases; Las Vegas' Foreclosed-upon Property Law; Mortgage AE jobs

Mr Zinn said it was easy to imagine why ANZ wanted to break the link in the public's mind between RBA interest rates and their own mortgage rates but the RBA ... bank saying they will only announce on the 2nd Friday of each month and hyping it up by ...

Markets Live: Europe woes weigh on stocks

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