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Fannie Mae posts $2.2B net gain for Q2

Fannie Mae posts $2.2B net gain for Q2 WASHINGTON – Aug. 9, 2012 – Fannie Mae earned $2.2 billion from April through June, its second quarterly gain in net income since being taken over by the government during the 2008 financial crisis. Read the rest of this entry

Loan servicers face strict federal rules

WASHINGTON – Aug. 10, 2012 – The government’s consumer lending watchdog proposed new rules Friday aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments. Read the rest of this entry

U.S. rate on 30-year mortgage rises to 3.55%

WASHINGTON – Aug. 3, 2012 – The average U.S. rate on the 30-year fixed mortgage rose this week after falling to new record lows in each of the past four weeks.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan jumped to 3.55 percent. That’s up from 3.49 percent last week, which was the lowest since long-term mortgages began in the 1950s. Read the rest of this entry

U.S. rate on 30-year mortgage: 3.49%, new record

Expect record-low rates to go even lower over the short term, say 50% of the industry experts polled this week by Bankrate.com. Another 50% expect no change – and no expert predicts rates will go up. Read the rest of this entry

30-year mortgage hits 3.53%, a new record

Mortgage Rate Trend Index

Don’t expect rates to move much in the short term, say 50% of the industry experts polled this week by Bankrate.com. The rest divide evenly – 25% think rates will fall more while 25% predict an increase. Read the rest of this entry