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Mortgage News
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Florida mortgage firm settles federal charges (AP) AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. PMI Group narrows loss, but shares tumble (AP) AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent. Congress to try to recoup Fannie, Freddie costs (AP) AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac. Big Deal: Damon Dash, Hip-Hop Entrepreneur, Sells Condo A TriBeCa apartment owned by Damon Dash sold for $5.5 million. A second Dash property, also in TriBeCa, failed to sell. Summary Box: Mortgage rates hit low of 4.54 pct. (AP) AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. Mortgage Loan Counselor.com | Supplements | |
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