Last month’s sales of previously occupied homes are expected to be down sharply from November after prospective buyers were granted more time to take advantage of a tax credit. » Read more…
Tag Archives: Mortgage Rates
January home sales data expected to show increase
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Sales of previously occupied homes are expected to be up slightly for January after a sharp drop in December as demand remained stable despite a stormy winter in much of the country. » Read more…
Greenspan: Housing bubble was not created by central bank
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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WASHINGTON (MarketWatch) — The housing bubble was not created by the central bank’s monetary policy, but rather long-term mortgage rates were a key contributor, former Federal Reserve Chairman Alan Greenspan told the Financial Crisis Inquiry Commission, a government-appointed inquiry panel, in defense of his tenure on Wednesday. » Read more…
Bank Of America Sees Biggest Monthly Gain In Mortgage Changes
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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DOW JONES NEWSWIRES
Bank of America Corp. (BAC) added about 12,000 customers to the ranks of borrowers completing mortgage modifications under the federal government’s Home Affordable Modification Program in the past month, the bank’s biggest increase to date. » Read more…