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Daily Archives: August 1, 2012
Fannie, Freddie Still Barred from Cutting Principal
Marcy Gordon, Associated Press for The Boston Globe, August 1st, 2012 A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama … Continue reading
Refinance Mortgage Applications Hit a 3-year High
By Kerri Ann Panchuk • August 1, 2012 • HousingWire.com Mortgage applications edged up slightly during the week ending July 27, as the refinance index reached its highest level in three years, an industry trade group said Wednesday. Still, analysts … Continue reading
Freddie Mac Announces Planned Changes to Relief Refinance Program
07/31/2012 By: Tory Barringer Freddie Mac announced Tuesday its plans to expand on its Relief Refinance Mortgage Program by aligning separate mortgage requirements. The GSE announced that it will align requirements for mortgages with loan-to-value (LTV) ratios that are equal … Continue reading
Consumer Confidence Rises, Beats Expectation
Posted by jhuseman on 7/31/12, HousingWire.com Consumer confidence took an unexpected turn for the better in July, as Americans were more optimistic about the short-term outlook than current conditions, reported the Chicago Tribune via Reuters. The Conference Board, which conducted … Continue reading






