Waverly mortgage company goes from lender to mender
WAVERLY --- When Randy and Julie Lee launched their Open Mortgage franchise, their idea was to fit would-be homeowners with the right deal to get them a house.
Read more News Source - Waterloo-Cedar Falls Courier
Publish date - 10:31:28 01/05/09

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Fed starts program of purchases of mortgage securities
The Federal Reserve said Monday it began buying troubled mortgage securities through investment managers, kicking off a program expected to spend up to 500 billion dollars to ease a credit crisis.
Read more News Source - AFP via Yahoo! News
Publish date - 16:27:23 01/05/09
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Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.
Read more News Source - Bloomberg
Publish date - 22:55:15 01/05/09

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2 NY mortgage firms agree to restitution
Two New York mortgage brokerage firms have agreed to pay $665,000 in restitution after it was found that they charged higher fees to black and Hispanic borrowers.
Read more News Source - AP via Yahoo! Finance
Publish date - 18:55:46 01/05/09

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Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.
Read more News Source - Bloomberg
Publish date - 17:24:26 01/05/09

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Cuomo: Firms settle mortgage discrimination charges
Two mortgage brokerages have agreed to pay $665,000 in restitution to settle allegations they charged about 455 black and Latino borrowers higher fees than white borrowers with comparable circumstances, the state attorney general said Monday.
Read more News Source - Newsday
Publish date - 01:20:49 01/06/09

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Mortgage foreclosures continue to rise in NH
The number of home mortgage foreclosures has been climbing for several years in New Hampshire, with the last few years showing a dramatic spike.
Read more News Source - Boston Globe
Publish date - 17:26:42 01/05/09

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Mortgage rates rock
Santa Fe mortgage brokers and bankers are experiencing a rush of mortgage applications as borrowers react to lower rates by refinancing mortgages and, to a lesser degree, buying new homes.
Read more News Source - Santa Fe New Mexican
Publish date - 06:15:09 01/06/09

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Courson picked to lead Mortgage Bankers Association
John Courson, the chief operating officer of Mortgage Bankers Association, on Monday was named president and chief executive officer of the national association.
Read more News Source - BizJournals
Publish date - 19:12:06 01/05/09

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NY AG:Two Mortgage Cos To Pay $665,000 To Minority Borrowers
NEW YORK -(Dow Jones)- Mortgage brokers HCI Mortgage and Consumer One Mortgage will pay $665,000 in restitution to minority borrowers for alleged discriminatory lending practices, New York Attorney General Andrew Cuomo said Monday.
Read more News Source - Nasdaq
Publish date - 17:39:02 01/05/09

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