NEW YORK -- Allstate has filed a federal lawsuit against Countrywide Financial over $700 million in toxic mortgage-backed securities that the insurer bought beginning in 2005, only to see their value decline rapidly.
Tuesday, January 11, 2011
Mortgage rates: Average on 30-year fixed loans rises to 4.86 percent
NEW YORK -- The average rate on 30-year fixed mortgages rose this week to the highest level in seven months, reflecting higher yields on long-term Treasurys.
Court rules against Wells Fargo U.S. Bancorp in foreclosure case
BOSTON -- The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo on Friday in a widely watched mortgage foreclosure case that could have serious implications for the nation's largest banks.
Monday, January 10, 2011
Brandon Knapp's Market Update Jan 10, 2010
| In This Issue |
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| Last Week in Review: The labor market continues to improve, and while that’s good news for our economy, what does it mean for home loan rates? Forecast for the Week: Very impactful reports are in store for the week ahead - including a look at inflation, retail sales, and how American consumers are feeling these days. View: Breaking news... you won’t need to sweat the dreaded April 15th date this year. Find out why below. Read full story here |
Brandon Knapp's Market Update Jan 3, 2010
| In This Issue |
| Last Week in Review: The labor market continues to improve, and while that’s good news for our economy, what does it mean for home loan rates? Forecast for the Week: Very impactful reports are in store for the week ahead - including a look at inflation, retail sales, and how American consumers are feeling these days. View: Breaking news... you won’t need to sweat the dreaded April 15th date this year. Find out why below. Read full story here |