The composite National Mortgage Risk Index for Agency purchase loans stood at 12.09% in July, down 0.2 percentage point from the average for the prior three months, but up 0.6 percentage point from a year earlier.
Category: Top National News
The Mirage of Fannie Mae-White House Truce Talks
Speculation that a pro-investor settlement looms in the Fannie Mae and Freddie Mac cases has driven shares sharply higher. This is wishful thinking.
‘Shame Campaign’ Looks to Change Foreclosure Practices
More signs calling out banks that are being bad neighbors will be going up this week. State Assemblyman Michael Kearns says he started the “shame campaign” to expose lenders that foreclose on homes and let them rot for years. Kearns says banks are dragging down communities and leaving taxpayers holding the bag.