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Former Fannie execs denied dismissal of subprime fraud suit UPDATE 2-Ex-Fannie Mae execs lose bid to end SEC fraud lawsuit. The mortgage finance companies are now overseen by the federal housing finance agency, and have since the seizures drawn down about $188 billion of taxpayer money, while repaying only about billion. mudd had run Fannie Mae from 2005 until the seizure.Is your mortgage business safer now than before the crash? By Greg Hunter’s USAWatchdog.com . The G-20 met recently in Australia to make new banking rules for the next financial calamity. Financial reform advocate ellen brown says these new rules will allow banks to take money from depositors and pensioners globally.
NEW YORK – While monthly default rates declined for first mortgage and bank card loans, the same could not be said for second mortgages and auto loans. Standard & Poor’s and Experian discovered that auto loan default rates increased to 1.9 percent from 1.6 percent, while second mortgage default rates increased to 2.8 percent from 2.4 percent.
"The Federal Reserve’s reaction to the low unemployment rate was to raise interest rates to deter any increase in inflation. In the last month, the year-over-year rise in the consumer price index.
Despite a slight increase in July, the default rate for first mortgage loans still sits at its lowest point in the last ten years, according to the latest S&P/Experian Consumer Credit Default Indices.
The national default rate on mortgages declined in May compared to April, while the default rate for auto loans and credit cards increased slightly, according to the S&P/Experian. card rate was.
Pay Ahead on Your Mortgage or Investing?. making double payments each step of the way reduces the payoff date from thirty years down the road to nine years and two months down the road. It truly does make that kind of impact.. My conclusion The higher your mortgage interest rate is, the.
That means that May 2017’s default rate of 0.64% is the second lowest for any month in nearly 13 years. "The default rate on first mortgage remains at 1%, lower than the pre-crisis period," said David Blitzer, the managing director and chairman of the Index Committee at S&P Dow Jones Indices. Full Story.
Private sector gains 130,000 jobs in October US companies added 230,000 jobs in October. gains of 225k in Friday’s employment report from the Labor Department." The figures indicate that the government’s jobs report on Friday could show a.
A blog keeping you up to date on current mortgage rates and market conditions.
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A leading index of defaults on consumer loans fell in September for the ninth straight month. five major cities in the S&P;/Experian Consumer Credit Default Indices had lower rates in September.