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 Top News
MGIC Losses Widen, Reorganization Planned - 11 hours ago
MGIC Investment Corp., a major provider of Private Mortgage Insurance, announced nearly $340 million in losses for the second quarter. The company also revealed plans to shift a major part of its operations to a subsidiary in order to comply with capital requirements....(read more)
Weekly Freddie Mac Survey Reports Lower Mortgage Rates - 11 hours ago
According to Freddie Mac's weekly survey, mortgage rates drifted down for the third consecutive week although they remain well above the record lows established this spring. Fannie Mae's weekly yields also dropped for the week. ...(read more)
Fed Purchases $22.17bn Agency MBS in Week Ending July 15 - 12 hours ago
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between July 9 and July 15, the Federal Reserve purchased a gross total of $22.980 billion agency MBS. During this period the Federal Reserve sold $810 million agency MBS, which brought their weekly net purchases total to $22.17billion....(read more)
Mid-Day Market Recap: Stocks Stagnate As Markets Await New Guidance - 15 hours ago
Stocks were trading lower in the first hour of trading on Thursday but relative to the 6.1% gain seen in the first three days of the week, the sell-off is pretty minor. By 11 am, indexes had mostly recovered from the morning?s mixed news.After 90 minutes of trading, the S&P 500 is the only major index still in the red, down 0.19% to 931. The Nasdaq is roughly flat trading 0.3% up at 1863, and the Dow is down 0.7% to 8622....(read more)
1 in 84 Homes Receive Foreclosure Notice in First Half of 2009 - 17 hours ago
As the unemployment rate approaches double-digits, almost two million homes received foreclosure filings in the first half of 2009, 15% more than in the same period for 2008, and 9% more than in the previous six month period, according to a new industry survey.RealtyTrac, an online marketplace for foreclosure properties, said 1.905 million homes received default notices, auction sale notices, or bank repossessions between January and June. ...(read more) |
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