| ");document.write("Fannie, Freddie Goals Released A final rule from the Federal Housing Finance Agency outlines 2010-2011 housing goals for Fannie Mae and Freddie Mac. On purchase transactions, the minimum goal for low-income loans is 27 percent. In addition, 8 percent of Fannie's and Freddie's acquisitions must be for "very low-income family" homes. ");document.write("Record Rates Rising Freddie Mac reported this week that the average 30-year fixed-rate mortgage fell to 4.32 percent. It was the lowest level recorded since Freddie began tracking the 30-year nearly four decades ago. But a 7-basis-point jump in the 10-year Treasury yield suggests mortgage rates will be higher in next week's reports. ");document.write("Credit Agencies Sued Over Bankrupt Account Reporting A lawsuit was filed Virginia on behalf of 47 Virginia plaintiffs who said their credit reports contain inaccurate information. All of the plaintiffs have filed for bankruptcy. But their credit reports contain records of debt that still appear active even though it has been discharged. ");document.write("Over 1,000 Layoffs as Servicer Offices Close The acquisition of HomeEq Servicing by Ocwen Financial Services has completed. Ocwen said that it plans to close a facility in Raleigh, N.C., and eliminate 242 jobs. Around 900 California employees are being laid off later this year as the company's facility in that state closes.< ");document.write("Bank Performance Improves On overall bank loan assets, delinquency of at least 90 days fell 4.8 percent, according to the Quarterly Banking Profile from the Federal Deposit Insurance Corp. It was the first quarterly decline since the beginning of 2006. Quarterly earnings for the sector were $21.6 billion. Banks lost $4.4 billion in the same period last year. ");document.write(" |