http://www.mortgagedaily.com?spcode=rss Mortgage Industry News for the Mortgage Industry Thu., 02 Sep 2010 19:05 GMT en-us http://www.mortgagedaily.com/ConventTab.asp?spcode=rss http://www.mortgagedaily.com/ConventTab.asp?spcode=rss Thu., 02 Sep 2010 19:05 GMT
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.]]> http://www.mortgagedaily.com/Statistics.asp?spcode=rss http://www.mortgagedaily.com/Statistics.asp?spcode=rss Thu., 02 Sep 2010 17:32 GMT
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.]]> http://www.mortgagedaily.com/Legal.asp?spcode=rss http://www.mortgagedaily.com/Legal.asp?spcode=rss Thu., 02 Sep 2010 15:15 GMT
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.]]> http://www.mortgagedaily.com/Corporate.asp?spcode=rss http://www.mortgagedaily.com/Corporate.asp?spcode=rss Thu., 02 Sep 2010 13:27 GMT
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.<]]> http://www.mortgagedaily.com/Corporate.asp?spcode=rss http://www.mortgagedaily.com/Corporate.asp?spcode=rss Wed., 01 Sep 2010 23:53 GMT
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.]]>