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OCC: Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance
Posted to: Around The Web
Monday, January 07, 2013 6:06 AM

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Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers.

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Mortgage Rates:
  • 30 Yr FRM 3.81%
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  • 15 Yr FRM 2.97%
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  • Jumbo 30 Year Fixed 3.93%
MBS Prices:
  • 30YR FNMA 4.5 107-05 (-0-01)
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  • 30YR FNMA 5.0 108-02 (-0-01)
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  • 30YR FNMA 5.5 108-14 (0-00)
Recent Housing Data:
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  • Refinance Index -11.66%
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