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ResCap Wins Approval to Try to Sell Defaulted Loans
Posted to: Around The Web
Wednesday, January 16, 2013 6:31 AM

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ResCap Wins Approval to Try to Sell Defaulted Loans Businessweek Residential Capital LLC, the bankrupt mortgage company whose parent is owned by the U.S. government, won court approval to try to sell a pool of defaulted loans with a balance of about $130 million. The mortgages are the best of about $1 billion in bad ...

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Mortgage Rates:
  • 30 Yr FRM 4.14%
  • |
  • 15 Yr FRM 3.36%
  • |
  • Jumbo 30 Year Fixed 4.25%
MBS Prices:
  • 30YR FNMA 4.5 106-14 (-0-13)
  • |
  • 30YR FNMA 5.0 108-01 (-0-10)
  • |
  • 30YR FNMA 5.5 108-20 (-0-11)
Recent Housing Data:
  • Mortgage Apps -3.25%
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  • Refinance Index -3.43%
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  • Purchase Index -3.04%
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