Mar 18, 2013 9:26AM
Nine state attorneys general have sent a letter to President Obama, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell demanding new leadership at the Federal Housing Finance Agency (FHFA). The letter, which effectively calls for Acting FHFA Director Edward J. DeMarco to be fired , was sent Friday by the group spearheaded by Massachusetts' AG Martha Coakley and New York's Eric Schneiderman. The AGs said they have spent several years grappling with the outgrowth of subprime...
Mar 18, 2013 3:10PM
Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the entire week of sideways-to-slightly-lower rates last week. That said, the first week of March (the one that included the Employment data), is sort of a dividing line in 2013's general trend toward higher rates. Everything before that Thursday is lower, everything after is higher, and today's big move brings us right back to that dividing line. That means a...
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