If you saw the recent White House announcement of lower insurance payments on Federal Housing Administration home mortgages, you might have wondered: Does this matter to me as a potential home buyer or refinancer? Who specifically will benefit from the decrease in fees?
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co has agreed in principle to settle class action litigation arising from Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises. The largest U.S. bank, which bought Bear in 2008, will pay roughly $500 million to investors led by a group of pension funds, a …
Mortgage rates are now back above 4 percent but the recent decline was enough to reveal the underbelly of the housing beast.
Mortgage rates are now back above 4 percent but the recent decline was enough to reveal the underbelly of the housing beast.