| Jun 10, 2011 10:04AM The Departments of Housing and Urban Development and Treasury issued their joint Housing Scorecard for May on Thursday. The big news is that the Administration is finally moving to penalize servicers who have consistently failed to meet the goals of the Making Home Affordable Program, which is designed to help homeowners who have fallen behind on their loan payments. The Scorecard contains results of new Servicers' Assessments, which summarize performance for the 10 largest loan servicers. The assessments... Jun 10, 2011 3:38PM After tearing down "The Wall" last Friday, the mortgage rate rally stalled and went sideways this week. We'd describe this pause as mortgage rates taking a "breather" in the wake of a 2-month rally. If you're looking for a deeper explanation, read THIS POST on "auction concessions". The sideways shuffle seen over the past five days serves as a reminder of the threats faced by home loan borrowers when floating a loan on a short-term timeline. The market doesn't always act the way you'd expect it to...
 | 
