| Feb 27, 2012 3:41PM Investors who have prequalified to purchase lender owned real estate (REO) under a program unveiled February 1 by the Federal Housing Finance Agency (FHFA) were notified on Monday about the next step in the program. FHFA announced that it will soon begin accepting applications from investors to demonstrate their financial capacity, experience, and specific plans for purchasing pools of Fannie Mae foreclosed properties in Atlanta, Chicago, Los Angeles, Phoenix, and parts of Florida . Central to the... Feb 27, 2012 2:53PM Mortgages Rates finished out the previous week in positive fashion, logging three straight days of minor improvements after beginning the week poorly. This week begins on a much calmer note with rates mostly steady compared to Friday and very slightly improved in some cases. The improvements haven't been enough to change the Best-Execution landscape much, if at all. Rather, the gains are more readily seen in the form of slightly lower closing costs for the same rates that prevailed on Friday. Additional...
 | 
