| Mar 15, 2012 5:04PM Mortgages Rates took a beating yesterday, with the recently prevalent 3.875% Best-Execution rate for 30-Year Fixed, Conventional Loans falling completely off the table, leaving 4.0% in control. In some cases, lenders were better priced at 4.125%! These were the biggest single day jumps we've seen in rates in months, but thankfully, they went no higher today. (read more about Best-Execution calculations ). (read more about Yesterday's Big Changes in Rates ). When markets make large, abrupt movements... Mar 15, 2012 12:48PM The Center for Responsible Lending (CRL) has published a summary of the National Mortgage Settlement Agreement which makes it easy to review the details of the agreement between 49 of the states' attorneys general (AGs), the federal government and five major financial institutions and their servicing subsidiaries. While there has been a lot of publicity surrounding the settlement agreement under which the banks agreed to pay $25 billion to settle claims against them, the summary provides a thorough...
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