| Apr 10, 2012 4:08PM In prepared remarks for a speech to be delivered to the Brookings Institute today the F ederal Housing Finance Agency's (FHFA) acting director laid out in detail the reasons for the agency's resistance to the concept of principal reduction of Fannie Mae and Freddie Mac (ENTERPRISE) loans. Edward J. DeMarco has been under increasing pressure to implement such a program, already in place for many servicers participating in the Home Affordable Modification Program (HAMP). Principal forbearance means... Apr 10, 2012 3:33PM Mortgages Rates improved again today , though some lenders' rates were little changed. This marks the second day of moderate improvement and consolidation after a strong move lower by most lenders on Friday. There's a greater-than-normal variability between lender offerings, but in general, mortgage rates are near their best levels of the month. The Best-Execution Conventional 30yr Fixed Rate is probably best viewed as 3.875% now for flawless scenarios, and 4.0% for many others. Financially, in terms...
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