| Apr 18, 2012 4:17PM The Financial Stability Board (FSB) has released its Principles for Sound Residential Mortgage Underwriting Practices . FSB is an international body that was established after the 2009 G-20 Summit to monitor and make recommendations about the global financial system. Its members include representatives of all G-20 major economies and it is based in Basel, Switzerland. According to the Board, the recommendations issued today are meant to address "problems arising from poorly underwritten residential... Apr 18, 2012 2:49PM Mortgages Rates were flat to slightly improved today. Most lenders improved pricing by very small amounts while a few were slightly worse than yesterday. On average, rate offerings are in line with those seen yesterday and on Thursday of last week. Rates have been in great territory all week with the Best-Execution rate for 30yr Fixed Conventional remaining split between 3.875% and 4.0%. That means that lenders were widely able to offer 4.0% rates with no closing costs for well-qualified borrowers...
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