| Aug 13, 2012 5:28PM Both Fitch Ratings and the Mortgage Bankers Association have reacted to the Consumer Financial Protection Bureau's (CFPB) proposed rules for mortgage servicers which were released on Friday. The rules, now posted for a sixty-day comment period, cover servicer protocols when dealing with mortgage servicing in general and with borrowers having financial difficulties. Fitch said that in general it views the proposed rules positively because, if implemented, they would set consistent standards for all... Aug 13, 2012 1:38PM Mortgage Rates were paradoxically higher today giving some pause to a bounce back from the month's highest rates last week. Although not altogether uncommon, today's mortgage rate landscape is slightly counterintuitive in the sense that Treasuries and even underlying MBS (the "mortgage-backed-securities" that most directly influence mortgage rates) have been in marginally improved territory most of the day (improved = lower rates). That said, the changes in market levels versus Friday afternoon are...
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