| Feb 24, 2011 4:26PM Mortgage rates continue to benefit from a "flight to safety". A "flight to safety" happens when investors are nervous about owning risky assets like stocks, but do not want to miss out on earning a return on their funds, so they allocate their money into risk-free government guaranteed U.S Treasury debt to provide a safe-haven AND an investment return. As benchmark Treasury yields fall on "flight to safety" buyer demand, prices of mortgage-backed securities move higher in unison. This allows lenders... Feb 24, 2011 2:30PM Fannie Mae has announced a new program to measure and evaluate the performance of its servicers' actions toward helping homeowners avoid foreclosure. The Servicer Total Achievement and Rewards Program or "STAR" is designed to directly link servicer performance in assisting homeowners to the customer's experience with that assistance. In a speech to the Mortgage Bankers Association earlier this week, Edward J. Demarco, acting director of the Federal Housing Finance Administration (FHFA) signaled that...
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