| Mar 9, 2011 9:57AM The Department of Housing and Urban Development was sued this week by the American Association of Retired Persons (AARP) on behalf of three homeowners facing foreclosure on HUD guaranteed reverse mortgages that were issued to their late spouses. The Foundation claims that the surviving spouses are facing "imminent foreclosure and eviction from their homes" because HUD abandoned federal rules and violated protections assigned to those spouses. The suit, which was filed in the filed in U.S. District... Mar 9, 2011 5:16PM If yesterday gave fence-sitters a taste of the downside risks associated with floating, today shared the rewards. Today's 10-year Treasury note auction was a net-positive for mortgage rates... and while the best-execution 30-year fixed mortgage rate did not decline, the upfront cost to obtain that rate quote did improve. We are once again near one-month lows in mortgage rates. We've been here a few times over the past month though, it's where positive progress has stalled everytime the environment...
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