| Mar 16, 2011 6:31PM Mortgage rates improved today as the situation in Japan deteriorated and a feeling of panic poured through global markets, spurring on another flight to safety in risk-averse government bonds. 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... Mar 16, 2011 4:55PM A day after the Mortgage Bankers Association (MBA) announced the resignation of CEO John Courson and the appointment of David Stevens to replace him, the MBA's choice of Stevens seems a little puzzling. MBA is the national association representing the real estate finance industry. That makes them lobbyists. David Stevens is currently the Assistant HUD Secretary and Commissioner of the Federal Housing Administration (FHA). According "The Revolving Door Ban" contained in Part (5) of the Ethics Commitments...
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