| Apr 8, 2011 12:45PM The Mortgage Bankers Association (MBA) has what it calls "strong reservations" about the short timetable set out by the Departments of Treasury, Housing and Urban Development and the Federal Housing Finance Agency (FHFA) for revamping the fee structure for loan servicers. The agencies are seeking to make a final decision on the matter by mid-summer , timing that MBA says could lead to a "rush to judgment on this critical and complex issue." MBA, which represents a membership composed of mortgage... Apr 11, 2011 4:50PM After being stuck in the same spot for over a month, home loan borrowing costs shot higher last Wednesday at their most violent pace since early February. The release of stored energy led to a spike in Best-Execution mortgage rates. Check out this chart: VISUALIZING THE SPIKE CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate has risen to 5.125% after spending an extended period stuck at 4.875%. For those looking to permanently buy down their rate to 5.00%, this quote...
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