| Nov 30, 2011 3:10PM Much like yesterday, Mortgage-Backed-Securities (MBS), began the day in weaker territory and rallied in the latter part of the day. Improving MBS are usually good for Mortgage Rates and today is no exception. But the benefits to rates were only enough to get things back to similar territory as yesterday. No major day-over-day improvements. Some lenders are slightly better, some are slightly worse, but on average, the Best-Execution Rates are unchanged. Also similar to yesterday is the phenomenon... Nov 30, 2011 4:20PM Sixteen House Democrats have asked the Federal Housing Finance Agency to justify its position on reducing principal on loans owned by Freddie Mac and Fannie Mae . Elijah Cummings (D-MD), ranking member of the House Committee on Oversight and Government Reform and the 16 Democratic members of the committee sent a letter to FHFA Acting Director Edward DeMarco Wednesday seeking documents he promised the Committee regarding his analysis of programs to reduce mortgage principle. DeMarco allegedly told...
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