| Apr 25, 2012 3:35PM Mortgages Rates are higher today, following the FOMC Announcement , Member Forecasts and Press Conference. The actual text of the Fed's announcement and the actual levels of it's future forecasts did not cause the move higher in rates. Rather, weaker market levels in the morning combined with the fact that those FOMC-related events held the potential to cause volatility caused initial rate sheets this morning to be a bit weaker than they otherwise would have been due to market levels alone. In other... Apr 25, 2012 3:48PM Fannie Mae issued guidelines to its servicers today improve the timing and methods of handling pre-foreclosure sales, more commonly known as short sales . The new rules apply to all conventional mortgage loans held in Fannie Mae's portfolio, loans purchased for that portfolio but subsequently securitized into Fannie Mae mortgage backed securities (MBS) pools and those originally delivered as part of an MBS pool. While not required, servicers are encouraged to follow the guidelines for loans sold...
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