| May 7, 2012 1:41PM Members of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises were told details Monday of the Federal Housing Finance Agency's (FHFA) plan to convert owned real estate (REO) to rental property . Meg Burns, FHFA's Senior Associate Director for Housing and Regulatory Policy, told committee members that the program is aimed at some of the 180,000 REO properties owned by the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae. Burns said... May 7, 2012 2:54PM Mortgages rates continue to operate at their best levels since early February following Friday's weaker-than-expected Employment Situation report. There was effectively no change in most lenders' rate sheet offerings versus Friday morning's rates. Even last week, there were no dramatic movements into the Employment Report, but more of a steady march toward historical lows. This naturally leaves the 30yr Fixed Conventional Best-Execution Rate unchanged at 3.875%. ( read more about Best-Execution calculations...
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