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home-loans

Exclusive: Big mortgage investors take first step toward suing Ocwen

By Karen Freifeld NEW YORK (Reuters) – Major mortgage bond investors including BlackRock , MetLife and Pimco on Friday took a first step toward suing Ocwen Financial Corp , accusing it of having failed to properly collect payments on $82 billion of home loans, according to a person familiar with the matter and to documents seen by Reuters. The group sent a formal notice of non-performance to …

How to Make the Most of Falling Mortgage Rates

The average 30-year fixed-rate mortgage is close to 3.6 percent, a near rock-bottom low that???s more than a full percentage point lower than this time last year. And for many, refinancing could mean huge savings. In the words of ???Shark Tank???s??? Barbara Corcoran:?????Money???s on sale.???…

Brazil mortgage financing slumps as activity wanes, group says

A measure of mortgage loan disbursements in Brazil rose at the slowest pace in more than a decade as rising borrowing costs, a stagnant economy and eroding confidence dampened demand for home loans, an industry group said on Wednesday. The amount of mortgage loans funded with resources from the country's SBPE savings and loan system totaled 112.9 billion reais ($43.4 billion) last year, a 3.4 …

We Already Know Where Mortgage Rates Are Heading in 2015

NEW YORK ( MainStreet ) — Average 30-year-fixed mortgage rates are running just a tad above their 3.31% all-time lows, but economists predict 2015 will be the last hurrah for sub-4% home loans — and possibly even for sub-5% ones, too.