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No FED Rate Increase In June

Following recent speculations that the Federal Reserve would hike interest rates in June, a weak May job report moved in to dash the chances. The likelihood of a rate hike shrunk down to a measly 4 percent, and experts are

Posted in Foreclosures, Real Estate Tagged with: , , , , , , , , , , ,

Fannie Mae, Freddie Mac Regulator Defends 3% Down Payment Mortgages

(TNS)—The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3 percent had enough safeguards to make them as safe as loans with

Posted in Real Estate Tagged with: , , , , , , , , ,