Some money from mortgage settlement to be diverted

Posted by under Mortgage News on Wednesday Feb 22, 2012
The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
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ATLANTA, Feb. 22, 2012 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR - News) (the "Company") today announced results for the quarter ended December 31, 2011.(Logo: http://photos.prnewswire.com/prnh/20110131/MM39469LOGO-b ...
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States may tap mortgage money to fill budget gaps

Posted by under Mortgage News on Wednesday Feb 22, 2012
The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
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Mortgage activity slides with rates higher

Posted by under Mortgage News on Wednesday Feb 22, 2012
WASHINGTON, Feb. 22 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity fell 4.5 percent in the week ending Friday, as long-term interest rates rose.
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Conn. to reap millions in mortgage settlement

Posted by under Mortgage News on Wednesday Feb 22, 2012
Connecticut Attorney General George Jepsen told state lawmakers Tuesday that a national settlement for mortgage abuses has established needed reforms, but he asked that they use millions from the deal to help struggling homeowners and not spend the money on unrelated government programs.
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Should Mortgage Rates Even Be Lower?

Posted by under Mortgage News on Wednesday Feb 22, 2012
Mortgage rates are the lowest on record. But by a key historical measure, they should be even lower.
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Morgan Stanley Investment Management announced today that the Morgan Stanley Opportunistic Mortgage Income Fund LP, a fund dedicated to investments in mortgage-related secur
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SUNNYVALE, Calif., Feb. 22, 2012 /PRNewswire/ -- Today, CreditSesame.com , the popular personal finance and credit education resource site, announced the launch of its interactive mortgage comparison and ...
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Mortgage Application Volume Falls 2.5%

Posted by under Mortgage News on Wednesday Feb 22, 2012
The number of mortgage applications filed in the U.S. last week fell 2.5% from the prior week, the Mortgage Bankers Association said Wednesday.
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