The American Civil Liberties Union sued Morgan Stanley on Monday, in what the group said is the first lawsuit against an investment bank alleging racial discrimination over packaging subprime mortgage loans into securities.
NBCNews.com: Real estate
How Buyers Can Snag Mortgage Rates in 3% Range
Borrowing costs for a home purchase have never been lower. How can your home buyers take advantage?
Mortgage benchmark jumps back above 4%
Mortgage rates may have finally hit bottom. The benchmark 30-year rate has risen above 4 percent for the first time since October, according to mortgage giant Freddie Mac.
msnbc.com: Real estate
Purchasing the 1st mortgage vs a short sale
In my experience, there are 2 ways to do this. One is impossible, the other very hard.
If you find a house and then try to find that exact loan for sale, it is impossible.
If you shop for loans that are for sale, find one and then research it and discover the house/deal is right, it can be done. But you need the right situation with willing owners and no junior liens.
The only way the buy the note instead of short sale really works is with bulk.
BiggerPockets Forums
More Details Emerge in $25B Mortgage Deal
The government released more details to its landmark mortgage settlement with the nation’s five largest banks over allegations of wrongful foreclosures. How much will the settlement really help home owners?
Mortgage Rates Sink to Record Lows Again
An early holiday present for home buyers and home owners? Fixed mortgage rates dropped to or near all-time lows again, Freddie Mac reports in its weekly mortgage market survey.
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