Home Purchase Mortgage Activity Slumps in January As the Share of Cash Transactions Hits Record High
February 24, 2011
Hopes for a rebounding housing market helping to prop up a sagging residential mortgage business in 2011 appear to be quickly fading with the year less than two months old. The problem is continuing bad news about the current state of the home purchase market. Perhaps the biggest piece of bad news for the mortgage lending industry involves...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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