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Ginnie Mae has recommended a move that could increase scrutiny of originators making loans the Department of Veterans Affairs has guaranteed. The recommendation, which is included in a report to Congress, calls for an information sharing…
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Fitch stated that mortgage performance is expected to deteriorate in most countries, due to inflation and high interest rates increasing borrower payments and eroding income, which in turn will weaken borrower credit quality and drive…
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“Over the last four weeks, mortgage rates have declined three-quarters of a point, the largest decline since 2008,” he added. The average 15-year fixed-rate mortgage fell nine basis points week over week to 5.67%. A year ago at this time,…
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