Author: Paul Anastos | Origination March 9, 2016
ORIGINAL ARTICLE CAN BE FOUND HERE.

puzzle-coming-togetherIn the years before 2000, mortgage lending in the U.S. was a conservative industry that featured strict underwriting and little innovation. However, with the emergence of the Internet and the economic boom it fostered, along with the repeal of a nearly 70-year limitation on the business activities of banks and other financial institutions, the stage was set for disaster.

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Paul Wiseman, The Associated Press
2:54 p.m. EST February 4, 2016
ORIGINAL ARTICLE CAN BE FOUND HERE.

WASHINGTON - Average long-term U.S. mortgage rates fell for the fifth straight week amid volatility in world financial markets.

Mortgage buyer Freddie Mac says the average rate on a 30-year fixed-rate mortgage slid to 3.72% this week, down from 3.79% last week and the lowest since it averaged 3.68% in April 2015.

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February 3, 2016
ORIGINAL ARTICLE CAN BE FOUND HERE.

If you’re a current homeowner, scammers might be targeting you to refinance your mortgage. They’ll use email, phone calls, fliers and even direct mail to lure you in, but beware — these scams are designed to steal your money or personal information.

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The ORIGINAL ARTICLE CAN BE FOUND HERE.

MORTGAGE RATES & THE JOBS REPORT

On the first Friday of each month, the Bureau of Labor Statistics publishes its Non-Farm Payrolls report.

Commonly known as "the jobs report", Non-Farm Payrolls highlights employment changes across 10 private labor market sectors, including insurance and finance.

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ORIGINAL ARTICLE CAN BE FOUND HERE.

Mortgage rates fell last week, but so did record amounts of snow across much of the East Coast. That may be why total mortgage application volume dropped 2.6 percent on a seasonally adjusted basis for the week from the previous week, according to the Mortgage Bankers Association.

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