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* Julius Baer also looked to bid for parts of assets -sources * Deal could be worth about $2 bln, less than earlierestimates * BofA in step with moves to shrink its business - analyst By Saeed Azhar and ...

Slow but steady grows the Florida economy

Posted by mortgage 7 days ago (Editorial)
The recession and the subprime mortgage crisis hit Florida with hurricane force, leaving a wake of home foreclosures and more than 10 percent unemployment at its peak. Four years later, the state still works hard to build back its economic strength.
Residential Capital, the unprofitable subprime mortgage company whose parent Ally Financial is trying to repay a U.S. government bailout, filed for bankruptcy and plans to sell most of its assets to Fortress Investment Group.

Fixed Mortgage Rates Hit Record Lows Again

Posted by mortgage 7 days ago (Editorial)
MCLEAN, Va., May 17, 2012 /PRNewswire/ --

National mortgage rates for May 17, 2012

Posted by mortgage 7 days ago (Editorial)
Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 3.97% (30-year fixed) 0.44 (average points)Mortgage rates reached record lows, ...
WASHINGTON (MarketWatch) - Mortgage rates hit record lows in the week ending May 17, with the 30-year fixed-rate mortgage average falling to 3.79% from 3.83% in the prior week, Freddie Mac said Thursday in its weekly report. These data go back to 1971. The rate was 4.61% a year earlier. To obtain the latest 30-year rate, payment of an average 0.7 point was required, according to Freddie, a buyer

Rates keep dropping and refis are hopping

Posted by mortgage 7 days ago (Editorial)
Mortgage rates dipped again, for the sixth week in a row, pushing the rate on the most common type of mortgage below 4 percent for the first time in the history of Bankrate's survey.
Mortgage rates at record low as 30-year rate falls to 3.79%
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