Inside these posts: Mortgage lending

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Mortgage rates in U.S. fall for third week

Freddie Mac's corporate offices in McLean, Va. (AP Photo/Pablo Martinez Monsivais, FILE)

Mortgage rates eased again last week, with long-term rates continuing their decline from the current-year high set three weeks ago, according to Freddie Mac’s weekly survey.

Rates had seen a recent rise, hitting their highest level since April last month. They had slumped most of last year as Treasurys had declined amid economic uncertainty. The rates generally track the yields, which move inversely to Treasury prices.

Freddie Chief Economist Frank Nothaft cautioned, “housing demand still remains weak,” noting that new home sales in January neared the lowest levels since at least 1964, when data collection began, according to the Census Bureau. Get the full story »

Obama declares Fannie, Freddie model ‘dead’

The Obama administration on Friday declared the public-private housing finance model in place for the past four decades was dead but pledged to continue backing exisiting obligations of Fannie Mae and Freddie Mac.

“The GSE model is dead,” an Obama administration official told reporters as the Treasury Department released a long-awaited report on options to revamp housing reform. Get the full story »

Mortgage lending to hit 14-year low, MBA says

U.S. mortgage lending is projected to sink 36 percent this year to the lowest level since 1997, a trade group said Wednesday.

The Mortgage Bankers Association forecast new loans will fall to $966 billion in 2011 from $1.5 trillion this year. Get the full story »