Guarantee fees are fees that mortgage-backed securities providers charge to lenders for mortgage-related services including the bundling, selling and reporting of mortgage-backed bonds. Continue reading
The housing market recovery appears to turning the corner, but Sacramento is behind the curve and still playing catch-up.
According to the Federal Housing Finance Agency’s Home Price Index, home prices rose by a seasonally adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. Continue reading
