Wednesday, September 14, 2011

Mortgage applications rose last week: MBA (Reuters)

A foreclosed home is seen in Bullhead City, Arizona, in this November 4, 2009 file photo. Bank of America has set aside more than $15 billion in litigation reserves and contends it is well-positioned to defend itself against the wave of mortgage-related lawsuits. It is bracing itself for a war of attrition with mortgage bond investors, who claim the bank and its Countrywide subsidiary sometimes knowingly stuffed those securities with shoddy home loans. To match Insight BANKOFAMERICA/SOLUTIONS  REUTERS/Lucy Nicholson/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE)Reuters - Applications for U.S. home mortgages rose last week for the first time in a month as interest rates tumbled even further, an industry group said on Wednesday.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20110914/bs_nm/us_usa_economy_mortgages

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