THE GLORY DAYS: How Andrew Mason And Groupon Rose To Incredible Heights (GRPN)

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… economy entered free-fall as the sub-prime mortgage crisis exploded and credit markets …

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THE GLORY DAYS: How Andrew Mason And Groupon Rose To Incredible Heights (GRPN)

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Record Low for COFI

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After edging up in December, the Cost of Funds Index reversed course and fell to the lowest level on record.

COFI fell below 1 percent for the first time and came in at its lowest level ever based on data going back to 1981.

The index, which is used to determine rate and payment adjustments on some adjustable-rate mortgages, tumbled 11 basis points from

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Insured Mortgages Expand

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New mortgage insurance business was little changed last month and likely was little changed in February. But total outstanding mortgages that are insured have grown each of the past eight months.

January saw 36,923 U.S. mortgages insured, marginally mixed from

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Mortgage Rates Improve, Could Hold

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Interest rates on home loans fell this week and might hold steady over the short term. On a longer-term basis, rates are headed higher.

At 3.51 percent, 30-year fixed-rate mortgages averaged 5 basis points less than a week earlier, according to Freddie Mac’s Primary Mortgage Market Survey for the week ended Feb. 28. The 30 year was 3.90 percent a year earlier.

“Mortgage rates eased somewhat as the consumer price index in February held steady for the second month in a row,” Freddie Mac Chief Economist Frank Nothaft explained in the weekly report.


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Mortgage Rates Improve, Could Hold

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The 2008 Housing Crash, the Great Recession, and Contemporary Racial Economic Inequality

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… financial deregulation, specifically in the mortgage industry.  Unfortunately, the strategy set … who they could sell new sub-prime mortgages.  Homeowners in minority neighborhoods were … in a white suburb.  And subprime loans even paid the lenders …

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Former Countrywide mortgage customers could claim settlement

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… 's a settlement for mortgage fraud.
This is a major … steered thousands of minorities into subprime mortgages when whites with similar credit …

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Impac Annual Mortgage Originations Double

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More than half of home loans originated by Impac Mortgage Holdings Inc. are generated through the wholesale channel, and mortgage production more than doubled last year

Fourth-quarter residential loan originations were up 17 percent from the three months ended

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Mortgage Rates Turn Downward

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Mortgage rates cooled off somewhat this week, with all three major loan types down from last week’s levels.

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Mortgage Rates Turn Downward

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Delinquency Drops, Repos Rise

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Nearly a million borrowers on residential loans have moved out of the non-current category over the past year. Last month saw delinquency decline and foreclosures in process subside, but the number of repossessions moved higher.

Fewer borrowers, 5,208,000, were past due at least 30 days or in the process of foreclosure on their residential loans as of Jan. 31 than at the end of December, when 5,292,000 home loans were delinquent. At the same point last year, 6,082,000 mortgages were in the 30-day category.

The latest loan count consisted of 3,506,000 past-due loans not in the process of foreclosure and 1,703,000 loans in the foreclosure pre-sale inventory.


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Delinquency Drops, Repos Rise

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Sempra Energy’s Unit Registers for IPO; EIN News Offers Latest News

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/EINPresswire.com/ Washington, February 28, 2013 /EIN News/ EIN News, a leading media monitoring company, has added a new section to its IPO website to cover the latest news about all Sempra Energy's IPO activities, see:

– Sempra Energy IPO News – …

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Sempra Energy’s Unit Registers for IPO; EIN News Offers Latest News

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