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Second Mortgage Current News Developments

• Mortgage-Bond Yields Climb After Fed Maintains Buying Program Bloomberg - 2 hours, 9 minutes ago June 24 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed after the Federal Reserve left its $1.75 trillion bond-purchase program unchanged, signaling that interest rates on new home loans may increase.
  
  
• U.S. mortgage applications climb from 7-month low Washington Post - Jun 24 4:07 AM NEW YORK (Reuters) - U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating.
  
  
• What the Fed's Decision Means for Mortgage Rates US News & World Report - 1 hour, 47 minutes ago The central bank moves to keep its key interest rate at essentially zero.
  
  
• Citi Unit Halts Mortgage Applications on Missing Data (Update1) Bloomberg - Jun 24 8:48 AM June 24 (Bloomberg) -- Citigroup Inc. suspended loan applications at a unit that produced half of its $115 billion in mortgages last year after a review found that some property appraisals and income-verification documents were missing.
  
  
• Financial Stocks: Financials rise, led by mortgage insurers Market Watch - Jun 24 8:52 AM U.S. financial stocks rise as markets shrug off disappointing new-home sales data and await a statement from the Federal Reserve that could shed light on the economy and monetary policy.
  
  

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