FHLBanks violated unsecured credit limits: FHFA-OIG --

In 2011 one Federal Home Loan Bank extended more than $ 1 billion in unsecured credit to a European bank despite a downgrade of the bank’s credit.

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Mortgage rates hardly move: Freddie Mac --

The Freddie Mac survey showed 30-year, fixed-rate mortgages averaged 3.66% for the week ending Thursday, matching the previous week’s record low. Last year at this time, the 30-year FRM averaged 4.51%.

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CFPB cites confusion in reverse mortgage market in latest study --

The bureau conducted the study as a requirement of the Dodd-Frank Act. It found that few consumers completely understand how reverse mortgages work and said it would gather public input regarding reverse mortgages.

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BarCap: Citi saves the most through short sales --

Short sales make up nearly half of all mortgage liquidations, and Citigroup saves the most from these foreclosure alternatives, according to Barclays Capital.

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WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Colorado and provide support to homeowners and low-income renters forced from their homes due to the ongoing High Park and Waldo Canyon wildfires this month.

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