Whistleblowers win $46.5 million in foreclosure settlement

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Mortgage and Lending NMLS 291249

DailyMORTGAGE LOCK ADVISORY 

July 3, 2012, 6:45am PST

Click for Lock Advice Updated Several Times Daily

      

7 day Mortgage Interest Rate lock or Float Advice: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.01 point.


30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.

Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.

 

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MORTGAGE NEWS BRIEFS
 

Whistleblowers win $46.5 million in foreclosure settlement 

(CNNMoney) Getting served with foreclosure papers made Lynn Szymoniak rich. While she couldn't have known it at the time, that day in 2008 led to her uncovering widespread fraud on the part of some of the country's biggest banks, and ultimately taking home $18 million as a result of her lawsuits against them. Read More in Niche Report
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