Finance & Mortgage

Moody's Downgrades Wells Fargo Servicer Rating on Loan Performance

The deteriorating performance of certain prime and subprime loans serviced by Wells Fargo ($31.54 0.25%) prompted Moody's Investors Service to downgrade the bank's servicer ratings.

Foreclosure Sales a Sign of What's to Come

Foreclosure-related sales rose in the last quarter of 2011 but fell slightly year-over-year, according to RealtyTrac's latest U.S. foreclosure sales report.

U.S. Mortgage Rates Fall to 3.90 Percent

U.S. 30-year fixed rate mortgage rates fell to 3.90 percent in the week ending March 1, down from 3.95 percent in the prior week, according to Freddie Mac.