News

U.S. Mortgage Rates Rise to 3.95 Percent

U.S. 30-year fixed-rate mortgage rates rose to 3.95 percent in the week ending Feb. 23 from a record low of 3.87 in the previous week, Freddie Mac said.

Mortgage servicer Ocwen reported 2011 revenue rising by 38%

Ocwen Financial Corporation(NYSE:OCN), a leading provider of residential and commercial loan servicing, special servicing and asset management services, reported Net income of $9.7 million, $0.08 per share, for the fourth quarter of 2011, compared to Net income of $9.9 million, $0.09 per share last year on Thursday.

Hailifax: Weak economy takes its toll on UK property prices

Residential property prices in the UK are higher now than they were in 2007 in just two areas of the country.