Fitch mulls mortgage insurance downgrade
CNBC - This phenomenon has created an incentive to ‘walk away’ from mortgage debt,” Fitch said. MGIC, PMI and Radian guarantee the payments on $120 billion in home loans.
Bernanke Fails to Cut Loan Rates for Most Americans (Update1) (Bloomberg.com)
Feb. 26 (Bloomberg) — Ben S. Bernanke, who has reduced interest rates faster than any Federal Reserve chairman since 1982, is failing to bring down the cost of credit for most American homeowners.