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BY Brad Finkelstein, Jacob Passy
The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.
Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.  more »
Ten banks have invested a total of $25 million in the fund, which buys up mortgage-backed securities tied to loans made for the development or rehabilitation of affordable single- and multi-family homes.  more »
For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.  more »
Entry-level home values rose at double the rate of top-tier homes over the past year, according to Zillow.  more »
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