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Multi-million dollar MBS settlement not clear, judge says

()() (BAC) proposed $500 million settlement with a class of investors in residential mortgage-backed securities issued by its Countrywide Financial can’t be approved without more explanation, a judge said, Bloomberg reports. 

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Why are existing home prices rising when sales are still so low? 

Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.

3d rendering of a row of luxury townhouses along a street

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