CORRECT: U.S. mortgage rates edge lower: Freddie Mac (Market Watch)
CHICAGO (MarketWatch) -- U.S. mortgage rates edged lower in the week ending Thursday, with the national average on the benchmark 30-year, fixed-rate loan hitting 6.37% vs. 6.42% a week earlier, Freddie Mac said in its weekly survey. The 15-year, five-year hybrid adjustable-rate and one-year ARM also inched down. The declines follows three weeks in which rates on longer-term mortgages had risen. ...

Ahead of the Bell: Mortgage Tax Relief (AP via Yahoo! Finance)
House lawmakers are due to vote Thursday on a bill that would allow homeowners to avoid paying taxes on mortgage debt which gets forgiven as part of a foreclosure or a modified loan.

More mortgage layoffs: Bear Stearns firing 310 workers (USA Today)
Bear Stearns said Wednesday it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in the investment bank's profit this summer.

U.S. Mortgage Rates Edge Lower: Freddie Mac (Nasdaq)
U.S. mortgage rates edged lower in the week ending Thursday, with the national average on the benchmark 30-year, fixed-rate loan hitting 6.38% vs. 6.42% a week earlier, Freddie Mac said in its weekly survey.

Fitch Rates Harborview Mortgage Loan Trust (HVMLT) Series 2007-7 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch rates Harborview Mortgage Loan Trust mortgage pass-through certificates, series 2007-7 as follows: $1.43 billion classes 1A-1A, 2A-1A, 2A-1B, 2A-1C 'AAA'; $34.5 million class B-1 'AA+'; $51.8 million class B-2 'AA+'; $18.1 million class B-3 'AA'; $17.3 million class B-4 'AA-'; $15.6 million class B-5 'A+'; $12.3 million class B-6 'A'; $8.2 million class B-7 'BBB+'; $10.7 ...