 |
| 30 Yr Fix |
6.01% |
-0.04% |
| 15 Yr Fix |
5.60% |
0.00% |
| 1 Yr ARM |
5.18% |
-0.11% |
| 5/1 ARM |
5.57% |
-0.10% |
| 30 Yr Tres |
4.58% |
-0.06% |
| Fed Prime |
5.00% |
-0.25% |
|
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 |
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FEBRUARY 2008 MORTGAGE NEWS
Many Mortgage Delinquents Still Unaware There Is Help
Mon, 4 Feb 2008 09:52:13 EST
While the situation is improving, homeowners are still not aware of the options that may be available to them should they get in trouble with their mortgage payments according to new Freddie Mac survey.
Keeping Them Honest - Comparing 2007 Forecasts With Reality
Tue, 5 Feb 2008 11:47:04 EST
Freddie Mac’s chief economists missed in a lot of their January 2007 predictions, but all in all and in a turbulent year they didn’t do all that bad.
Mortgage Rates Reclaim Last Week's Declines
Wed, 6 Feb 2008 13:18:09 EST
Weekly Mortgage Survey
"Foreclosure Avalanche" Prompts Servicer Survey
Thu, 7 Feb 2008 13:18:11 EST
The first months data collected from servicers by an working group of bank regulators and state attorneys general reveals that homeowners are their own best allies in a foreclosure fight but servicers are waking up to the need to change their ways.
Cash-Out Refi's Declining in Both Numbers and Amounts
Fri, 8 Feb 2008 12:57:06 EST
Refinancing is still generating cash for homeowners but the decline in numbers of cash-out refi's and the amount of money withdrawn reflect declining prices and tightened underwriting.
Two Changes in Tax Code May Benefit Some Homeowners
Mon, 11 Feb 2008 13:12:12 EST
PMI tax deductions have been extended for 2007 and there is tax relief for some foreclosed homeowners.
Delinquent Homeowners Get a New "Lifeline"
Tue, 12 Feb 2008 12:00:31 EST
Six major servicers announce another program to help homeowners avoid foreclosure. This one has much greater reach (and probably utility) than the rate freeze announced in December.
Buffet Offers Help to Bond Insurers
Tue, 12 Feb 2008 12:50:51 EST
Big day for lifelines as Buffet throws one to three troubled companies.
Changes in Loan Limits Will Impact Few Home Buyers
Wed, 13 Feb 2008 12:08:29 EST
The portion of the 2008 Economic Stimulus Package designed to help the housing industry probably won’t cut a wide swath through the wreckage.
NAR Price Survey Shows House Prices Continuing To Increase In Many Areas
Thu, 14 Feb 2008 12:13:05 EST
The bubble hasn't burst everywhere. Nearly half of metropolitan areas surveyed in NAR's most recent survey show increases in median prices.
Mortgage Rates are Drifting and Applications Trend Down
Thu, 14 Feb 2008 12:18:39 EST
Weekly Mortgage Survey
Another Attempt to Ameliorate the Housing Situation Proposed
Fri, 15 Feb 2008 11:36:39 EST
Democrats put forth their own economic stimulus package aimed at the housing market.
Project Lifeline to Cover Nearly All Borrowers
Tue, 19 Feb 2008 12:42:55 EST
Hope NOW alliance's Project Lifeline expands to cover nearly entire mortgage market.
Subprime Lawsuits Already Outpacing S&L Litigation
Tue, 19 Feb 2008 12:53:49 EST
While the financial markets are bleeding the lawyers are lining up.
House Swaps - Not Just for Vacationers Anymore?
Wed, 20 Feb 2008 09:21:28 EST
At least four websites are now matchmaking potential house swappers from coast to coast. Is there a market for what they are selling?
Builders Hold Back on New Construction but Some See Hope
Wed, 20 Feb 2008 15:15:03 EST
Building permits and housing starts are still falling although the Northeast and Midwest show some improvement as does builder confidence.
Fixed-Rate Mortgages Were Pricier Last Week
Thu, 21 Feb 2008 13:16:10 EST
Weekly Mortgage Survey
California to Retrain Laid-off Mortgage Workers
Fri, 22 Feb 2008 07:21:11 EST
Program to retrain displaced mortgage workers in California announced by Governor Schwarzenegger.
Existing Home Sales and Prices Fall in January
Mon, 25 Feb 2008 12:18:24 EST
Existing home sales continue to decline along with prices but NAR officers see hope in new loan limits.
Are Programs Beginning to Slow Rate of Foreclosure Growth?
Tue, 26 Feb 2008 11:32:27 EST
According to RealtyTrac's monthly report, foreclosures are still increasing, but perhaps the rate freezes and moratoriums are beginning to slow the rate.
Case Shiller, OFHEO Reports Add to the General Housing Gloom
Tue, 26 Feb 2008 11:45:47 EST
Two quarterly reports show that home prices are continuing to deteriorate, perhaps at an accelerating pace.
Mortgage Rates Back Up to January Levels
Wed, 27 Feb 2008 08:24:14 EST
Weekly Market Summary
New Home Sales and Prices Continue Seemingly Endless Decline
Wed, 27 Feb 2008 11:55:51 EST
Census Bureau reports another bad month for new house sales.
GSE Portfolio Caps to be Lifted March 1
Wed, 27 Feb 2008 12:04:17 EST
Freddie and Fannie can now expand their owned portfolios following timely filing of financial statements.
Mortgage Rates and the Fed - Get it Straight !
Thu, 28 Feb 2008 10:58:35 EST
The correlation between fed rate cuts and mortgage rates, let's get this straight once and for all.
Huge Changes May be Coming for Lenders and Appraisers
Thu, 28 Feb 2008 11:18:48 EST
Fannie Mae pondering huge change in the way appraisers are assigned by lenders.
A Look at GSE 2007 Earnings; Ouch!
Fri, 29 Feb 2008 11:22:14 EST
Freddie Mac and Fannie Mae announce huge losses in 2007; make provisions for more problems to come.
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