 |
| 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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JANUARY 2008 MORTGAGE NEWS
Mortgage Rates Not Far From Where They Started 2007
Thu, 3 Jan 2008 11:17:51 EST
Weekly Mortgage Survey
National City Job Cuts
Fri, 4 Jan 2008 14:37:11 EST
Another big bank announces staff and dividend cuts. Subprime losses may even be threatening hygiene.
FICO Speeds Rollout of New Product to Meet Lender Demands
Mon, 7 Jan 2008 13:09:27 EST
Fair Isaac Corporation is rolling out its new credit scoring system earlier than anticipated.
Mortgage Regulatory System Now Operational
Tue, 8 Jan 2008 13:20:47 EST
After four years of planning inter-state regulation and licensing of mortgage lenders and brokers becomes operational on the Net.
Paulson Hints at Expansion of Rate Freeze Agenda
Wed, 9 Jan 2008 08:21:49 EST
The HOPE NOW alliance may extend the current rate freeze to prime mortgage borrowers but no mention of a bailout for those already delinquent on loans.
Mortgage Applications Surge Into New Year
Wed, 9 Jan 2008 10:40:10 EST
Weekly Mortgage Survey
Countrywide Reeling Again as Bankruptcy Rumors Fly
Wed, 9 Jan 2008 10:47:53 EST
It has been two bad days in a row for Countrywide Financial as Wall Street evaluates bankruptcy rumors and the company releases disheartening delinquency and foreclosure data.
Housing at Heart of Recession Fears
Thu, 10 Jan 2008 11:25:13 EST
Housing slowdown is now spreading paralysis throughout the greater economy. There are few sectors that won't be affected if the slump continues.
Fed Chair Promises "Substantive Additional Action" on Behalf of Economy
Thu, 10 Jan 2008 12:17:39 EST
Bernanke is cagey about rate cut numbers but promises necessary action to guard against recession.
Bank of America to Buy Countrywide
Fri, 11 Jan 2008 08:43:56 EST
Bank of America is ready to buy Countrywide Mortgage in the face of rumored bankruptcy and Washington Mutual appears to be on the auction block as well.
NAR Launches New Public Info Campaign To Counter Slump
Mon, 14 Jan 2008 14:00:11 EST
NAR seeks to counter media negativity on housing market with information and a series of ads extolling the long term investment value of real estate.
Citigroup Announces Unprecidented Losses; Dividend Cut
Tue, 15 Jan 2008 12:01:08 EST
Citigroup writes off huge losses and cuts dividends while Merrill Lynch is due to announce horrible results on Thursday. Both banks are reporting big cash infusions from Asian and Middle Eastern investors.
Mortgage Rates Plummet While Applications and Refinancing Increase
Wed, 16 Jan 2008 09:58:27 EST
Weekly Mortgage Survey
Survey Shows ARMs Diminishing in Appeal
Thu, 17 Jan 2008 09:22:16 EST
Freddie Mac Survey finds that adjustable rate mortgages are declining in popularity as the interest rate differential with fixed rate mortgages narrows. Borrowers, however, seem to conclude that if you are going to pick an ARM, a hybrid is the way to go.
Housing Permits and Starts Drop Sharply In December
Thu, 17 Jan 2008 09:59:12 EST
Permitting and housing starts, key economic indicators, slid again in December to the lowest levels in years. Builder confidence as measured by a NAHB survey has stabilized but again at the lowest levels in memory.
Merrill Lynch Losses Near Top of Analysts Estimates
Thu, 17 Jan 2008 12:05:43 EST
As expected, Merrill Lynch announces stunning losses and write-downs in fourth quarter as subprime losses mount.
MBA Touts Role in Helping Mortgage Borrowers
Fri, 18 Jan 2008 09:46:21 EST
MBA report indicates that lenders are being proactive in attempting to resolve mortgage delinquencies and expects that efforts will increase with the advent of the HopeNOW Alliance.
NAR Chimes in With an Economic Stimulus Wishlist
Fri, 18 Jan 2008 10:09:44 EST
NAR is quick to shoot off its ideas for any economic stimulus programs. Its housing-related suggestions center on changes to both the GSEs and to FHA.
Fed Slashes Interest Rates
Tue, 22 Jan 2008 07:57:23 EST
The Federal Reserve cuts interest rates by 3/4 of a point.
Can Saving PMI Also Save the Economy? Cramer Thinks So
Wed, 23 Jan 2008 14:02:49 EST
Jim Cramer proposes an expensive pre-emptive bail out of credit insurers. Would it be enough to stave off a recession or maybe even a disaster?
The Consumer Spending Problem Wall Street Doesn't See Coming
Sat, 12 Jan 2008 07:29:34 EST
A look at consumer spending and the home equity ATM machine.
Mortgage Rates at 2.5 Year Low
Thu, 24 Jan 2008 09:14:37 EST
Weekly Mortgage Survey
Increased Loan Limts May Be Included In House Bill
Thu, 24 Jan 2008 09:24:13 EST
Republicans and Democrats appear to be working together to get an economic stimulus bill to the President. There is one report that it will include a tiny nod to the housing industry.
Existing Home Sales Drop Again
Thu, 24 Jan 2008 13:31:20 EST
Despite dismal month by month numbers, existing home sales in 2007 were still the fifth highest on record.
Countrywide CEO Waives Massive Severance Package
Mon, 28 Jan 2008 09:38:04 EST
Will turning down over $37 million quiet the controversy over Countrywide Financials CEO?
New Homes Sales for 2007 Post Record Decline
Mon, 28 Jan 2008 09:44:51 EST
Data on new house sales continue to be bleak although the Northeast shows some improvement.
RealtyTrac Report Confirms Foreclosures Skyrocketing
Tue, 29 Jan 2008 14:06:22 EST
Foreclosure activity is increasing exponentially according to RealtyTrac report issued on Tuesday.
NAHB Urges Mix of Housing Measures To Stimulate Economy
Tue, 29 Jan 2008 14:24:04 EST
The National Association of Home Builders has its own wish list for an economic stimulus package. With Congress moving as fast as it is on the measure it may be too late to wield much influence, but they do have some interesting ideas.
Mortgage Rates Still Falling Hitting Four Year Low
Wed, 30 Jan 2008 08:27:18 EST
Weekly Mortgage Survey
MBIA Reports Record Losses While Connecticut Investigates
Thu, 31 Jan 2008 14:44:21 EST
Bond insurer MBIA reporting record losses and suffering through a record bad week.
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