 |
| 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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MARCH 2008 MORTGAGE NEWS
NAHB Puts its Economic Stimulus Ideas in Front of the Senate
Mon, 3 Mar 2008 10:41:10 EST
NAHB urges Congress to enact a temporary tax-credit for first time buyers to help housing industry out of slump.
Appraisal Reform Accord Reached By NY Attorney General and GSEs
Mon, 3 Mar 2008 12:42:18 EST
Freddie Mac, Fannie Mae, and their regulator have reached an agreement with the New York Attorney General to clamp down on the assignment of appraisals and establish a new independent agency to oversee new rules and manage complaints.
Hope Now Alliance Reports Progress in Helping Homeowners
Tue, 4 Mar 2008 13:18:07 EST
Hope Now Alliance releases progress report while Chairman Bernanke urges bankers to look for longer range permanent solutions to foreclosure crisis.
Mortgage Rates Mixed in Freddie Mac, MBA Weekly Surveys
Wed, 5 Mar 2008 10:54:55 EST
Weekly Mortgage Survey
WaMu Executives Will See Bonuses Protected from Financial Fallout
Wed, 5 Mar 2008 11:08:38 EST
WaMu validates an old axiom "Them that has gets."
Pending Home Sales Index Points to a Slow Recovery
Thu, 6 Mar 2008 13:46:14 EST
Contracts for the sale of homes remained stable in January, giving hope that second half of the year will mark the beginnings of recovery.
Home Equity Hits New Low
Thu, 6 Mar 2008 14:20:59 EST
Average home equity in the U.S. has dropped below 50 percent for the first time since 1945 while rate of mortgage delinquencies and foreclosures continue upward.
HomeSaver Advance is the Latest Program to Assist Delinquent Homeowners
Fri, 7 Mar 2008 11:27:11 EST
Another in a growing list of foreclosure avoidance programs about to be rolled out by Fannie Mae.
Margin Calls Threaten Two Mortgage Companies/Investors
Fri, 7 Mar 2008 11:55:53 EST
Carlyle Capital and Thornburg Mortgage both failed to meet margin calls from lenders this week. Carlyle shares have been suspended from trade; Thornburg’s future is cloudy.
Still More Troubles for Countrywide
Mon, 10 Mar 2008 10:49:38 EST
Countrywide hit with double whammy over the weekend as more state and federal probes are reported.
Three Mortgage CEOs Spend a Day on the Congressional Hot Seat
Mon, 10 Mar 2008 12:58:51 EST
Mortgage CEO’s cite their corporate accomplishments to rebut Congressional charges of excessive compensation.
Stop Paying Your Mortgage and Walk Away?
Tue, 11 Mar 2008 12:04:30 EST
New service promises to help upside-down borrowers walk away from their houses and their mortgages – for a fee.
Mortgage Rates Mixed - Very Mixed - in Last Week's Reports
Wed, 12 Mar 2008 07:30:17 EST
Weekly Mortgage Survey
Mortgage Mess is Apparently Ready to Claim Two More Victims
Thu, 13 Mar 2008 11:26:36 EST
Carlyle Capital and Thornburg Mortgage now appear to be teetering on the edge of liquidation.
Paulson Releases Presidential Working Group Recommendations
Thu, 13 Mar 2008 13:07:56 EST
Nothing particularly new to Presidential Working Group recommendations, but lots of clout behind them.
HUD Introduces New Good Faith Estimate and Proposes Other Changes to RESPA
Fri, 14 Mar 2008 11:32:03 EST
HUD proposes changes to RESPA and introduces some new forms and scripts that may actually work.
Stockholders Socked as J.P. Morgan Acquires Bear Stearns in Weekend Rescue
Mon, 17 Mar 2008 06:06:00 EST
J.P. Morgan buys Bear Stearns at a fire sale price while the Federal Reserve assumes much of the risk.
Federal Reserve Makes Three Big Weekend Moves
Mon, 17 Mar 2008 06:41:48 EST
Federal Reserve makes three weekend moves to shore up markets.
Big Losses for PMI Company and HR Block Unloads Option One
Mon, 17 Mar 2008 10:23:14 EST
Busy day as private mortgage insurer announces record losses and H&R Block finally finds a buyer for Option One Mortgage.
YSP Clarification
Tue, 18 Mar 2008 08:22:39 EST
A clarification of an earlier article covering YSP and GFE.
Housing Starts and Builder Confidence Surveys Released
Tue, 18 Mar 2008 11:40:33 EST
Permitting and housing starts continue to fall but builder confidence holds to January levels.
OFHEO Lowers Capital Requirements for GSEs to Improve Market Liquidity
Wed, 19 Mar 2008 07:55:14 EST
OFHEO lowers GSE capital requirements by one-third in another move to inject money into credit markets.
Most Mortgage Rates Increase During Wild Week in Financial Markets
Wed, 19 Mar 2008 08:43:15 EST
Weekly Mortgage Survey
Sinking Mortgage Company Gets Lifeline from Lenders
Wed, 19 Mar 2008 11:35:24 EST
Thornburg Mortgage buys a shot at survival with million of warrants.
Why is Bear Stearns Trading Higher than the JP Morgan Offer Price?
Fri, 21 Mar 2008 06:48:41 EST
Bear Stearns stock is trading at more than double the offering price for the company. Some people apparently don’t view J.P. Morgan’s deal as quite done.
Price for Bear Stearns Likely to Rise
Mon, 24 Mar 2008 10:08:24 EST
J.P. Morgan reps spent holiday re-negotiating buy-out bid.
Some Good News Regarding Home Sales Comes in NAR Report
Mon, 24 Mar 2008 10:21:10 EST
Existing home sales increased slightly in February and inventories of unsold homes fell. Prices continued to slip nationally but there were bright spots in about half of the metro areas.
Home Prices Continue 5-Month Decline According to New Report
Tue, 25 Mar 2008 07:40:52 EST
SP/Case-Shiller Index reports record home price declines in majority of its 20 survey cities.
CPI, Retail Sales Contribute to Lower Long Term Rates
Wed, 26 Mar 2008 08:09:54 EST
Weekly Mortgage Rates Report
Senator McCain Vows no Politics with Housing Crisis
Fri, 28 Mar 2008 08:24:49 EST
Part 1 of a 3 part series on the Presidential Candidate's stance on housing crisis. McCain's proposed housing policies rely on tightening lending requirements and requiring responsible behavior.
Massive Financial Regulatory Changes Proposed by Paulson
Mon, 31 Mar 2008 08:39:00 EST
Treasury Secretary to announce sweeping changes to structure of financial oversight; no new regulations but many role changes.
HUD Secretary to Resign
Mon, 31 Mar 2008 08:47:54 EST
Reuters is reporting that the Secretary of Housing and Urban Development will announce his resignation Monday morning.
The Day Ahead Canada and U.S.: U.S. ISM, Canadian IPPI
Mon, 31 Mar 2008 17:47:30 EST
A look at the day ahead for Tuesday, April 1 2008.
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