 |
| 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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OCTOBER 2007 MORTGAGE NEWS
Construction Spending Slack Picked Up By Non-Residential Sector
Mon, 1 Oct 2007 12:51:10 EST
The construction industry on the whole is alive and well even though residential expenditures continue to slide.
August Pending Home Sales Do Not Portend Well For Year End Closings
Tue, 2 Oct 2007 13:30:17 EST
Pending home sales fall to lowest level since the Pending Home Sales Index was constructed over six years ago. The National Association of Realtors, however, still sees a better world by year end.
Mortgage Rates Move In Different Directions
Wed, 3 Oct 2007 11:58:01 EST
Weekly Mortgage Survey
What Is Happening Out There? Share Your Story.
Thu, 4 Oct 2007 11:19:59 EST
Are you caught up in some part of the credit crunch; house being foreclosed, purchase on hold, deals falling part? Share your story with Mortgage News Daily.
Merrill Lynch and WaMu Suffer From Subprime Woes
Fri, 5 Oct 2007 11:52:23 EST
Merrill Lynch and Washington Mutual both announce that the third-quarter did not treat them well. Merrill Lynch will probably be the largest loser in the sub-prime aftermath to date and two ratings firms are treating it accordingly.
MBA Advises Against Broadening Fraud Laws
Mon, 8 Oct 2007 12:59:20 EST
MBA urges lawmakers to tread carefully in creating new legislation, maintaining that existing laws adequately address the issue of mortgage fraud.
MBA Proposals For Mortgage Fraud Legislation
Tue, 9 Oct 2007 11:56:11 EST
MBA urges lawmakers to improve resources available for prosecuting mortgage fraud while keeping that crime separate and distinct from laws regarding predatory lending.
Mortgage Rates Generally Ease as Housing Stats Worsen
Wed, 10 Oct 2007 11:05:37 EST
Weekly Mortgage Survey
NAMB, Harvard Professor Dueling Over Op Ed Column
Thu, 11 Oct 2007 08:20:53 EST
Boston Globe hosts mini-slap down between a Harvard law professor and the National Association of Mortgage Brokers.
Lenders, Feds Finally Paying Attention to Mortgage Crunch
Fri, 12 Oct 2007 08:48:41 EST
Lenders and government finally appear to be realizing the seriousness of the home mortgage situation and are taking action. Whether enough or in time remains to be seen.
Three Banks Move To Loosen Credit Markets
Mon, 15 Oct 2007 11:40:32 EST
Three of the largest banks in the nation, with a nudge or two from the Treasury Department, agree to set up and fund super conduit to funnel money into commercial paper to prevent disorderly liquidation.
Treasury Secretary - Housing Decline Significant Risk To Economy
Wed, 17 Oct 2007 08:48:05 EST
Secretary Paulson urges action from investors, servicers, borrowers and major markets to keep housing downturn from spilling over further into economy.
ResCap To Cut 3,000 Jobs
Wed, 17 Oct 2007 10:55:22 EST
GMAC Financial announced today the it will cut 3,000 jobs from ResCap division.
Mortgage Rates Boosted By Solid Jobs Report - Construction Jobs Suffer
Wed, 18 Oct 2007 07:05:43 EST
Weekly Market Summary
Builder Spirits Not Rebounding While Housing Starts, Permints Continue To Slide
Wed, 18 Oct 2007 08:29:02 EST
Builder confidence and several measures of construction activity continue to slide. Builders see hope for the market six months out and feel their sales initiatives are helping, but negative views persist.
SEC Turns Spotlight on Countrywide CEO Mozilo
Thu, 18 Oct 2007 06:23:07 EST
SEC wants to know if Countrywide chairman Angelo Mozilo used pre-set trading plans to profit from his companys hard times.
Dozens of Our Readers Report From the Housing Front
Mon, 22 Oct 2007 11:22:55 EST
Readers tell us their stories about the fallout from the housing boom and the resulting crash. We will share many of them here starting this week.
Real Estate Investors and Agents Decry Short-Sale Process
Wed, 24 Oct 2007 10:19:24 EST
Readers criticize lengthy and burdensome process for submitting and getting short sales approved, but lenders do have a few defenders.
NAR Releases Existing Home Sales Figures For September
Wed, 24 Oct 2007 11:40:27 EST
Existing home sales and median prices continue to slide nationally, but there are a few bright spots on a regional basis.
Freddie Mac and MBA See Mortgage Rates Through Different Lenses
Thu, 25 Oct 2007 08:55:36 EST
Weekly Mortgage Survey
September New Home Sales Report is Modestly Upbeat
Thu, 25 Oct 2007 12:43:20 EST
Census Bureau/HUD figures indicate that new home sales are picking up slightly and median prices continue to remain steady.
Countrywide Mortgage Reports Huge 3rd Quarter Loss
Fri, 26 Oct 2007 07:31:28 EST
Countrywide Finacial reported a loss of 1.2 billion in the third quarter of 2007.
Subprime Fallout Will Cost U.S. Billions
Fri, 26 Oct 2007 09:56:50 EST
Joint Congressional report attaches some concrete dollar projections to the growing subprime problem and suggests that prevention may be cost effective. We hope someone is listening.
Credit Counselors and Short Sales May Bail Out Mortgagors
Mon, 29 Oct 2007 08:50:12 EST
Not all of those working in the mortgage foreclosure area are seeking to scam homeowners. Tread carefully, check references, and get advice from approved counselors.
Subprimes Next Victim: Merrill Lynch CEO
Mon, 29 Oct 2007 12:59:16 EST
Wall Street awaits word that Merrill Lynch head has resigned or been cashiered following $7.9 billion mortgage loss.
ONeal is History and Merrill Lynch is Sued
Tue, 30 Oct 2007 13:36:25 EST
The other shoe dropped on Tuesday as Merrill Lynch CEO was ousted. The company has also been sued by shareholders.
Apartment Complexes May Benefit From FCC Action Against Cable Contracts
Wed, 31 Oct 2007 12:05:29 EST
The Federal Communication Commission appears poised to strike down contracts giving exclusive rights to single companies to provide cable service to tenants.
Growth Worries Push Mortgage Rates Down
Thu, 1 Nov 2007 09:53:35 EST
Weekly Mortgage Survey
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