Learn. Share. Connect. (52,391 Members)  - Join


Site Tools

Join Now or Sign In
for Full Access to All Features
What is
'Around the Web'?

It is a continuously updated stream of news from around the web.  Visit throughout the day for the latest breaking news.

Have News to Share ?
Members are encouraged to suggest stories for Around the Web.  Click the 'Suggest a Story' link to sumbit a link for review by our editors.

+ Suggest a Story

Syndication

Archive List

  • Tuesday, September 2: Week in Review
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: One of the more enlightening facts we share with you this week stems from our recognition that the stock markets last week continued to pummel investors with “death by 1,000 cuts’…slow torture. In fact, upon closer analysis...
  • How Much Further Will Housing Fall?
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: Using the median U.S. income, the National Association of Realtor's median home price and the national average for a 30-year, fixed rate mortgage, we’ve come up with an estimate for how much further housing prices (or mortgage rates...
  • Ramifications of Britain's Panic Move To Rescue Housing
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: The Telegraph is reporting . Buyers of homes worth up to £175,000 will not have to pay stamp duty, Alistair Darling has announced, as he promised the country would "get through" the economic downturn.
  • Option ARM Time Bomb About To Explode
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: HousingWire is reporting : Fitch Ratings on Tuesday released a wide-ranging look at option ARMs that paints a decidedly negative picture for the mortgage markets over the next 36 months. In fact, the picture is a downright scary one: the bottom...
  • Credit Suisse: Housing Bottom More Than a Year Away
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: Credit Suisse recently predicted that the housing market won't bottom out until the ratio of median housing prices to family income returns to historical levels: (From the WSJ): "One of the key comparisons was the NAR median existing...
  • FHA to Raise Upfront Premiums
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    The FHA announced Tuesday it was halting its risk-based pricing structure beginning October 1 in accordance with the new housing bill and raising its upfront premiums. Beginning October 1, FHA will charge an upfront premium of 1.75 percent for purchase...
  • Mortgage Applications See Mild Gain Thanks to FHA
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Mortgage application volume finally edged up, albeit modestly, as FHA lending picked up the slack left behind by flagging purchase and refinance activity. The MBA’s Market Composite Index increased 0.5 percent on a seasonally adjusted basis for the week...
  • Hope Now Foreclosure Prevention Tops Two Million
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Industry alliance Hope Now announced today that the total number of foreclosures prevented by mortgage servicers since July 2007 has risen to about 2.07 million. A total of 192,000 loan workouts were completed last month, a five percent increase from...
  • Fixed Rates Down, ARMs Up
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Interest rates on adjustable-rate mortgages inched up during the week as fixed-rates saw mild improvement, mortgage financier Freddie Mac reported today. “Interest rates for fixed-rate mortgages continue to drift down as reports of economic weakness...
  • Man Simulated Robbery to Pay Mortgage
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    It seems things are becoming increasingly desperate as more and more borrowers grapple with unaffordable mortgage payments. The latest involves a Long Island truck driver behind on his mortgage who executed an elaborate fake robbery in order to pocket...
  • Mortgage Insurance Volume Sinks Lower as Defaults Inch Higher
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Private mortgage insurance volume continued its slide in July as defaults crept higher and cures slowed, Mortgage Insurance Companies of America (MICA) reported. During the month, just 86,734 PMI applications were received, down from 90,886 in June and...
  • Fitch: $100 Billion in Options Arms to Recast in Next Two Years
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Nearly $100 billion in option arms are expected to reset in the next two years, with more than half early recasts, a new report released today by Fitch Ratings revealed. Fitch expects about $29 billion to recast to significantly higher monthly payments...
  • Mortgage Applications Rise Nearly Eight Percent
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    It may not sound like a lot, but it’s the largest increase in about three months. Mortgage application volume finally chalked a clear gain, climbing 7.5 percent on a seasonally adjusted basis for the week ending August 29, according to the latest...
  • GMAC to Close 200 Retail Offices, Cease Lending at Homecomings Financial
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    GMAC’s Residential Capital announced today that it will close all 200 GMAC Mortgage retail locations and cease lending at its wholesale lending subsidiary Homecomings Financial. As a result of the closures, roughly 5,000 employees will lose their...
  • Foreclosure Homes Being Used as Illegal Immigrant Drophouses
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    An increasing number of homes on the brink of foreclosure are being used to house illegal immigrants near the U.S. border in Arizona, according to a report by the Republic. Struggling borrowers who are behind on mortgage payments and facing foreclosure...
  • Tuesday, September 2: Week in Review
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: One of the more enlightening facts we share with you this week stems from our recognition that the stock markets last week continued to pummel investors with “death by 1,000 cuts’…slow torture. In fact, upon closer analysis...
  • How Much Further Will Housing Fall?
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: Using the median U.S. income, the National Association of Realtor's median home price and the national average for a 30-year, fixed rate mortgage, we’ve come up with an estimate for how much further housing prices (or mortgage rates...
  • Ramifications of Britain's Panic Move To Rescue Housing
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: The Telegraph is reporting . Buyers of homes worth up to £175,000 will not have to pay stamp duty, Alistair Darling has announced, as he promised the country would "get through" the economic downturn.
  • Option ARM Time Bomb About To Explode
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: HousingWire is reporting : Fitch Ratings on Tuesday released a wide-ranging look at option ARMs that paints a decidedly negative picture for the mortgage markets over the next 36 months. In fact, the picture is a downright scary one: the bottom...
  • Credit Suisse: Housing Bottom More Than a Year Away
    Published Thu, Sep 04 2008 9:47 AM by Seeking Alpha
    submits: Credit Suisse recently predicted that the housing market won't bottom out until the ratio of median housing prices to family income returns to historical levels: (From the WSJ): "One of the key comparisons was the NAR median existing...
  • FHA to Raise Upfront Premiums
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    The FHA announced Tuesday it was halting its risk-based pricing structure beginning October 1 in accordance with the new housing bill and raising its upfront premiums. Beginning October 1, FHA will charge an upfront premium of 1.75 percent for purchase...
  • Mortgage Applications See Mild Gain Thanks to FHA
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Mortgage application volume finally edged up, albeit modestly, as FHA lending picked up the slack left behind by flagging purchase and refinance activity. The MBA’s Market Composite Index increased 0.5 percent on a seasonally adjusted basis for the week...
  • Hope Now Foreclosure Prevention Tops Two Million
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Industry alliance Hope Now announced today that the total number of foreclosures prevented by mortgage servicers since July 2007 has risen to about 2.07 million. A total of 192,000 loan workouts were completed last month, a five percent increase from...
  • Fixed Rates Down, ARMs Up
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Interest rates on adjustable-rate mortgages inched up during the week as fixed-rates saw mild improvement, mortgage financier Freddie Mac reported today. “Interest rates for fixed-rate mortgages continue to drift down as reports of economic weakness...
  • Man Simulated Robbery to Pay Mortgage
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    It seems things are becoming increasingly desperate as more and more borrowers grapple with unaffordable mortgage payments. The latest involves a Long Island truck driver behind on his mortgage who executed an elaborate fake robbery in order to pocket...
  • Mortgage Insurance Volume Sinks Lower as Defaults Inch Higher
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Private mortgage insurance volume continued its slide in July as defaults crept higher and cures slowed, Mortgage Insurance Companies of America (MICA) reported. During the month, just 86,734 PMI applications were received, down from 90,886 in June and...
  • Fitch: $100 Billion in Options Arms to Recast in Next Two Years
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    Nearly $100 billion in option arms are expected to reset in the next two years, with more than half early recasts, a new report released today by Fitch Ratings revealed. Fitch expects about $29 billion to recast to significantly higher monthly payments...
  • Mortgage Applications Rise Nearly Eight Percent
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    It may not sound like a lot, but it’s the largest increase in about three months. Mortgage application volume finally chalked a clear gain, climbing 7.5 percent on a seasonally adjusted basis for the week ending August 29, according to the latest...
  • GMAC to Close 200 Retail Offices, Cease Lending at Homecomings Financial
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    GMAC’s Residential Capital announced today that it will close all 200 GMAC Mortgage retail locations and cease lending at its wholesale lending subsidiary Homecomings Financial. As a result of the closures, roughly 5,000 employees will lose their...
  • Foreclosure Homes Being Used as Illegal Immigrant Drophouses
    Published Thu, Sep 04 2008 9:47 AM by www.thetruthaboutmortgage.com
    An increasing number of homes on the brink of foreclosure are being used to house illegal immigrants near the U.S. border in Arizona, according to a report by the Republic. Struggling borrowers who are behind on mortgage payments and facing foreclosure...
« First ... < Previous 288 289 290 291 292
Home - About - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising - RSS - Link To This Page

All Content Copyright © 2003 - 2009 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.