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All Tags » federal reserve » FHA (

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Foreclosures Must Be Averted for Sake of Economy

Fed Chairman Ben Bernanke said accelerating rates of foreclosures and delinquencies can have a significant impact on the economy and called for more to be done in order to prevent them. Speaking Monday night at the Columbia Business School's 32nd annual dinner, Bernanke said the rate of foreclosures...

Posted to MND NewsWire by Glenn Setzer on Tue, May 6 2008
Filed under: Filed under: Freddie Mac, Fannie Mae, Federal Reserve, FHA, foreclosures, ben bernanke, mortgage market
Fed's Kroszner Says Foreclosures to Increase in '08, Urges FHA Modernization

In order to prevent more foreclosures, Fed Governor Randall Kroszner said lenders should lower mortgage rates and reduce principal for borrowers whose home prices have dropped below their loan values. Testifying before the House Financial Services Panel on Wednesday, Kroszner urged Congress to move quickly...

Posted to MND NewsWire by Glenn Setzer on Wed, Apr 9 2008
Filed under: Filed under: mortgage rates, Freddie Mac, Fannie Mae, Federal Reserve, FHA, mortgage lenders
Senator Obama Lays out Housing Policy - Third in a Series

Also Read : Clinton Housing Plan - McCain Housing Plan The third candidate to outline his plans for ending the housing market meltdown was Senator Barack Obama . Speaking at Cooper Union in New York recently the senator addressed the need for tightening regulations and reforming the financial regulatory...

Posted to MND NewsWire by Glenn Setzer on Fri, Apr 4 2008
Filed under: Filed under: Mortgage Fraud, Federal Reserve, FHA, credit crunch, foreclosures, housing crisis, bankruptcy, barack obama

Page 1 of 1 (3 items)

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Mortgage Rates:

30 Yr FRM 3.89%
|
15 Yr FRM 3.26%
|
Jumbo 30 Year Fixed 4.11%

MBS Prices:

30YR FNMA 4.5 106-22 (0-02)
|
30YR FNMA 5.0 108-01 (0-01)
|
30YR FNMA 5.5 108-28 (0-00)

Recent Housing Data:

Mortgage Apps 23.07%
|
Refinance Index 26.40%
|
Purchase Index 10.33%

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