Thu, Feb 14 2008, 8:00 AM
After pitching upward the previous week long term interest
rates were flat during the week ended February 7 according to
the results of Freddie Ma...
Wed, Feb 13 2008, 8:00 AM
President George W. Bush is scheduled to sign H.R. 5140, better known
as the economic stimulus package into law on Wednesday.
The legislation ...
Tue, Feb 12 2008, 8:00 AM
..The new program dubbed Project Lifeline extends
earlier Hope NOW efforts to include those who are seriously delinquent
whether their problems ar...
Tue, Feb 12 2008, 8:00 AM
On CNBC Tuesday morning Warren Buffett announced that
he has offered to help out three bond insurers by offering a second level
of insurance on as...
Mon, Feb 11 2008, 8:00 AM
There are two small changes in the tax code this year that may benefit
some homeowners. The first change deals with the deduction of
premiums for ...
Fri, Feb 8 2008, 8:00 AM
In spite of declining house prices and tightening credit, Americans
are continuing to pull cash out of their homes according
to Freddie Mac's Cash...
Thu, Feb 7 2008, 8:00 AM
In a conference call/press conference on Thursday, the Conference of
State Bank Supervisors ( CSBS ) released its first report
on loss mitigation e...
Tue, Feb 5 2008, 8:00 AM
With the New Year it is interesting to look back to
the forecast issued in January 2007 and compare it with the January 2008
outlook which came ou...
Mon, Feb 4 2008, 8:00 AM
Freddie Mac has released a survey done in cooperation with Roper
Public Affairs and Media, a leading international market research firm
that shows ...
Thu, Jan 31 2008, 8:00 AM
Less than 48 hours after it was specifically named as a target of a
state investigation of major bond rating agencies and insurers,
MBIA announced...
Wed, Jan 30 2008, 8:00 AM
Mortgage interest rates for the week ended January 24
continued to fall and long term rates hit their lowest levels since the
spring of 2004 accord...
Tue, Jan 29 2008, 8:00 AM
As predicted, special interest groups are chiming in with suggestions
as to what the economic stimulus package proposed by the Bush
Administration a...
Tue, Jan 29 2008, 8:00 AM
RealtyTrac� an Irvine, California based firm that bills itself as
the "leading online marketplace" released its 2007 U.S. Foreclosure
Market Report ...
Mon, Jan 28 2008, 8:00 AM
One of the more colorful characters in the ongoing subprime drama has
given in to pressure and announced that he will forfeit
about $37.5 million ...
Mon, Jan 28 2008, 8:00 AM
The sales of new houses continued to decline in
December according to monthly data jointly released by the U.S. Census
Bureau and the U.S. Departm...
Thu, Jan 24 2008, 8:00 AM
Mortgage rates continued to fall during the week
ended January 17 according to the results of the Primary Mortgage Market
Survey released by Freddi...
Thu, Jan 24 2008, 8:00 AM
Reuter's news agency was announcing late Thursday morning that the
U.S. economic stimulus package being hammered out in Congress
would include a t...
Thu, Jan 24 2008, 8:00 AM
Despite the steadily dropping sales throughout the year, 2007 ended up
with the fifth highest sales of existing homes on record. 5,652,000
existing ...
Wed, Jan 23 2008, 8:00 AM
Wall Street has been gyrating as it considers the Bush
Administration's proposed economic stimulus plan and the Democrat
controlled Congress's respo...
Tue, Jan 22 2008, 8:00 AM
In a nearly unprecedented move the Federal Reserve
early Tuesday cut the Federal discount rate by .75 of a point, the
largest single rate cut in 2...
Fri, Jan 18 2008, 8:00 AM
The Mortgage Bankers Association ( MBA ) released
information Thursday on the role the mortgage industry
is playing in the current drive to help h...
Fri, Jan 18 2008, 8:00 AM
Now it begins. The President and the Chairman of the Federal Reserve
admitted on Thursday (whether belatedly or not is for others to
determine) that...
Thu, Jan 17 2008, 8:00 AM
As expected, Merrill Lynch became the umpteenth
financial institution to take record write-downs linked to the sub-prime
mortgage fiasco. The U.S....
Thu, Jan 17 2008, 8:00 AM
Freddie Mac has just released the results of its 24th Annual
adjustable rate mortgage (ARM) Survey .
The survey, a snapshot of the market taken d...
Thu, Jan 17 2008, 8:00 AM
Housing starts took another nose-dive in December
according to a joint release from the U.S. Census Bureau and the
Department of Housing and Urban ...
Wed, Jan 16 2008, 8:00 AM
Mortgage rates plummeted last week as week economic
reports, chiefly jobs and unemployment reports came in at the weakest
levels in several years. ...
Tue, Jan 15 2008, 8:00 AM
According to Reuters, the investment group said that Citi's "failure
to manage mortgage-related risk " cost shareholders $126
in share value when t...
Mon, Jan 14 2008, 8:00 AM
The National Association of Realtors ( NAR ) announced
on Monday that it is launching a new campaign , reaching
out to consumers "with the facts ab...
Sat, Jan 12 2008, 8:00 AM
Well there certainly are a lot of opinions in the news media out there
concerning the economy, lenders, recession, etc...
Let's just apply some co...
Fri, Jan 11 2008, 8:00 AM
...By late afternoon both Reuters and the Wall Street Journal were
reporting the rumor as fact, saying that Bank of America
was preparing to follo...
Thu, Jan 10 2008, 8:00 AM
Wednesday Goldman Sachs became the latest "authority" to say that the
United States may be slipping toward an outright
recession , and that the hou...
Thu, Jan 10 2008, 8:00 AM
The headlines read " Chairman Bernanke Says Fed
Ready to Cut Interest Rates as Needed." Well, not
exactly. What Federal Reserve Chairman Ben Bern...
Wed, Jan 9 2008, 8:00 AM
Interest rates were down significantly during the
week ended January 5, but the big news was the surge in mortgage
applications that welcomed in ...
Wed, Jan 9 2008, 8:00 AM
An administration official stated on Tuesday that the White House was
involved in discussions with mortgage industry officials about expanding
the c...
Wed, Jan 9 2008, 8:00 AM
Countrywide, the nation's largest mortgage lender, denied that there
was any truth to the rumors that it might seek bankruptcy protection but,
acco...
Tue, Jan 8 2008, 8:00 AM
According to a press release from the Conference of State Bank
Supervisors (CSBS) and the American Association of Residential Mortgage
Regulators (A...
Mon, Jan 7 2008, 8:00 AM
The credit scoring system is being tweaked again as Fair Isaac
Corporation, developer of the FICO credit score rolls out a new model
dubbed FICO 08...
Fri, Jan 4 2008, 8:00 AM
National City Corporation , one of the 10 largest
banks in the country, will eliminate 900 jobs. The cuts will affect
approximately one-seventh of t...
Thu, Jan 3 2008, 8:00 AM
Mortgage interest rates as reported by Freddie Mac
were only slightly changed if changed at all during the week ended
December 27 - the last full s...
Fri, Dec 28 2007, 8:00 AM
Sales of new single family houses dropped again in
November according to a joint report issued Friday by the U.S. Department
of Housing and Urban ...
Thu, Dec 27 2007, 8:00 AM
Mortgage rates were up slightly during the pre-
holiday week ended December 20 according to the Primary Mortgage Market
Survey conducted by Freddie ...
Wed, Dec 26 2007, 8:00 AM
The Standard & Poor's/ Case-Shiller home price index
for October, released on Wednesday, fell again for what is the 10th
consecutive month. The 6.7...
Fri, Dec 21 2007, 8:00 AM
The breakthrough came with the idea to freeze ARM
rates so that borrowers will not be subjected to the terms of
the agreements that they voluntari...
Thu, Dec 20 2007, 8:00 AM
RealtyTrac, Inc., a company that tracks delinquencies and foreclosures
was reporting Thursday that the number of foreclosure
filings in November w...
Thu, Dec 20 2007, 8:00 AM
Treasury Secretary Henry Paulson announced Monday
that he was in favor of temporarily lifting the dollar
limit on loans purchased by Freddie Mac...
Thu, Dec 20 2007, 8:00 AM
Two mortgage industry groups have weighed in on the
new mortgage...
Wed, Dec 19 2007, 8:00 AM
Mortgage
interest rates took a jump upward during the week ended December 13
and December 14 according to information released by Freddie Mac and t...
Wed, Dec 19 2007, 8:00 AM
Another major American financial institution went on the international
auction block Wednesday afternoon as Morgan Stanley
announced it was accept...
Tue, Dec 18 2007, 8:00 AM
The Federal Reserve's Board of Governors is expected to endorse
proposed rules developed by its staff for the banks it regulates that
would end some...
