Wed, Mar 19 2008, 7:00 AM
"Average mortgage rates were up for all loan products reported," said
Frank Nothaft , Freddie Mac vice president and chief
economist. "However, for...
Wed, Mar 19 2008, 7:00 AM
Thornburg Mortgage said that five lenders have agreed
to a deal where no further margin calls will be made in return for its
compliance with a laun...
Wed, Mar 19 2008, 7:00 AM
OFHEO announced a major initiative in cooperation with the two
government sponsored enterprises (GSEs) to increase, by perhaps as much
as $200 billi...
Tue, Mar 18 2008, 7:00 AM
Due to some feedback from our article on the
new GFE
and YSP , we wanted to try...
Tue, Mar 18 2008, 7:00 AM
Housing starts and the pulling of construction
permits continued to decline in February according to a
monthly report issued by the U.S. Census B...
Mon, Mar 17 2008, 7:00 AM
PMI Group reported a record loss of $1.01 billion or
$12.51 a share for the fourth quarter of 2007.
The losses were tied both to the growing rate...
Mon, Mar 17 2008, 7:00 AM
The news wasn't surprising but the price tag was a real
stunner .
On Sunday J.P. Morgan chase agreed to pay $2 per
share to acquire failing Wa...
Mon, Mar 17 2008, 7:00 AM
The Federal Reserve had a busy weekend.
The Fed announced a new lending program aimed at the
20 large investment banks that serve as "primary ...
Fri, Mar 14 2008, 7:00 AM
On Friday HUD released a proposed mortgage reform
package designed to help consumers better understand the terms
of the loans they are considering...
Thu, Mar 13 2008, 7:00 AM
Life for Carlyle Capital has gotten even worse than
we reported last week and by Thursday morning it appeared that the hedge
fund would not surviv...
Thu, Mar 13 2008, 7:00 AM
Treasury Secretary Henry M. Paulson, Jr. Thursday released
recommendations from the President�s Working Group on Financial Markets
(PWG.)
To add...
Wed, Mar 12 2008, 7:00 AM
Mortgage interest rates made substantial moves during
the week ended March 6 and 7, but according to surveys conducted by
Freddie Mac and by the Mo...
Tue, Mar 11 2008, 7:00 AM
The statistics are all over the place, but it is clear that not only
are mortgage delinquencies and foreclosures skyrocketing, but millions of
homeo...
Mon, Mar 10 2008, 7:00 AM
First, The Wall Street Journal reported that
Countrywide Mortgage and Wells Fargo
and Company were under investigation by the Attorney General o...
Mon, Mar 10 2008, 7:00 AM
Three executives from major mortgage industry companies were on the
hot seat Friday. The committee, headed by Rep. Henry Waxman, questioned
Angelo ...
Fri, Mar 7 2008, 8:00 AM
Yet another program to help homeowners who are delinquent on their
mortgages was announced last week by Fannie Mae .
HomeSaver provides funds ...
Fri, Mar 7 2008, 8:00 AM
The Carlyle Fund announced this week that it had
failed to meet margins calls on its $21.7 billion portfolio. The
second company, Thornburg Mo...
Thu, Mar 6 2008, 8:00 AM
The chief economists of the National Association of Realtors�
( NAR ) on Thursday predicted that sales of
existing homes will probably remain flat...
Thu, Mar 6 2008, 8:00 AM
The Federal Reserve on Thursday announced that, in 2007, American
ownership in their homes as measured by equity fell below 50 percent for
the first...
Wed, Mar 5 2008, 8:00 AM
Mortgage rates continued to move upwards during the
week ended February 28 according to the Primary Mortgage Market Survey
report released by Fredd...
Wed, Mar 5 2008, 8:00 AM
At least there will be some people who will not suffer unduly from the
subprime mortgage mess - even if they played a role in creating it.
The Wal...
Tue, Mar 4 2008, 8:00 AM
The Hope Now Alliance , a coalition of 25 of the
largest mortgage servicers in the country, released a progress report on
Monday on its operations ...
Mon, Mar 3 2008, 8:00 AM
New York Attorney General Andrew M. Cuomo announced an agreement on
Monday between his office and Freddie Mac and
Fannie Mae under which the two...
Mon, Mar 3 2008, 8:00 AM
The National Association of Home Builders ( NAHB ) has
called on Congress to quickly enact a second round of
economic stimulus programs directed a...
Fri, Feb 29 2008, 8:00 AM
Freddie Mac and Fannie Mae may have
gotten
good news from their reg...
Thu, Feb 28 2008, 8:00 AM
Bloomberg News reported on Wednesday that Fannie Mae
is proposing to ban the use of appraisals by a lender's
employees or those arranged by mort...
Thu, Feb 28 2008, 8:00 AM
I can't decide what was more troublesome yesterday: the
comically uninformed questions put to Big Ben regarding
mortgage rates, or the comically ...
Wed, Feb 27 2008, 8:00 AM
Wed, Feb 27 2008, 8:00 AM
The Census Bureau and the U.S. Department of Housing and Urban
Development jointly released their monthly report on new home sales early
Wednesday m...
Tue, Feb 26 2008, 8:00 AM
Two reports on house prices were released on Tuesday
and neither was happy news for homeowners or for the real estate
industry.
The S&P/Case S...
Tue, Feb 26 2008, 8:00 AM
Despite the many programs gearing up or in place to help homeowners
resolve problems with their mortgages, foreclosure related
activities continue...
Mon, Feb 25 2008, 8:00 AM
Existing-home sales including single family
residences, condominiums, townhomes, and co-ops continued to move
downward in January, as did their med...
Fri, Feb 22 2008, 8:00 AM
California Governor Arnold Schwarzenegger has announced a massive
program to address a number of aspects of the housing slump in the state
which has...
Thu, Feb 21 2008, 8:00 AM
The interest rates on fixed rate mortgages (FRM) were
up during the week ended February 14 according to the results of Freddie
Mac's Primary Mortg...
Wed, Feb 20 2008, 8:00 AM
Housing starts and building permits
continue to lag far behind the numbers recorded one year ago according to
monthly data issued on Wednesday by...
Wed, Feb 20 2008, 8:00 AM
Tourists have long used home swaps as a way to save
money and escape the blandness of hotel rooms; trading use of a house on
the beach in Florida ...
Tue, Feb 19 2008, 8:00 AM
Even as the stock prices of investment banks began to fall and
foreclosures started to rise, everyone knew what was coming next.
Lawsuits!
So...
Tue, Feb 19 2008, 8:00 AM
A week ago six of the major mortgage servicers involved in the Hope
Now alliance announced that they would be offering a
pause in foreclosure proc...
Fri, Feb 15 2008, 8:00 AM
It took a while to saddle up the horses, but now it seems as though
everyone is riding to the rescue.
Senate Democrats Thursday announced The For...
Thu, Feb 14 2008, 8:00 AM
The National Association of Realtors � (NAR) has
insisted for years, and insisted adamantly since the "bubble" started to
burst, that real estate, ...
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...
