Thu, Aug 23 2007, 7:00 AM
IndyMac Bank announced today that it will resume
originating prime, single-family residential, full doc jumbo loans after
they temporarily reduced ...
Thu, Aug 23 2007, 7:00 AM
Several more big lenders joined the junk pile this week but there was
a piece of good news for the nation's largest mortgage
lender which managed ...
Wed, Aug 22 2007, 7:00 AM
The casualties continue to mount as Lehman Brothers announced today
that it will be shutting down its subprime mortgage lending unit, BNC
Tue, Aug 21 2007, 7:00 AM
PBS interviewed homeowners who said that their coverage had been
switched by their company from " full replacement "
to " extended replacement " cov...
Mon, Aug 20 2007, 7:00 AM
Several key players have rung in on the decision by the Office of
Federal Housing Enterprise Oversight (OFHEO) to retain limits on the
Fri, Aug 17 2007, 7:00 AM
Residential building permits and housing
starts continued to fall in July with the latter measure of the
nation's economic health dropping more ...
Fri, Aug 17 2007, 7:00 AM
As the list of mortgage lenders who have failed, are failing, or are
remaining very quiet about their status continues to grow the addition of
Thu, Aug 16 2007, 7:00 AM
"Interest rates on prime conforming fixed-rate mortgages eased further
in the past week, according to the Primary Mortgage Market Survey, even
Wed, Aug 15 2007, 7:00 AM
A recent survey of recent home buyers conducted by the National
Association of Realtors (NAR) pointed out a bunch of home
features that rank high ...
Tue, Aug 14 2007, 7:00 AM
It has been a long time since we mentioned the government mandated
site at which consumers can obtain one free credit
report a year from each of t...
Fri, Aug 10 2007, 7:00 AM
...The Federal Reserve also stepped up both Thursday and Friday,
pumping billions into the system. The Fed said it stood ready to provide
Thu, Aug 9 2007, 7:00 AM
Some interesting figures have been released by the Mortgage Bankers
Association which has announced that mortgage application
activity increased 8...
Wed, Aug 8 2007, 7:00 AM
American's are hooked on credit card rewards and
while those that give consumers free airline miles are pretty old hat,
lenders are constantly com...
Fri, Aug 3 2007, 7:00 AM
We don't usually cover the monthly report on pending home sales issued
by the National Association of Realtors� (NAR), concentrating instead on
Thu, Aug 2 2007, 7:00 AM
Mortgage rates continued to ebb and flow within a
narrow range last week; most rates are little changed from where they
were in late July 2006.
Wed, Aug 1 2007, 7:00 AM
After two days in which trading was suspended on the basis of
information about margin calls, shares in American Home Mortgage
(AHM) were again pu...
Tue, Jul 31 2007, 7:00 AM
The National Association of Home Builders sponsors an economic
publication for the housing industry which publishes at
HousingEconomics.com. In mid-...
Fri, Jul 27 2007, 7:00 AM
It's been a rough week for the housing market. Homebuilder confidence
is in the gutter, existing home sales fell substantially and the bad news
Thu, Jul 26 2007, 7:00 AM
There was mixed news on the existing housing front in last month. The
monthly survey by the National Association of Realtors (NAR) � showed the
Wed, Jul 25 2007, 7:00 AM
In perhaps the only good news in the mortgage and real estate worlds
this week, both long and short term interest rates for the week ended
July 19 b...
Tue, Jul 24 2007, 7:00 AM
...on Tuesday Countrywide reported a 33 percent drop in net income for
the second quarter and announced that payments were delinquent on nearly
Mon, Jul 23 2007, 7:00 AM
A lot of people are getting nervous about their mortgages, and some
have real reason to worry as they approach the reset
dates on their adjustable...
Fri, Jul 20 2007, 7:00 AM
The homebuilding industry is obviously in distress. But, in testimony
before the House Financial Services Committee, Federal Reserve Chairman
Thu, Jul 19 2007, 7:00 AM
Short-term adjustable rate mortgages (ARMs) were unchanged during the
last week, but longer term fixed and adjustable rate mortgages did move;
Wed, Jul 18 2007, 7:00 AM
An otherwise very smart real estate attorney once said to a
friend "Nobody understands dual agency." It seemed like a weird thing for
a lawyer to sa...
Tue, Jul 17 2007, 7:00 AM
At the end of June the five agencies that regulate federally chartered
banks and their subsidiary lending corporations issued final
guidance to th...
Mon, Jul 16 2007, 7:00 AM
Fri, Jul 13 2007, 7:00 AM
It seems that nary a week can pass without a subprime
disaster of some type. This week is no exception although there
was at least a bit of variet...
Thu, Jul 12 2007, 7:00 AM
According to the Freddie Mac Primary Mortgage Market Survey for the
previous week, long term interest rates were down for
the third week in a row....
Wed, Jul 11 2007, 7:00 AM
The Office of the Chief Economist of Freddie Mac issued its monthly
economic outlook for July on Monday and, in the narrative provided a
Tue, Jul 10 2007, 7:00 AM
The Mortgage Bankers Association released the results of two
surveys covering the mortgage world in the second half of 2006 on
Fri, Jul 6 2007, 7:00 AM
The Federal Reserve Board released the final statement of federal
regulatory agencies on subprime mortgage lending
recently. The release was done ...
Thu, Jul 5 2007, 7:00 AM
Mortgage rates decreased for the second week in a row
according to the results of Freddie Mac's Primary Mortgage Market Survey
for the previous wee...
Thu, Jul 5 2007, 7:00 AM
Another big mortgage corporation has sent out early warning signals
about its financial health in the wake of the virtual
collapse of the subprime...
Tue, Jul 3 2007, 7:00 AM
Every few years there is a calamitous fire high in loss of life that
pushes fire sprinkler systems into the public
discussion. Recently it was the...
Fri, Jun 29 2007, 7:00 AM
A few things have happened in the last few days that may ultimately
ease what many are calling an onrushing foreclosure train
Wed, Jun 27 2007, 7:00 AM
According to Freddie Mac's Primary Mortgage Market Survey for the
previous week, the market has rolled back a small portion of the large
Tue, Jun 26 2007, 7:00 AM
The National Association of Realtors can always be depended upon to
put the best face on housing news.
The monthly report on the sales of existin...
Mon, Jun 25 2007, 7:00 AM
Fri, Jun 22 2007, 7:00 AM
The Harvard Joint Center for Housing Studies recently released its
annual State of the Nation's Housing report for 2007. It is
Wed, Jun 20 2007, 7:00 AM
Interest rates as reported by Freddie Mac and those
published by the Mortgage Bankers Association (MBA) diverged sharply for
the week ending June 1...
Tue, Jun 19 2007, 7:00 AM
Two measures of the housing market were released this
week and each shows that, at best, builders are remaining cautious; at
worst they are showin...
Fri, Jun 15 2007, 7:00 AM
On Tuesday RealtyTrac released some pretty scary
numbers relating to foreclosures .
Results of the quarterly National Delinquency Survey conduc...
Thu, Jun 14 2007, 7:00 AM
We recently ran across this add on Craigslist:
" BORROW SOMEONE'S CREDIT SCORE WHILE WE FIX
You heard me... I'll get your score up to...
Wed, Jun 13 2007, 7:00 AM
Mortgage rates continued to climb during the week
ended June 7 according to the results of Freddie Mac's Primary Mortgage
Tue, Jun 12 2007, 7:00 AM
We said several weeks ago that a big believer in the value of Second
Life real estate is the very grounded-to-earth firm of Coldwell
Banker . We ...
Mon, Jun 11 2007, 7:00 AM
Two days, two economic forecasts; the first which we reported on
earlier from the National Association of Realtors (NAR) showed a rapid
Fri, Jun 8 2007, 7:00 AM
The National Association of Realtors has backpedaled
on previous housing forecasts with it U.S. Economic Outlook report for
June released on Wedne...
Thu, Jun 7 2007, 7:00 AM
As the problems with subprime mortgages continue to work through the
system, GreenPoint Mortgage , a subsidiary of
Capital One Financial has anno...