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...
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 ...
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...
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...
