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...
Tue, Dec 18 2007, 8:00 AM
Housing starts took another dive in November, falling
another 3.7 percent from the revised October estimate of 1,232,000
starts. Even worse, the se...
Mon, Dec 17 2007, 8:00 AM
So-called FHA reform reached an important milestone
on Friday when the U.S. Senate overwhelmingly approved its version of the
legislation.
The...
Thu, Dec 13 2007, 8:00 AM
The U.S. House Judiciary signed off on Wednesday on a bill designed to
help certain bankrupt homeowners stay in those homes.
The highly controver...
Thu, Dec 13 2007, 8:00 AM
The two mortgage interest rate surveys upon which we
report each week showed big changes for long term rates during the week
ended December 6 and ...
Tue, Dec 11 2007, 8:00 AM
Late Monday, after the market closed of course, Washington
Mutual announced that, in an attempt to raise cash, it will
conduct a $2.5 billion conv...
Mon, Dec 10 2007, 8:00 AM
Plenty of people, including Matthew Graham, MortgageNewsDaily's op-ed
columnist, are talking about the practical realities of
Fri, Dec 7 2007, 8:00 AM
"Grumble, grumble, grumble," echoed loudly today across America after
The President, along with members of the Treasury, unveiled a "plan" to
help s...
Thu, Dec 6 2007, 8:00 AM
Several hours before President Bush announced the details of his
administrations plans to assist homeowners who are facing foreclosure the
Mortgage ...
Wed, Dec 5 2007, 8:00 AM
While it will continue to market Option One to possible buyers, HRB
has announced it will shut down the origination portion
of the business while ...
Tue, Dec 4 2007, 8:00 AM
Most of the mortgage bigwigs were in Washington, DC
on Monday, attending the National Housing Forum sponsored by the U.S.
Office of Thrift Supervi...
Mon, Dec 3 2007, 8:00 AM
If you don't have a TV, a radio, or a newspaper, you may have missed
all of the negative press surrounding the mortgage and
housing markets . The...
Fri, Nov 30 2007, 8:00 AM
It is sometimes hard to keep up with all of the housing surveys that
come from economic forecasters, trade associations, and the government
but one ...
Fri, Nov 30 2007, 8:00 AM
MSNBC, Reuters, and The Wall Street Journal were reporting early
Friday that the United States Treasury is about to
announce a plan to help some ...
Thu, Nov 29 2007, 8:00 AM
As usual the two monthly reports on home sales -
existing homes and newly constructed houses - were issued in lockstep on
Wednesday and Thursday a...
Wed, Nov 28 2007, 8:00 AM
Mortgage rates continued to decline by baby steps as
reported by Freddie Mac in its Primary Mortgage Market Survey. The 30-
year fixed-rate mortgage...
Wed, Nov 28 2007, 8:00 AM
The Associated Press was reporting early Wednesday that yet another
major mortgage bank "has finally bogged down in the mortgage muck that's
muddyin...
Tue, Nov 27 2007, 8:00 AM
The U.S. Council of Mayors released a devastating
report on the impact on member communities of the ongoing
housing market problems. The report, p...
Tue, Nov 27 2007, 8:00 AM
Washington, DC - Office of Federal Housing Enterprise
Oversight Director James B. Lockhart today announced the maximum 2008
conforming loan limit f...
Mon, Nov 26 2007, 8:00 AM
Senator Chuck Schumer (D-NY) sent a letter on Monday
to Ronald A Rosenfeld, Chairman of the Federal Housing Finance Board,
expressing his "serious ...
Mon, Nov 26 2007, 8:00 AM
It may be hard to remember now but there was a time when real
estate was fun , maybe even fun and games. It was in those long
ago days before falli...
Mon, Nov 26 2007, 8:00 AM
Late Monday morning one of Citigroup's analysts, Stephen Kim,
downgraded the entire homebuilding sector because he
could not find anything to sugg...
Wed, Nov 21 2007, 8:00 AM
