Nov 15
As expected, the House Financial Services Committee passed
HR3915 out of committee to the full House of Representatives
with a favorable vote of 45 to 19.
Nov 15
Mortgage rates fell last week to their lowest point
in nearly six months according to the results of Freddie Mac’s Primary
Mortgage Market Survey for the week ended November 1.
Nov 15
New York State Attorney General Andrew Cuomo’s recently announced
investigation of eAppraiselT, a division of First American reverberated
throughout financial markets on Wednesday, contributing to a 361 point
loss on Wall Street.
Nov 15
I’m not going to rewrite the HR 3915 bibles that have
already been written. This article will simply collate the most valuable
information available on the bill at this time and of course you will get
my opinion after I give you the facts.
Nov 15
James B. Lockhart, III, Director of the Office of Federal Housing
Enterprise Oversight (OFHEO) took the New York State
Attorney General to task Thursday for involving Freddie Mac and Fannie
Mae in his investigation of subprime lending.
Nov 15
The Federal Reserve has released the October 2007 Senior Loan
Officer Opinion Survey on Bank Lending Practices which addresses
changes in the supply of and demand for bank loans both to businesses and
consumers over the previous three months which, we presume, corresponds
to the third quarter of 2007.
Nov 15
It has long since passed the point where the downgrade of a company’s
credit rating or an announcement of reduced earnings because of problems
with mortgages or with mortgage-backed securities stuns anyone. However,
on Monday there were particularly dire warnings about
E-Trade, the on-line brokerage firm, which is apparently
heavily invested in sub-prime mortgages in its own
portfolio.
Nov 15
It is one of the small ironies of the subprime crisis
that the very competition that private mortgage insurers thought was
ruining their bottom line may have actually saved their hide.
Nov 15
No matter what you may think about Zillow, the
Seattle-based real estate firm and its somewhat crazy approach to the
market, credit must be given for its constant innovation.
Nov 15
Both long and short term interest rates dropped slightly last week
according to Freddie Mac’s Primary Mortgage Market Survey for the week
ended November 8.
Nov 15
VICTORIA, British Columbia, November 15, 2007 — Demand for homeownership will keep housing starts and existing home sales at above-average levels in BC and Victoria, and push new and existing home prices higher in 2008.
Nov 15
WaMu Troubles Mount While Fortunes and Stock Tumble
New York State Attorney General Andrew Cuomo’s recently announced investigation of eAppraiselT, a division of First American reverberated throughout financial markets on Wednesday, contributing to a 361 point loss on Wall Street. The huge sell-off was helped along by a gloomy forecast by Washington Mutual (WaMu), one of the principal actors in the Cuomo investigation. In a conference with its investors WaMu revealed that its short term fortunes were even worse than it had earlier predicted. Meanwhile, the Cuomo investigation continued. Yesterday Cuomo announced… Read More Now
Nov 15
What The real estate Inspection Process Involves by Geri Mason When buying any piece of real estate there are many details of the process that may come as a shock to you. One of these details is the inspection of the real estate that you are interested in buying. If you think that you are ready to buy a […]