Nov 29
Nobody thinks much about air conditioning this time of year. Heck, depending on where you live, your heat may already be on for the season and your flannel pajamas pulled out of storage.
Nov 29
As usual the two monthly reports on home sales -
existing homes and newly constructed houses - were issued in lockstep on
Wednesday and Thursday and while one was loudly proclaimed as an
indicator that things were still getting worse, the second contained a
germ of hope.
Nov 29
With the exception of the five-year treasury indexed hybrid adjustable
rate mortgage (ARM), mortgage
rates remained virtually unchanged for the second week in a row
according to the results of the Primary Mortgage Market Survey conducted
by Freddie Mac for the week ended November 15.
Nov 29
Some of the financial world may be hoping that Freddie
Mac and Fannie Mae are at least part of the
solution to the sub prime mess, but the two government sponsored
enterprises (GSEs) seem to have a propensity for getting into plenty of
trouble on their own.
Nov 29
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 falling housing starts, crashing real estate values, and
the sub-prime mortgage debacle consumed so many companies and jobs and so
much time, energy, and newsprint.
Nov 29
Late Monday morning one of Citigroup’s analysts, Stephen Kim,
downgraded the entire homebuilding sector because he
could not find anything to suggest that the residential housing market
would improve until the second quarter of 2008.
Nov 29
Senator Chuck Schumer (D-NY) sent a letter on Monday
to Ronald A Rosenfeld, Chairman of the Federal Housing Finance Board,
expressing his “serious concern over the lending practices of the Federal
Home Loan Bank of Atlanta, specifically in regard to the significant
volume of advances made to Countrywide Bank.”
Nov 29
Washington, DC - Office of Federal Housing Enterprise
Oversight Director James B. Lockhart today announced the maximum 2008
conforming loan limit for single-family mortgages purchased by Fannie Mae
and Freddie Mac (the Enterprises) will remain at the 2007 level of
$417,000 for one-unit properties for most of the U.S.
Higher limits apply to Alaska, Hawaii, Guam and the U.S. Virgin Islands
as well as to properties with more than one unit.
Nov 29
The U.S. Council of Mayors released a devastating
report on the impact on member communities of the ongoing
housing market problems. The report, prepared by Global Insight, an
economic forecasting firm, was presenting at a meeting of the Conference
attended by mortgage industry and community groups.
Nov 29
The Associated Press was reporting early Wednesday that yet another
major mortgage bank “has finally bogged down in the mortgage muck that’s
muddying one major bank after another.”
Nov 29
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 (FRM) averaged 6.20 percent with 0.5 point
during the week ended November 21. The previous week it averaged 6.24
percent with 0.4 point. One year ago the 30-year averaged 6.18
percent.
Nov 29
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in October increased 1.7 percent compared to Septemberâs numbers.
Nov 29
Wheat Germ Oil - 16 oz An excellent source of fatty acids and vitamin E. Promotes breeding performance, endurance, healthy skin and hair coat. Directions: Feed 1 ounce daily. - Bucket Boss Brand 54046 Layout Square Scabbard Customer Review: Solves a problem very well Most pouches don’t come […]