Apr 04
FHA will continue to make a comeback in the near future as more and more borrowers realize it’s a viable and secure mortgage option.
Apr 04
U.S. nonfarm payrolls fell for the third consecutive month, with the
U.S. Labor Department reporting that the U.S. lost 80k
jobs in March. The unemployment rate rose to 5.1% in March,
higher than the expected 5.0% and above the previous rate of 4.8%.
Apr 04
Under the Fed’s new primary dealer credit facility, investment
banks borrowed $10.341 billion from the discount window for the
week ending April 2, the Federal Reserve reported Thursday. Also, $92.658
billion was borrowed by dealers under the Term Securities Lending
Facility (TSLF).
Apr 04
U.S. economic growth is likely to be sluggish in 2008, dragged down by
an ailing housing sector that is not likely to recover
in the near future, said head of the San Francisco Fed Janet Yellen (non-
voter) on Thursday evening. However, the Fed will continue to act in
a “firm and timely manner” to address the situation, she promised.
Apr 04
The third candidate to outline his plans for ending the housing market
meltdown was Senator Barack Obama.