Apr 09
Dallas Fed President Richard Fisher said the rate
cuts delivered by the Federal Reserve have not been fully passed
on to borrowers during a speech in San Antonio, Texas.
Apr 09
According to a report released by the International Monetary Fund
(IMF) on Tuesday morning, total losses from the subprime
meltdown could reach up to $945 billion on the back of fears of
a deeper, more protracted crisis.
Apr 09
U.S. pending home sales surprised to the downside on
Tuesday morning, declining 1.9% month-over-month despite calls for a 1.0%
pullback in February.
Apr 09
On Monday it was rumored that a struggling Washington Mutual
(WaMu) would be getting a cash infusion of $5 billion from a
private equity firm to help it weather the subprime mortgage storm. On
Tuesday that amount had morphed to $7 billion in additional capital from
the sale of company stock.
Apr 09
Minutes from the Federal Open Market Committee’s March 18 meeting
revealed several members saw a risk of a “prolonged and
severe” downturn and that there had been “little indication” of
stabilization in the U.S. housing market.
Apr 09
Long-term interest
rates were generally slightly higher during the week ended April 3,
while short-term, variable rates drifted a bit lower.
Apr 09
Weekly mortgage applications in the United States
rebounded Wednesday morning according to data from the Mortgage Bankers’
Association, which said applications rose 5.4% in the week ending April
4.
Apr 09
The International Monetary Fund said in a World Economic Outlook
report that more rate cuts could be necessary from the
U.S. Federal Reserve.
Apr 09
Testifying before the House Financial Services Panel on Wednesday, he
said Fannie Mae and Freddie Mac need to increase their
capital and that he supports legislation on the two mortgage insurers and
the Federal Housing Administration.
Apr 09
Meanwhile, with the White House, the Federal Reserve, and Congress
including the Federal Housing Administration (FHA) as a lynchpin in their
various housing rescue plans, The New York Times is reporting that agency
is itself on shaky financial grounds.
Apr 09
This morning the Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending April 4, announced that the Market Composite Index, which measures mortgage loan application volume, increased 5.4 percent from one week earlier.
Apr 09
Why You Should Invest
Investing has become increasingly important over the years, as the future of social security benefits becomes unknown.
Apr 09
Testifying before the House Financial Services Panel on Wednesday, he
said Fannie Mae and Freddie Mac need to increase their
capital and that he supports legislation on the two mortgage insurers and
the Federal Housing Administration.
Apr 09
I have been contemplating a cross-country move from where I live in Arizona, to South Florida for the last couple of months now. I haven’t officially decided what to do, but I know that if I go, selling my house will probably not be easy. The market here has seen home prices dropping, and taking much longer to sell than in the past.
Apr 09
Long-term interest
rates were generally slightly higher during the week ended April 3,
while short-term, variable rates drifted a bit lower.
Apr 09
Weekly mortgage applications in the United States
rebounded Wednesday morning according to data from the Mortgage Bankers’
Association, which said applications rose 5.4% in the week ending April
4.
Apr 09
The International Monetary Fund said in a World Economic Outlook
report that more rate cuts could be necessary from the
U.S. Federal Reserve.
Apr 09
Ithaca, New York, 3 Bedroom Apartment On Bus lines one bath, car port, […]