Jul 10
According to Realtytrac’s most recent survey,
foreclosures in the United States are down 3.0% in June
compared to the previous month’s levels, but up 53% from the previous
year.
Jul 10
Financial news outlet CNBC was reporting early Thursday that
Freddie Mac and Fannie Mae, the two
corporations around which much of housing recovery has been structured,
may be technically insolvent.
Jul 10
In an effort to boost the struggling economy, Congress voted some months ago to raise the conventional home loan limits. In the past few weeks, the rates on the new “jumbo loans” have dropped considerably.
Jul 10
In today's economy, chances are you know someone, even a loved one, who may be struggling financially. If staying in the home they love is important, exploring the option of a reverse mortgage could be the key to making it all work.
Jul 10
FHA loan limits were raised by Congress and now include some loans that previously were labeled as Jumbo Loans. Folks looking to refinance or buy a home should take advantage of low housing prices and higher FHA loan values.
Jul 10
The pause was widely anticipated by financial markets, which were focused more on the language of the announcement to see what degree of concern the Fed has over rising inflation versus a struggling economy.
Jul 10
Sometimes, it's the extra personal touches to your home that motivate buyers to make an offer.
Jul 10
Congress has lifted the conforming loan limits in thousands of counties across the country. The government is allowing mortgage giants Fannie Mae and Freddie Mac to buy more — and larger – loans. And the FHA has rolled out its jumbo loan. So what does it all mean for you? Well, if you’re a homeowner, or even thinking about becoming one, you may just find it’s easier to get approved for a loan.
Jul 10
This morning the Mortgage Bankers Association (MBA) announced that overall mortgage activity, which includes applications for a mortgage to both purchase and refinance a home, increased 3.6 percent last week compared to the week prior.
Jul 10
There are many ways to celebrate the 4th of July while staying environmentally friendly - go green on the 4th!
Jul 10
The proposed housing stimulus package is moving it's way to the White House. But what does it mean for consumers?
Jul 10
This morning the Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending July 4, announced that the Market Composite Index, which measures mortgage loan application volume, increased 7.5% from one week earlier.
Jul 10
Initial claims for unemployment benefits in the
United States fell to 346k in the week ending July 5, following an
unrevised 404k in the previous week. Continuing claims rose to 3.202
million for the week ending June 28, the Department of Labor reported
Thursday.
Jul 10
The release of U.S. jobless claims and comments from Fed’s Yellen (non-
voter) will top the North American data releases. Markets will also be
paying attention to comments from European Central Bank President Trichet
in the afternoon.
Jul 10
Testifying before the House Committee on Financial Service, Federal
Reserve Chairman Ben Bernanke called for the consolidated
supervision of investment banks and the creation of a tool to
liquidate failed financial firms.
Jul 10
Testifying before the House Committee on Financial Services, Treasury
Secretary Henry Paulson said financial firms must be allowed to
fail.
Jul 10
The U.S. officials may need to bail out the two government-sponsored
enterprises responsible for insuring mortgages, a former Federal Reserve
president said.