Releasing a statement on Friday, U.S. Treasury Secretary Henry Paulson
said that the focus was to back Fannie Mae and Freddie Mac “in their
current form”.
OWEN SOUND, British Columbia, July 11, 2008 — The Government of Canada, the Government of Ontario and the County of Grey today celebrated the start of construction of Bluewater Ridge, an affordable housing project that will provide 37 rental units for low-income families and individuals under the Canada – Ontario Affordable Housing Program.
Larry Miller, Member of Parliament for …
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.
There are many ways to celebrate the 4th of July while staying environmentally friendly - go green on the 4th!
The proposed housing stimulus package is moving it's way to the White House. But what does it mean for consumers?
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.
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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.
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.
Sometimes, it's the extra personal touches to your home that motivate buyers to make an offer.
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.
For the third day this week the stocks of Freddie Mac
and Fannie Mae took a hammerin’ on Wall Street and for
the second day major newspapers are speculating on their survival as
independent companies.
The Canadian employment report kicks off Friday’s events followed by
the release of the new housing price index and international securities
transactions for May, as U.S. markets prepare for the trade balance,
import prices index and the preliminary Michigan sentiment report for
July.
The U.S. monthly trade deficit unexpectedly shrank in
May to -$59.8 billion, with April’s deficit figure downwardly revised to -
$60.5 billion from a previously reported -$60.9 billion, the U.S. Census
Bureau reported Friday.
The preliminary consumer sentiment survey from
Reuters and the University of Michigan rebounded for the first time since
January, reaching a score of 56.6 in July from June’s reading of 56.4.