Federal Reserve Initiates Emergency Rate Cut
October 11, 2008
Early this morning the Federal Reserve, in conjunction with the European Central Bank, Bank of England, and Swiss, Canadian and Swedish banks, initiated a ½ point global rate cut in an effort to calm roiling global financial markets.
A Solution That Works - Quicken Loans Chairman Dan Gilbert’s Proposal To Fix The Housing Crisis
October 11, 2008
We'd like to offer a solution for the housing crisis straight from the Quicken Loans Chairman, Dan Gilbert. For the full story and to get involved, please visit www.ASolutionThatWorks.com.
$700 Billion Bailout Approved With Some Changes
October 11, 2008
Early this week, it seemed like Congress would never come to an agreement about the much-buzzed-about financial bailout. But there was a meeting of minds today and one of the most historic Government moves of all time was set into place.
Uncle Sam Rescues Fannie Mae and Freddie Mac - Quicken Loans Podcast Series
October 11, 2008
Welcome to the latest in a new series of audio news stories from Quicken Loans Relationship Marketing Manager Mark Smith. Today's podcast is titled “Uncle Sam rescues Fannie Mae and Freddie Mac” and details the Federal Government's bailout of mortgage giants Fannie Mae and Freddie Mac.
In Spite of Low Mortgage Rates, Wall Street Worries Drive Down National Mortgage Activity
October 11, 2008
Mortgage rates have remained low, but ongoing financial unrest on Wall Street continues to have a negative impact on the national mortgage market.
Buying A Foreclosed Home. Good Investment or Risky Business?
October 11, 2008
With current market conditions spurring foreclosures, it only makes sense that buyers would want to take advantage of housing prices well under market value. But what’s the deal? Is this idea way too good to be true? Does buying a home that’s been foreclosed on make you a Good Investor or a Risk Taker? Here we'll explore the pros, cons and precautions to take when buying a foreclosed home.
Even With Lower Long-Term Mortgage Rates, New Home Sales Dip in Latest Report
October 11, 2008
The U.S. Census Bureau and the Department of Housing and Urban Development today announced that sales of new, single-family homes fell in the month of August, decreasing 11.5% from July’s numbers.
Existing Home Sales See Slight Decline, FHA Loans May Be Silver Lining
October 11, 2008
The National Association of Realtors announced today that existing home sales in August were down 2.2 percent as compared to July 2008.
Despite Falling Mortgage Rates, National Mortgage Applications Lower Last Week
October 11, 2008
Despite rates remaining low, the surge of applications from the previous week did not continue, according to a report released today by the Mortgage Bankers Association.
Wall Street vs. Main Street - What Will The Government’s Bailout Package Do For You?
October 11, 2008
To battle America's looming financial crisis, The Bush Administration has proposed a $700 billion package - but what's in it for you?