Home Prices Expected to Fall 30 Percent Before 2010
According to Moody’s Economy.com housing prices across the US are expected to fall more than thirty percent before it recovers.
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with outstanding customer service to give you a pleasant
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Archive for December, 2007
Mortgage Foreclosures Reach Record High
Today’s foreclosure rate as published by the Mortgage Bankers Association is bad news for the housing market.
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Posted by Ryan Fiore on Dec 06 2007 under Foreclosure, Housing Market
South Florida Mortgage Fraud Task Force Arrests Seven
As seven more have been arrested for mortgage fraud new legislation is being proposed to increase criminal penalties for people convicted of mortgage fraud.
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Posted by Ryan Fiore on Dec 05 2007 under Florida, Mortgage Fraud
Countrywide CEO Calls on Congress for Fannie & Freddie Cap Increase
Angelo Mozilo, Countrywide Financially CEO, announced today in an opinion piece in the Wall Street Journal that he felt Congress should increase Fannie Mae, Freddie Mac, and FHA loan limits to $625,000.
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George Bush to Help Struggling Homeowners
President George Bush is expected to announce tomorrow plans that will help borrowers struggling to pay their mortgage payments.
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Fannie Mae Cuts Dividends by 30% and Frees Up Assets
After today’s closing bell Fannie Mae announced that they will sell 7 billion dollars in preferred stock and cut it’s dividend 30 percent to gain capital throughout 2008.
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Negotions to Sell Option One Fall Through
H&R Block, the owner of the subprime home mortgage lender Option One Mortgage, announced today that the sale to Cerberus Capital Management was canceled.
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Posted by Ryan Fiore on Dec 04 2007 under Housing Market, Mortgage Lending
Henry Paulson Says Adjustable Rate Mortgage Deal in the Works.
Treasury Secretary Henry Paulson announced today that he is confident that there will soon be an agreement that will help homeowners avoid mortgage default by extending the fixed period on adjustable rate mortgages.
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