Mortgage Applications Slide Down 7.6 Percent Last Week
According to the Mortgage Bankers Association’s weekly application survey new mortgage applications were down 7.6 percent during the week ending December 21st.
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Archive for the 'Housing Market' Category (Chronologically Listed)
October Home Prices Suffer Record Drops
A national home price gauge released today showed that prices of existing single-family homes recorded their biggest annual drop in October.
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MBIA Announces High Mortgage Exposure
MBIA Inc, the world’s largest bond insurer, announced today that it had guaranteed 8.1 billion dollars of the riskiest mortgage securities
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Posted by Ryan Fiore on Dec 20 2007 under Bad Credit, Housing Market, Investing in Real Estate, Mortgage Lending
Bush Signs off on a Bill that Gives Relief to Struggling Homeowners
President Bush announced today that he signed into law a bill that will waive taxes for many homeowners that must restructure their mortgages as they face foreclosure.
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NovaStar CEO to Retire
NovaStar Financial announced late today that Scott Hartman, Chairman, CEO, and Co-Founder of Novastar, will leave the company to retire.
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Posted by Ryan Fiore on Dec 19 2007 under Housing Market, Mortgage Lending
New Single Family Construction at a 16 Year Low
New home construction in the US fell 3.7 percent in November putting construction of single family homes at the lowest level in more than 16 years.
Posted by Ryan Fiore on Dec 18 2007 under Home Builders, Housing Market
The House Passes Tax Relief for Homeowners
Today the House passed on a legislation that will help homeowners that have to restructure their mortgages to avoid foreclosure.
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Federal Reserve Endorses New Protection Plan for Homeowners
Today the Federal Reserve announced that they would endorse new rules that will give people taking out home mortgages protection against shady lending practices.
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Posted by Ryan Fiore on Dec 18 2007 under Adjustable-Rate Mortgages, Federal Reserve, Foreclosure, Housing Market
FHA Secure Program Helps a Whopping 266 Borrowers
According to government data released today the FHA secure program released by President George W. Bush in August has helped just 266 borrowers since it’s creation.
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H.R. 3915 Mortgage Reform Legislation
I’m writing this post out of the recent disgust that I have for recent policy maker decisions. These decisions are being made for “the benefit” of everyone, when more realistically they are knee jerk reactions by poorly informed politicians looking to make a name for themselves.
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Posted by Ryan Fiore on Dec 14 2007 under Housing Market, Mortgage Lending