Mortgage Applications at the Highest Level Since July 2005
Despite a jump in borrowing costs US mortgage applications rose last week to the highest level since July 2005.
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with outstanding customer service to give you a pleasant
experience with your refinance, home equity loan, or new home purchase.
That is the Mortgage Foundation difference.
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Archive for the 'Housing Market' Category (Chronologically Listed)
Fannie Mae Prepared for 2008
Fannie Mae’s Chief Executive Officer Daniel Mud announced today that they had enough capital to weather a negative housing market through 2008.
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Posted by Ryan Fiore on Dec 11 2007 under Fannie Mae, Housing Market
Wall Street Expects the Federal Reserve to Cut Rates Tomorrow
The Federal Reserve is expected to cut the benchmark funds rate by an estimated .25 percent tomorrow as the credit market has put stress on the economy.
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Posted by Ryan Fiore on Dec 10 2007 under Federal Reserve, Housing Market, Mortgage Lending, Mortgage Rates
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
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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Ben Bernanke Speaks About National and Regional Economic Overview
Joining in on the earlier Federal Reserve member’s speech, Federal Reserve Chairman Ben Bernanke spoke today at the Charlotte Chamber of Commerce about the credit market and monetary policy.
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Frederick Mishkin Discusses the New Federal Reserve Strategy
In accordance to the Congressional mandate to make the Federal Reserve more transparent in sharing information with the public the Fed announced several changes that were made on November 14th.
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