Federal Reserve Cuts Rates .75% Today
The Federal Reserve announced today at 2:18 PM that they would cut the key funds rate by .75% to 2.25% which was less than expected.
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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 'Mortgage Lending' Category (Chronologically Listed)
Bond Insurers Fight To Keep Triple-A Ratings
As troubled bond insurers like MBIA and Ambac fight to maintain their triple-A ratings, officials at these firms are pondering how their businesses might look if they do indeed get downgraded.
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Patrick M Parkinson on Bond Insurance
Patrick M Parkinson, the Deputty Director for the Division of Research and Statistics, spoke today regarding the problems that bond insurance companies are facing.
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Ben Bernanke on the Economy and Financial Markets
Ben Bernanke spoke today at the Committee on Banking, Housing, and Urban Affairs regarding the economy.
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Posted by Ryan Fiore on Feb 14 2008 under Ben Bernanke, Federal Reserve, Housing Market, Mortgage Lending
Congressional Budget Office Waves off Recession Woes
The Congressional Budget Office stated today that they forecast that the slowing economy will not sink into an election year recession, and that an economic rebound is likely beginning next year as housing and financial market turmoil fades.
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Posted by Ryan Fiore on Jan 23 2008 under Housing Market, Mortgage Lending
Mortgage Applications Up Another 8.3 Percent Last Week
The Mortgage Bankers Association reported today that due to lowering interest rates more homeowners have been seeking refinance mortgages.
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Posted by Ryan Fiore on Jan 23 2008 under Mortgage Applications, Mortgage Lending
Bank of America buys out Countrywide Financial
This acquisition is another major investment for Bank of America who has spent more than $100 billion since 2004 becoming the second largest bank.
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Mortgage Applications Fly Up 32% Last Week
According to the Mortgage Bankers Association mortgage applications flew up 32.2 percent last week ending with January 4th.
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Posted by Ryan Fiore on Jan 10 2008 under Mortgage Applications, Mortgage Lending
Mortgage Applications Down 11.6 Perecent Last Week
The Mortgage Bankers Association reported today that mortgage applications fell a seasonally adjusted 11.6% in the last week of 2007.
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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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