Government programs don't help the market, one economist says, because they don't "get rid of the fundamental problem: There's still a glut of houses.”
Wednesday, 18 Nov 2009 | Source: Reuters
Ambac Financial said on Wednesday that the statutory capital of its main unit was well above a regulatory minimum at the end of the third quarter, easing concerns that the company would fall short of funds and be at risk of being taken over by state officials.
Wednesday, 18 Nov 2009 | Source: Reuters
U.S. mortgage applications fell last week, with demand for home purchase loans dropping to a 12-year low even as interest rates on 30-year loans fell to their lowest level in six months, data from an industry group showed on Wednesday.
Wednesday, 18 Nov 2009 | Source: Reuters
US homeowner confidence varied significantly by region in the third quarter as home values in parts of the country stabilized while others saw declines, real estate website Zillow.com said on Wednesday.
Tuesday, 17 Nov 2009 | Source: Reuters
Unless employment picks up soon, the housing market isn't strong enough to recover without government help, experts say.
Tuesday, 17 Nov 2009 | Source: The Associated Press
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
Monday, 16 Nov 2009 | Source: Reuters
GMAC Chief Executive Al de Molina has resigned, and will be replaced by Michael Carpenter, the troubled lender said Monday.
For individual homeowners, being “underwater” on a mortgage – when a home is worth less than outstanding debt, or has “negative equity” – is one of the worst positions to be in, short of foreclosure.
Friday, 13 Nov 2009 | Source: The Associated Press
The percentage of homes bought in the United States by first-time buyer will rise significantly this year, helped by a popular $8,000 tax credit, the National Association of Realtors predicted Friday.
Thursday, 12 Nov 2009 | Source: Reuters
Capital reserves of the Federal Housing Administration have fallen well below legally required levels, due to significant losses on home loans made before this year, Housing and Urban Development Secretary Shaun Donovan said on Thursday.
Thursday, 12 Nov 2009 | Source: Reuters
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under "most economic scenarios."
Thursday, 12 Nov 2009 | Source: CNBC.com
The 30-year fixed-rate mortgage averaged 4.91 percent for the week ending November 12, 2009, down from last week when it averaged 4.98 percent, according to Freddie Mac.
Thursday, 12 Nov 2009 | Source: Reuters
Refinancing drove total U.S. mortgage applications higher last week as fixed borrowing costs fell further below 5 percent, but home purchase demand sank to a nine-year low, an industry group said on Thursday.
Foreclosure rates fell for the third consecutive month in October, but remained sharply higher than a year ago, according to a new report, with analysts cautioning that the improvement was at best temporary.
Wednesday, 11 Nov 2009 | Source: Reuters
Moody's Investors Service on Wednesday raised its rating on Nasdaq OMX to investment grade from junk status, citing success in diversifying revenues, integrating mergers and boosting profits.
Posts |
TOPIC : Mortgages
19 Nov 2009
While you may think the economy is improving a bit -- and that government assistance has had an impact -- the foreclosure crisis is not.... Read More
4 Nov 2009
An interesting article in the Wall Street Journal today about Wells Fargo & Co... Read More
3 Nov 2009
Posted By:CNBC Guest Blog
The most commonly misunderstood narratives emerging from last year’s financial upheaval are that the crisis was caused by big banks, and that the crisis started with the failure of one big bank in particular – Lehman Brothers... Read More
2 Nov 2009
Posted By:CNBC Guest Blog
When Larry Summers, the President's Director of the National Economic Council, convenes the Obama administration's top economic officials this afternoon, they'll have no shortage of issues on the agenda: job losses, tepid growth, skyrocketing deficits, a weakening dollar, and tax increases just to name a few.... Read More
VIDEO | TOPIC : Mortgages
A check on the housing market and debating whether there is a recovery, with Joseph LaVorgna, Deutsche Bank; Mort Zucker...
Assessing whether the opportunity to invest in gold has passed, with Jeffrey Christian, CPM Group.
"It's been the mortgage business that has held the (UK housing) market back. People haven't been able to buy and I suspe...
Josh Kosman, author of 'The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis,' and the NY P...
Another 20% decline in the UK housing sector is "certainly not beyond the realms of possibility," Andrew Clare from Cass...
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