Plunkett's Banking, Mortgages & Credit Industry Almanac 2010: Banking, Mortgages & Credit Industry Market Research, Statistics, Trends and Leading Companies ... Mortgages and Credit Industry Almanac)
Law Blog - WSJ.com (Free subscription) | 11 hours ago
Mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae (rose to the highest levels of the year on strong demand from investors seeking a safe haven as the year draws to a close.
Philadelphia Inquirer (Free subscription) | 12 hours ago
Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.
Market Watch (Free subscription) | 17 hours ago
Applications for mortgages to buy homes rise in the latest week, but the volume of filings to refinance existing loans drops, according to the Mortgage Bankers Association’s survey. Rates charged on home loans are flat to lower in the latest week.
SeekingAlpha.com (Free subscription) | yesterday
Tim Iacono submits: Splashed across the front page of today's Wall Street Journal is this story about how almost 11 million homeowners in the U.S. - nearly one-quarter of all homeowners with mortgages - now owe more than their house is worth. Also, the very cool interactive graphic shown below along with a sortable table is well worth poking around at a little in order to learn more (not here, at...
Market Watch (Free subscription) | 14 hours ago
Rates on 30-year fixed-rate mortgages averaged 4.78% this week, matching an all-time low. Two other loan types also fell to record lows.
Market Watch (Free subscription) | 14 hours ago
SAN FRANCISCO (MarketWatch) -- Freddie Mac said Wednesday the 30-year fixed-rate mortgage average fell for the fourth week in a row to 4.78% with an average 0.7 point for the week ending Nov. 25. In the previous period, the average was 4.83%, and the year-ago average was 5.97%. "Interest rates for 30-year fixed-rate loans are currently 0.8 percentage point below this year's peak set in mid-June,...
PR News Wire (Free subscription) | yesterday
BIRMINGHAM, Ala., Nov. 24 /PRNewswire-FirstCall/ -- Superior Bank, one of Alabama's leading home mortgage lenders and the major subsidiary of Superior Bancorp (Nasdaq: SUPR) announced today that it plans to double its mortgage banking operation by adding more than 60 people to its existing operation in Alabama. "We feel there is a tremendous opportunity in both Alabama and Florida not only to...
iStockAnalyst.com (Free subscription) | yesterday
The government sponsored version of subprime expert New Century reported October numbers, and they were not pretty. The bankrupt lender of 3.5% down housing loans saw its total mortgage portfolio rise to $2.244 trillion, thanks to the Fed which keeps on buying whatever crap FRE spews off the conveyor belt, now that even PIMCO is running far from that radioactive sludge. Total single-family delinquencies...
CNNMoney.com (Free subscription) | yesterday
In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
Financial Times (Free subscription) | yesterday
Buy-to-let mortgage specialist is poised to resume lending to new customers following its withdrawal from the market due to the collapse in the wholesale market for securitised mortgages
SeekingAlpha.com (Free subscription) | 8 hours ago
Sold At The Top submits: The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages, 1 year ARMs as well as application volume for both purchase and refinance applications. The purchase application index has been...
FelixSalmon.com (Free subscription) | 7 hours ago
John Carney is right: a very large number of Americans is always going to be financially illiterate, and there's nothing we can do about it. Indeed, if we try too hard to do something about improving financial literacy, there's a good chance we'll only end up creating a new cohort of overconfident financial illiterates who think they understand things when they don't. This is why we need a Consumer...
iStockAnalyst.com (Free subscription) | 15 hours ago
Heh Ben, how's that sphincter (pick which one) feel about now? NEW YORK (Reuters) - Fannie Mae (FNM.N), shrunk its gross mortgage portfolio by an annual rate of about 28 percent in October and delinquencies on loans it guarantees rose sharply in September, the largest U.S. home funding company said on Tuesday. [More...]
Urbanomics (Free subscription) | yesterday
In a series of excellent recent posts, Paul Krugman has nicely indicated why the US public debt and inflation are not the concerns , and unemployment and deflation is the more imemdiate challenge. As share of GDP, while the US debt has been rising, it is still comfortably placed compared to the high rates the Japanese and Italian governments have been running for the past few years. The chart below...
Market Wire (Free subscription) | yesterday
LOUISVILLE, KY (MARKET WIRE) (NYSE Amex: NLP) - NTS Realty Holdings Limited Partnership (the "Company"), through 8 newly formed wholly-owned subsidiaries, has executed a Mortgage Loan Application (the "Application") with Holliday Fenoglio Fowler, L.P. ("HFF") for 8 mortgage loans under The Federal Home Loan Mortgage Company ("Freddie Mac") CME Program to refinance...
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paisano1 | 02/04/2009
By Guest Author Michael White We cannot start our recovery until we have completed our bankruptcy. Go ahead now and do the denial, anger, bargaining, and depression. Open the window and scream. Then put the fate of the world ahead of the obvious reasons we shouldn’t do this. Yes, we will reward a carnival of bad behavior and make people believe they can get away with it. Should we chose massive global
mitigationonline | 01/30/2009
The prospect of a can be daunting and painful, it is crucial to be made aware of your state’s laws and guidelines to best serve your interests, regardless of whether or not you wish to remain in your home. Following is a list of information for those who live in Colorado; other states can be researched on our website as well, http://www.mitigationonlineconsultants.com . Quick Reference guide for Colorado:...
pmorrisson | 01/28/2009
How refinancing can help stop a foreclosure Refinancing could help improve a bad credit rating if you handle the money wisely. Refinancing is attractive because it usually has a lower annual percentage rate (APR) than other forms of credit. Refinanci...
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