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Consumer Mortgage ReportsConsumer Mortgage ReportsAll the latest mortgage news, videos, information, where to get your mortgage, when to get a mortgage, where to find your best interest rates, articles and editorials. Articles
Bear Stearns CEO On The Hot Seat
2008-04-06 02:40:00 Bear Stearns CEO Alan Schwartz was in the hot seat on Capitol Hill as lawmakers review rescue plan. In the days leading up to the fire sale of investment bank firm Bear Stearns, the company was the topic of rumors, speculation and fear that led the venerable Wall Street firm to the brink of ruin. ... More About: Seat , Federal Reserve , Ben Bernanke , Bear Stearns
Mortgage Aid Proposed
2008-04-04 07:46:00 The Senate has pieced together a rescue plan for homeowners facing foreclosure, offering states money to help them refinance their subprime mortgage loans. Wyatt Andrews reports. mortgage news, Mortgage Resets, Mortgage Video
Secretary Paulson Proposes Financial Overhaul
2008-03-31 20:14:00 Big changes are in store for the U.S. financial system. Treasury Secretary Henry Paulson announced a list of goals earlier today that include a broad expansion of the Federal Reserve ’s powers. Under Paulson’s plan, the Fed would essentially serve as a financial markets moderator. If enacted, the changes would reportedly be largely invisible to consumers but ... More About: Financial
Paulson: Leave ?Underwater? Solutions to Bush
2008-03-27 19:22:00 Congress should complete action on a Federal Housing Administration modernization bill and leave it to the Bush administration to find ways to help borrowers with “underwater” mortgages, Treasury Secretary Henry Paulson said Wednesday in a major policy speech. “We do not need a system wide solution for the vast majority of loans where the homeowner has ... More About: Leave , Solutions , Underwater
JPMorgan?s Revised Bid for Bear Stearns - They Stole It
2008-03-25 21:05:00 JP Morgan CEO Jamie Dimon is quadrupling the price of Bear Stearns from the price he agreed o pay just nine days ago and yet he is still managing to get kudos for the deal. I think he made a steal. I think what will happen as five or 10 years and now when ... More About: Acquisitions , Merger
McCain Addresses Housing Crisis Options
2008-03-25 20:55:00 Republican John McCain said Tuesday that government isn’t in the business of saving and rewarding banks or small borrowers who behave irresponsibly though he offered few immediate alternatives to fixing the growing housing crisis. No Tags More About: Housing , Options , Crisis
OFHEO, Fannie Mae And Freddie Mac Cuts Excess Capital Level by a Third
2008-03-19 19:12:00 Washington, DC - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market. OFHEO estimates that Fannie Mae?s and Freddie Mac ?s existing capabilities, combined with ... More About: Capital , Cuts
Federal Reserve Cuts Fed Funds Rate to 2.25 Percent From 3 Percent
2008-03-18 19:51:00 The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent. Recent information indicates that the outlook for economic activity has weakened further. Growth in consumer spending has slowed and labor markets have softened. Financial markets remain under considerable stress, and the tightening of credit ... More About: Federal Reserve , Ben Bernanke , Funds , Rate , Cuts
Temporary 2008 Conforming Loan Limits Released For High Cost Areas
2008-03-07 07:06:00 Washington, DC ? The Office of Federal Housing Enterprise Oversight (OFHEO) today released the maximum conforming loan limits that will be in effect through year-end as a result of The Economic Stimulus Act of 2008. That legislation permits Fannie Mae and Freddie Mac to raise their conforming loan limits in certain high-cost areas. The new ... More About: Loan , Cost , Released , Limits
Bernanke Urges Banks to Forgive Portions of Mortgages to Stop Foreclosures
2008-03-05 02:58:00 Ben Bernanke gave a speech today where he is urging lenders to write down the principle of the loans to distressed homeowner is where the price has fallen. Is the Federal Reserve chairman breaking new ground on fed communication? No Tags More About: Foreclosures , Banks , Stop , Mortgages
OFHEO, NY Attorney General, Fannie Mae And Freddie Mac Sign Agreements to C
2008-03-03 18:25:00 Washington, DC? OFHEO Director James B. Lockhart announced agreements with OFHEO, New York State Attorney General Andrew Cuomo, Fannie Mae and Freddie Mac (Government Sponsored Enterprise (GSE)) to strengthen the independence of the appraisal process. For mortgages the Enterprises buy or guarantee, the agreements seek to enhance appraisal and evaluation services that are ... More About: Freddie Mac , Sign
Manhattan Rentals Still Hot
2008-03-03 14:49:00 Despite fears of a recession, New York realtors rest easy…for now. Of the 3 million apartments in Manhattan , 2 million are rentals. Demand remains steady as corporate types delay buying New York property. No Tags More About: Rentals
Widespread House Price Declines In Fourth Quarter
2008-02-26 16:41:00 Pockets of Strength Remain; Coasts, Midwest Show Biggest Declines WASHINGTON, DC ? U.S. home prices fell in the fourth quarter of 2007 according to OFHEO?s seasonally-adjusted purchase-only house price index. The index, which is based on data from home sales, was 1.3 percent lower on a seasonally-adjusted basis in the fourth quarter than in the ... More About: House , Freddie Mac , Price , Fannie Mae , Purchase
January Housing Inventory Increased To A 10.3 Month Supply Compared To 9.7
2008-02-25 22:02:00 We did find the housing inventory numbers increased, which is key. We are looking at the 10.3 month supply compared to 9.7 in December. In January , we were up in terms of inventory, that seems to be a problem. We are not anywhere close to that, for existing home prices, is not good at all and it will drag on. New home prices is a different picture because the home builders are biting the bullet here. The leading home price index suggests that, in effect, although that may be a problem, there is an interesting optic we see at the end that makes us wonder whether new home practices might actually stabilize as wee see within the S&P/Case-Shiller Home Price Index report. No Tags More About: Inventory , Housing , Month
Is it Barack Obama OR ‘Baroke Obama’? When Barack Tries To ‘Stick It
2008-02-23 17:26:00 Debate over Barack Obama ’s $10 Billion housing bailout plan. Did you know that you, the tax payer, will foot the bill? No Tags More About: Stick
FBI: 2008 Could Be Record Year for Suspicious Activity Reports
2008-01-31 20:07:00 FBI: 2008 Could Be Record Year for Suspicious Activity Reports Financial institutions filed a record 15,000 suspicious activity reports (including instances of mortgage fraud) with the Federal Bureau of Investigation in the first fiscal quarter of this year. (...) More About: Bear Stearns , Cord
FBI: 2008 Could Be Record Year for Suspicious Activity Reports
2008-01-31 20:07:00 FBI: 2008 Could Be Record Year for Suspicious Activity Reports Financial institutions filed a record 15,000 suspicious activity reports (including instances of mortgage fraud) with the Federal Bureau of Investigation in the first fiscal quarter of this year. If the pace keeps up, more than 60,000 SARs will be filed, outstripping 2007, when 46,717 reports hit ... More About: Bear Stearns , Cord
Mortgage Bond Insurer?s Downgrades
2008-01-31 19:17:00 MBIA posted its biggest ever quarterly loss and said it is considering new ways to raise capital. (...) More About: Bond , Mortgage
Mortgage Bond Insurer?s Downgrades
2008-01-31 19:17:00 MBIA posted its biggest ever quarterly loss and said it is considering new ways to raise capital. Watching the Mortgage Bond Insurer’s Downgrades has been like watching a steam roller run you over.
Subprime Mortgage and CDO Bank Losses May Top $265 Billion
2008-01-31 18:33:00 We have seen $90 billion of writedowns to date. Standard and Poor’s is saying that you can super size that order. Writedowns total losses are expected to be $265 billion or more. (...) More About: Mortgage , Bank , Losses , Subprime , Billion
Subprime Mortgage and CDO Bank Losses May Top $265 Billion
2008-01-31 18:33:00 We have seen $90 billion of writedowns to date. Standard and Poor’s is saying that you can super size that order. Writedowns total losses are expected to be $265 billion or more. So far, Wall Street has been shouldering the brunt of the losses. S&P says the next losses will affect smaller financial institutions including ... More About: Mortgage , Bank , Losses , Subprime , Billion
Federal Open Market Committee Lowers Federal Funds Rate 50 basis Points to
2008-01-30 21:39:00 The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent. (...) More About: Interest Rates , Federal Reserve , Points
Federal Open Market Committee Lowers Federal Funds Rate 50 basis Points to
2008-01-30 21:39:00 The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent. Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets. The ... More About: Interest Rates , Federal Reserve , Points
Increasing Conforming Loan Limits?
2008-01-25 17:34:00 Congress was rumored last week to increase conforming loan limits, what is the chance that we will see an increased somewhat? (...) More About: Congress , Loan , Freddie Mac , Limits , Fannie Mae
Increasing Conforming Loan Limits?
2008-01-25 17:34:00 Congress was rumored last week to increase conforming loan limits, what is the chance that we will see an increased somewhat? The president and Secretary Paulson have made it very clear that really want that to happen with various [tag-cat]Government Sponsored Enterprise[/tag-cat] reform in place. Would that be good for the credit market? Some people think ... More About: Congress , Loan , Freddie Mac , Limits , Fannie Mae
This Day In America January 25
2008-01-25 16:40:00 On Today?s date in 1947, America n gangster Al Capone died in Miami Beach, Florida, at age 48. (...) More About: January
This Day In America January 25
2008-01-25 16:40:00 On Today?s date in 1947, America n gangster Al Capone died in Miami Beach, Florida, at age 48. On Today?s date in 1959, American Airlines began jet flights between New York and Los Angeles on the Boeing 707. On Today?s date in 1961, President John F. Kennedy held the first presidential news conference carried live on radio and ... More About: January
Federal Reserve Cuts Key Rates By 75bp to 3.5%
2008-01-22 18:38:00 With Recession Fears, Feds Cut Interest Rate The Federal Reserve cuts a key interest rate by three quarters of a percentage point, hoping to stem fears of a recession in the United States. (...) More About: Alan Greenspan , Rates , Cuts
Federal Reserve Cuts Key Rates By 75bp to 3.5%
More articles from this author:2008-01-22 18:38:00 With Recession Fears, Feds Cut Interest Rate The [tag-cat]Federal Reserve [/tag-cat] cuts a key [tag-cat]interest rate[/tag-cat] by three quarters of a percentage point, hoping to stem fears of a recession in the United States. This is the biggest one day move by the central bank in recent memory. More About: Alan Greenspan , Rates , Cuts 1, 2, 3, 4, 5, 6, 7 |
