Mortgage Bankers: Weekly Update Loan Apps Decline
Thursday, January 07
Mortgage Bankers Association for the week of 1/6/2010 ...
The Politics Of Home Ownership and How It Became Too Easy To Own
Tuesday, January 05
How it Became Too Easy to Own The New Deal President Roosevelts New Deal created policy and institutions to encourage people to become homeowners. Facing high levels of ...
Housings Weak Recovery: Lets Follow The Money
Friday, January 01
Quarterly reports are out. NAR, Case Shiller, Consumer Confidence reports all indicate that the housing recovery is faltering to flat. Much of the Govt supports will be slowly exiting as the Fed tests the normal functions of an economy replace Federal aid. Residential Case Shiller and NAR repo...
Fannie and Freddie Mae Get a Blank Check For Christmas
Wednesday, December 30
Freddie Mac reported a 13% drop in mortgage purchases in November, Fannie Maes book of business declined at an annualized rate of 6.7% in the same month. Portfolios continue to deteriorate. The single-family serious delinquency rate climbed to 4.98% in October, which is the most recent month of ...
FHA and Fannie Mae Propose Rule Changes
Saturday, December 26
Because of ongoing weakness in the real estate sector, the institutions that have filled the vacuum left by lenders, have run into trouble... they need to change the rules.In order to assure that mortgage originations continue, its become necessary for FHA and Fannie Mae to reduce risk....
Freddie Mac Weekly Update: Rates Just Over 5%
Saturday, December 26
30-Year and 15-Year Rates Still at Incredibly Low Levels 30-year fixed-rate mortgage: Averaged 5.05 percent with an...