Finance and Economy Archive


Historic Low Mortgage Rates Continue; Many States’ 30-year Fixed Mortgage Rates Fall Below 5.00 Percent

Sunday, December 28th, 2008
RISMEDIA, Dec. 29, 2008-Mortgage rates remained low last week and many states saw sub-5.00 percent rates for the first time in recent history. The weekly average rates for 30-year fixed mortgages declined to 4.96 percent, down from 5.15 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled ...
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Historic Low Mortgage Rates Continue

Tuesday, December 23rd, 2008
RISMEDIA, Dec. 24, 2008-Mortgage rates remained low last week and many states saw sub-5.00% rates for the first time in recent history. The weekly average rates for 30-year fixed mortgages declined to 4.96%, down from 5.15% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real ...
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HOPE NOW Projects Big Increases in Foreclosure Prevention Successes in 2009

Monday, December 22nd, 2008
RISMEDIA, Dec. 23, 2008-HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors that has been working aggressively to prevent foreclosures and keep homeowners in their homes, has announced that it expects to double the number of foreclosures prevented in 2009 by enhancing and expanding its very successful ...
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NAMB to File Lawsuit over RESPA Rule

Monday, December 22nd, 2008
RISMEDIA, Dec. 23, 2008-The National Association of Mortgage Brokers (NAMB) filed a lawsuit against the U.S. Department of Housing and Urban Development (HUD) after it recently issued the Real Estate Settlement Procedures Act (RESPA) Final Rule on November 17, 2008. ...
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Will Modifying Mortgages Just Prolong the Pain?

Thursday, December 18th, 2008
By Alan J. Heavens ...
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5 Ways to Take Control of Your Finances in 2009

Thursday, December 18th, 2008
RISMEDIA, Dec. 19, 2008-With the economy taking us on the ride of the century and 2009 right around the corner, taking control of your personal finances should be at the top of your list of New Year's resolutions. Whether you are planning on changing jobs, paying off a loan, buying ...
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Mortgage Applications Increase, Driven by Refinances

Wednesday, December 17th, 2008
RISMEDIA, Dec. 18, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending December 12, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 841.4, an increase of 2.9% on a seasonally adjusted basis from 817.7 one week earlier, which was ...
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Refi Requests Up 230% as Mortgage Rates Continue Downward Spiral

Tuesday, December 16th, 2008
RISMEDIA, Dec. 17, 2008-The continued and dramatic fall of mortgage rates this week led to a flood of refinance requests on Zillow Mortgage Marketplace, accounting for more than half of all requests. Refi requests are up 230% in the first half of December, compared with the first half of November. ...
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FNF Announces an Amended Stock Purchase Agreement with LandAmerica

Monday, December 15th, 2008
RISMEDIA, Dec. 16, 2008-Fidelity National Financial, Inc. (FNF) announced the signing of an amended stock purchase agreement with LandAmerica Financial Group, Inc. ("LFG") pursuant to which FNF will acquire LFG's two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers"), as well as ...
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Let Bankruptcy Judges Alter Mortgages, Lawmakers Urge

Thursday, December 11th, 2008
By Barbara Barrett ...
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