Finance and Economy Archive


Mortgage Applications Surge with Large Drop in Rates

Wednesday, December 3rd, 2008
RISMEDIA, Dec. 4, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 28, 2008, which was a shortened week due to the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, was 857.7, an increase of 112.1% on a ...
more


‘Bailout’ Has Many Different Meanings

Tuesday, December 2nd, 2008
By Cosby Woodruff ...
more


Important Facts You Should Know about Bear-cession Markets

Tuesday, December 2nd, 2008
RISMEDIA, Dec. 3, 2008-Leon LaBrecque, managing partner and founder of LJPR, LLC, a firm managing over $300 million in assets, points out that we've had 13 bear markets (including our current one) since 1926, and 15 recessions (including our current one). There have been 9 bear-cessions. ...
more


As Economy Tanks, Employers Take on Role of Grinch

Tuesday, December 2nd, 2008
By Cindy Krischer Goodman ...
more


Can the Government Keep Spending? Most Economists Say Yes

Thursday, November 27th, 2008
By Jack Chang RISMEDIA, Dec. 2, 2008-(MCT)-Since the U.S. economy went into freefall in September, the federal government has announced hundreds of billions of dollars in bailouts and economic stimulus
more


Mortgage Rates Fall for Second Straight Week, Now Below 6.00%

Tuesday, November 25th, 2008
RISMEDIA, Nov. 26, 2008-Mortgage rates fell last week, with rates for 30-year fixed mortgages declining to 5.92%, down from 6.03% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com(R). Rates for 15-year fixed mortgages decreased to 5.69%, down from 5.76% and 5-1 adjustable ...
more


MBA Study Shows Government-Insured Share of Mortgage Applications Continues to Increase

Tuesday, November 25th, 2008
RISMEDIA, Nov. 26, 2008-The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications taken during the month of October 2008, 32.9% were for government-insured loans (consisting mainly of FHA ...
more


NEWS ALERT – Paulson Unveils $800 Billion Plan to Ease Credit Crunch

Tuesday, November 25th, 2008
"A very strong statement of support for the housing market" ...
more


FNF Announces the Termination of Definitive Merger Agreement with LandAmerica

Monday, November 24th, 2008
RISMEDIA, Nov. 25, 2008-Fidelity National Financial, Inc. announced the termination of its definitive merger agreement with LandAmerica Financial Group, Inc., pursuant to its contractual due diligence termination right. ...
more


Genworth Program Helps over 11,000 Families Avoid Foreclosure in Past Year

Monday, November 24th, 2008
RISMEDIA, Nov. 25, 2008-Genworth Financial, a mortgage insurer, along with its loan servicer partners, has helped more than 11,000 families avoid foreclosure in the past year through its Homeowner Assistance Program, the company reports. Genworth's quarterly Foreclosure Prevention Scorecard, released this week, analyzes mortgage workouts conducted in the 12-month period ...
more


© RISMedia 2009. All Rights Reserved