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Real Estate Delinquencies and Foreclosures Increase in Latest Survey

RISMEDIA, March 10, 2008-The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.82% of all loans outstanding in the fourth quarter of 2007 on a seasonally adjusted (SA) basis, up 23 basis points from the third quarter of 2007, and up 87 basis points from one year ...


Mortgage Applications Increase

RISMEDIA, March 6, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 29, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 684.9, an increase of 3.0% on a seasonally adjusted basis from 665.1 one week earlier. On an ...


Consumers Give up Lattes, Travel as Economy Sours

RISMEDIA, March 6, 2008-(MCT)-With the economy in a nosedive, Americans are shedding unnecessary expenses, saving their cash and voting "no" to discretionary spending. ...


New York Real Estate – Proposal Aims to Protect Subprime

RISMEDIA, March 5, 2008-(MCT)-New York Gov. Eliot Spitzer plans to introduce a bill this week intended to help subprime borrowers statewide who are at risk of losing their homes. The bill would also establish further protection in the law to prevent a similar crisis in the future, according to a ...


California Real Estate – Success Claimed for Schwarzenegger Mortgage Rescue Plan

RISMEDIA, March 5, 2008-(MCT)-State officials said Monday that a plan touted by Gov. Arnold Schwarzenegger to aid troubled homeowners helped more than 17,000 struggling borrowers in December and January. ...


Eager for Stimulus Rebate? Check out These Myths and Facts

RISMEDIA, March 4, 2008-(MCT)-The Internal Revenue Service has gone into myth-busting mode. Just weeks after Congress passed an economic stimulus package that includes so-called "rebate" payments for about 130 million taxpayers, rumors and misconceptions abound over who is eligible and how to get the money. ...


Old Republic National Title Insurance Company Acquires American-First Abstract Company

RISMEDIA, March 4, 2008-Mark Bilbrey, SVP & COO of the Central Title Group of Old Republic National Title Insurance Company, announced the acquisition of American-First Abstract Company effective this week. American-First has been owned and operated by the Harold Cox family since 1969. American-First, is located in Norman, Oklahoma and ...


Top 10 Foreclosure Avoidance Tips

RISMEDIA, March 4, 2008-Here are 10 suggestions to avoid foreclosure, both now and in the future. ...


Fannie and Freddie Fan the Flames

By Jason Kotar ...


As Inflation Rises, What Does It Mean for the Housing Market?

RISMEDIA, Feb. 28, 2008-(MCT)-A sharp jump in wholesale inflation and $100-a-barrel oil prices combined Tuesday to heighten fears that inflationary pressures will drive up mortgage rates and deepen problems in a housing sector that's dragging down the economy. ...


Survey Says – Refi Drop Drives Decline in Mortgage Apps, Purchase Applications Unchanged

RISMEDIA, Feb. 28, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 22, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 665.1, a decrease of 19.2% on a seasonally adjusted basis from 822.8 one week earlier. On an ...


Rebates: Spend or Save?

RISMEDIA, Feb. 27, 2008-(MCT)-The success of the 2008 Economic Stimulus Act hinges on what people do with their rebate checks, Paducah tax preparer Ray McLennan says. ...


Credit Card Rates Stay Up

RISMEDIA, Feb. 27, 2008-(MCT)-Where's my rate cut? That's the question asked by many consumers expecting an immediate break on their credit cards in light of the Federal Reserve's short-term interest rate cuts. ...


Online Tax Software Benefits, Downfalls

RISMEDIA, Feb. 26, 2008-(MCT)-Few Americans relish the annual chore of preparing their tax returns. Two out of three taxpayers, including me, simply hand the job to a pro. But that still leaves more than 50 million do-it-yourself die-hards. ...


Help Your Homeowners Get out from under Mortgages

RISMEDIA, Feb. 26, 2008-(MCT)-Maybe you've heard the pitches about how rates are falling and you need to act now to take advantage of them. Or maybe you're dreading that pending jump in the rate on your adjustable-rate mortgage. Or maybe you feel you're sinking and aren't sure there's a way ...



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