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Finance and Economy Archive
RISMEDIA, Sept. 30, 2008-On Friday, Freddie Mac received a federal grand jury subpoena from the United States Attorney's Office for the Southern District of New York. Also on Friday, September 26, 2008, Freddie Mac received from the Staff of the Enforcement Division of the United States Securities and Exchange Commission ...
Some see plan attacking root cause, but others believe cost is too high ...
RISMEDIA, September 29, 2008-Freddie Mac announced Friday changes in its senior management and organization that will enable the company to help stabilize the housing finance system and position it to take advantage of business opportunities in the market over the longer term. The changes are effective immediately. ...
RISMEDIA, Sept. 24, 2008-Mortgage rates have remained relatively flat over the past week, with rates for 30-year fixed mortgages increasing slightly to 5.78%, up from 5.77% the week prior according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com(R). Mortgage rates for 15-year fixed and 5-1 adjustable ...
RISMEDIA, Sept. 23, 2008-"The number one issue that needs to be addressed as the government considers its rescue plan is the actual realistic value of troubled mortgage assets," said Gibran Nicholas, chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers. "The current market value of many ...
RISMEDIA, Sept. 17, 2008-A majority of homeowners surveyed intend to eventually pay-off their mortgages, according to a new poll by Housing Predictor. The opinion poll found that despite the largest number of mortgage holders on record who have chosen to walk away from mortgages at the peak of the national ...
By Christian E. Weller ...
RISMEDIA, Sept. 11, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending September 5, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 496.2, an increase of 9.5% on a seasonally adjusted basis from 453.1 one week earlier. This week's ...
RISMEDIA, September 4, 2008--(MCT)--Thanks to the housing slump, professional couple Gladys and Raul Castillo finally found homes they could afford--new condo units in foreclosure within walking and biking distance of their jobs in Miami's Brickell financial district.They also had the credit record to meet lenders' standards. But they couldn't land ...
RISMEDIA, August 29, 2008-Mortgage rates were lower for the second week in a row, with the average conforming 30-year fixed mortgage rate falling to 6.60 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points. ...
RISMEDIA, August 28, 2008-The Mortgage Bankers Association (MBA) this week released its Weekly Mortgage Applications Survey for the week ending August 22, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 421.6, an increase of 0.5% on a seasonally adjusted basis from 419.3 one week earlier. ...
