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Finance and Economy Archive
RISMEDIA, Jan. 17, 2008-Looks like refinancing continues to be a popular option for homeowners. Refinance loans topped mortgage application news this week with The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 11, 2008. Let's look at the numbers: ...
RISMEDIA, Jan. 17, 2008-(MCT)-Remember trying to refinance during the real estate boom? You were lucky if your broker or lender returned your calls within two weeks. ...
RISMEDIA, Jan. 16, 2008-The Mortgage Bankers Association (MBA) projects that economic growth will continue to slow through the first half of 2008, but expects economic activity will begin to pick up in the second half of 2008 and resume trend-like growth toward the end of 2009. Total mortgage production will ...
RISMEDIA, Jan. 16, 2008-Chase announced the promotion of Terry Lindsey to national sales manager of Correspondent Sales among key appointments that reflect the business's continuing growth. ...
RISMEDIA, Jan. 11, 2008-Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.87% with an average 0.4 point for the week ending January 10, 2008, down from last week when it averaged 6.07% as well. Last year at this ...
RISMEDIA, Jan. 9, 2008-As part of its ongoing commitment to support borrowers facing potential foreclosure, Fannie Mae will reimburse its servicing partners when they refer homeowners who are behind in their mortgage payments to the HOPE Hotline for counseling. ...
RISMEDIA, Jan. 8, 2008-Chase has announced the hiring of new area and sales managers for the expansion of its Coral Gables mortgage office. The office, which opened five years ago at 225 Alhambra Circle, is expanding to meet the growing needs of the area. ...
RISMEDIA, Jan. 7, 2008-To give consumers a better idea of its purpose and mission, the Better Mortgage Bureau has decided to change its name to Consumer Mortgage Bureau. By adding consumer to their name, the organization hopes to eliminate any confusion in the public's mind that they are anything but ...
RISMEDIA, Jan. 4, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the Christmas holiday shortened week ending December 28, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 533.9, a decrease of 11.6% on a seasonally adjusted basis from 603.8 one week ...
RISMEDIA, Jan. 1, 2008-(MCT)-Has a generation of steady or falling prices come to an end? The government recently reported that for October, the consumer price index rose over the past 12 months at a pace of 3.5%, reaching a 14-month high. A year ago, the comparable inflation barometer read 1.3%. ...
RISMEDIA, Jan. 1, 2008-Still unfurling, the housing "crisis" of 2007 is the source of the top three picks by turnaround professionals predicting the most distressed industries in 2008. ...
RISMEDIA, Jan. 1, 2008-The holiday season is a time for giving - especially to those in need - and many charities are hard at work this time of year. The Federal Trade Commission offers the following tips to help you make the most of your charitable donations this season: ...
RISMEDIA, Dec. 31, 2007--The fallout from the housing slump and the so-called "credit crunch" will prove less severe than many fear, said Wells Fargo's senior economists during the company's annual economic forecast teleconference earlier this week. ...
RISMEDIA, Dec. 21, 2007-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending December 14, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 653.8, a decrease of 19.5% on a seasonally adjusted basis from 811.8 one week earlier. On an ...
RISMEDIA, Dec. 21, 2007-The five-year freeze on mortgage interest rates recently announced by the federal government may be intended to help responsible homeowners avoid foreclosure, but a noted economist with the Real Estate Center at Texas A&M University says there may be a better solution to the mortgage crisis. ...
