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NAHB – Housing Jobs Key to State and Local Economic Recovery
RISMEDIA, Oct. 13, 2008-Job losses and declining tax revenues resulting from the deep housing slump and the decline in property values require state and local governments to consider innovative ideas to help put the housing market back on track, according to Sandy Dunn, chairman of the National Association of Home ...
How Women are Drastically Affected by the Current Economy
RISMEDIA, Oct. 10, 2008-Anxiety, insomnia, fear-women are being drastically affected by the economic downturn both in their spending habits and their psychological well being, according to a survey by BettyConfidential.com. In the survey of more than 100 women, 75% of respondents indicated that on a scale of 1 to 10 ...
Mortgage Applications Increase Slightly in Latest MBA Weekly Survey
RISMEDIA, Oct. 9, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending October 3, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 465.5, an increase of 2.2% on a seasonally adjusted basis from 455.4 one week earlier. On an ...
MBA Study Shows Mortgage Industry Production Profits Fell Again in 2007
RISMEDIA, Oct. 8, 2008-Mortgage companies lost an average of $560 on every loan they originated last year, a drop from the $50 per loan they lost in 2006, according to the Mortgage Bankers Association's (MBA) annual cost study. While loan origination and ancillary fees grew on a per-loan basis, they ...
Tips to Help You Start Planning for Your Own Financial Rescue
By Susan Tompor
RISMEDIA, Oct. 7, 2008-(MCT)-Wall Street has its financial rescue plan in place. The real question: Do you have a plan for unloading your toxic debt?
The Crisis Continues – Unemployment Claims Just Shy of 160,000 in September
By Jane M. Von Bergen ...
Chase Opens Mortgage Office in Boston’s South End
RISMEDIA, Oct. 6, 2008-Chase, one of the nation's leading residential housing lenders, announced the opening of its second mortgage office in Boston's South End, this one at 1313 Washington Street. ...
Mortgage Rates Rise as Credit Crunch Intensifies
RISMEDIA, Oct. 3, 2008-Mortgage rates increased for the third consecutive week, with the average 30-year fixed mortgage rate rising to 6.41%. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.42 discount and origination points. ...
Protecting Your Home & Finances in Perilous Times
RISMEDIA, Oct. 2, 2008-With the nation possibly facing the most worst financial crisis since the Great Depression, and as many as 6 million homeowners at risk of foreclosure, we all need to review our finances and make sure we are well positioned for the future. Home values, the stock market, ...
