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Finance and Economy Archive
RISMEDIA, May 6, 2008-While predatory lending and sub-prime mortgages have taken the blame for the dramatic decrease in housing prices and the glut of foreclosures nationwide, a new analysis shows that rising fuel costs played a significant role in the collapse of America's housing bubble. ...
RISMEDIA, May 2, 2008-Fixed mortgage rates inched upward for the third week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.16%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.36 discount and origination points. ...
RISMEDIA, May 1, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending April 25, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 567.0, a decrease of 11.1% on a seasonally adjusted basis from 637.6 one week earlier. On an ...
RISMEDIA, April 30, 2008-The Federal Trade Commission testified before the U.S. Senate Committee on Commerce, Science, and Transportation's Subcommittee on Interstate Commerce, Trade, and Tourism, about the Commission's continuing efforts to protect subprime mortgage borrowers. ...
RISMEDIA, April 25, 2008-Fixed mortgage rates moved slightly higher for the second week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.11%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.43 discount and origination points. ...
RISMEDIA, April 24, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending April 18, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 637.6, a decrease of 14.2% on a seasonally adjusted basis from 743.4 one week earlier. On an ...
RISMEDIA, April 15, 2008-As the nation's homeowners struggle to complete their taxes by April 15, the American Homeowners Grassroots Alliance (AHGA) on April 10 urged Congress to simplify and improve the tax code. In testimony to the House Small Business Committee, AHGA suggested a number of reforms that will help ...
RISMEDIA, April 14, 2008-The National Association of Home Builders (NAHB) applauded House and Senate legislation to address the housing crisis and economic slowdown. ...
RISMEDIA, April 10, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending April 4, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 725.6, an increase of 5.4% on a seasonally adjusted basis from 688.3 one week earlier. On an ...
RISMEDIA, April 10, 2008-The 90-day public comment period ended on Tuesday, April 8, for the Federal Reserve Board's proposed rules to amend regulation Z, which implements the Truth in Lending Act and the Home Ownership and Protection Act. ...
RISMEDIA, April 7, 2008- Despite the fact a home is one of the largest and most expensive purchases most Americans will ever make, those adults who have obtained or refinanced a home loan in the past 5 years typically spent only 5 hours researching a home loan, according to a ...
RISMEDIA, April 7, 2008-A survey of 213 homeowners who have received reverse mortgage loans found that the number one reason for the loan is to pay for daily living expenses. Only 3% say they used the funds from a reverse mortgage loan to take a vacation. ...
RISMEDIA, April 7, 2008-The US Treasury Department released its Blueprint for reforming the way that financial institutions are regulated in the United States. "This is the most sweeping proposal for restructuring the financial regulatory environment since the Great Depression," said Gibran Nicholas, Chairman of the CMPS Institute, an organization that ...
By Marshall Loeb
RISMEDIA, March 31, 2008-(MCT)-When you quit working, every day becomes a vacation day. How will you find fulfillment then?
RISMEDIA, March 27, 2008-In most years, more than 75% of American taxpayers receive a federal tax refund, the average of which is $2,500. These refunds, added together with rebates due from the federal income stimulus package, mean that this spring some taxpayers might enjoy a significant windfall.
