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Finance and Economy Archive
RISMEDIA, Nov. 9, 2007-Each time the Federal Reserve (the Fed) cuts interest rates, borrowers converge upon their mortgage representatives expecting lower interest rates. Unfortunately, they find that mortgage rates often rise after the Fed cuts rates, and those who have held off on refinancing or locking rates thinking a Fed ...
RISMEDIA, Nov. 7, 2007-(MCT)-In a dramatic remaking of media mogul Barry Diller's Internet conglomerate, Charlotte-based LendingTree is set to become an independent company again. ...
RISMEDIA, Nov. 7, 2007-The National Association of Mortgage Brokers (NAMB) introduced the Lending Integrity Seal of Approval. The seal is designed to help consumers identify individual mortgage brokers and loan officers who meet the industry's highest standards for knowledge, professionalism, ethics and integrity. ...
RISMEDIA, Nov. 2, 2007-Chase announced that it originated $39.2 billion in mortgages in the third quarter, ending Sept. 30 -- up 35% from a year earlier -- as it helps fill consumers' need for home loans. For the first nine months of 2007, Chase's originations are up 33.6% to $119 ...
RISMEDIA, Oct. 30, 2007-(MCT)-Homeowners and neighborhoods nationwide will lose more than $100 billion in real estate value and states will be out more than $917 million in property tax revenue by 2009 due to an escalation in foreclosures, a new congressional report has found. ...
By Amy Hoak, MarketWatch ...
RISMEDIA, Oct. 26, 2007-The National Association of Mortgage Brokers (NAMB) expressed "grave concerns" over a proposal to eliminate the Yield Spread Premium (YSP) paid to mortgage brokers. In its current form, the Mortgage Reform and Anti-Predatory Lending Act of 2007 introduced to Congress October 22 by Rep. Bradley Miller (D-N.C.) ...
RISMEDIA, Oct. 26, 2007-The National Association of Mortgage Brokers (NAMB) called language included in the Mortgage Reform and Anti-Predatory Lending Act of 2007 to create a national registry of loan originators a "tremendous victory" for consumers, noting it will drive bad actors from the mortgage industry. ...
RISMEDIA, Oct. 26, 2007-Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points. ...
RISMEDIA, Oct. 24, 2007-Temporary problems in the mortgage market are easing and are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors®. Even so, prices rose in the Northeast and Midwest. ...
RISMEDIA, Oct. 24, 2007-In March 2007, Orleans County, Louisiana, had the largest over-the-year percentage increase in employment among the largest counties in the U.S., according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. Orleans County, which includes the city of New ...
By Amy Hoak, MarketWatch ...
By James R. Hagerty, The Wall Street Journal ...
RISMEDIA, Oct. 22, 2007-Chase, one of the nation's leading residential housing lenders, announced the opening of its first mortgage office in Goshen in Suite 2 at 4 Coates Dr. ...
