Finance and Economy Archive


U.S. Mortgage Rates Hold Steady

By Amy Hoak, MarketWatch ...


National Foreclosure Hotline Reaches Record High Call Volume

RISMEDIA, Oct. 22, 2007-The upward trend of calls to the Homeownership Preservation Foundation's Homeowner's HOPE Hotline continues, with counselors fielding almost 60,000 calls in the third quarter of 2007. This doubles the call volume from the previous quarter and represents a more than ten-fold increase from the same quarter in ...


Mortgage Applications Rise 0.7%

By Amy Hoak, MarketWatch ...


Chase Opens New Mortgage Office in New York

RISMEDIA, Oct. 18, 2007-Chase announced the opening of a new mortgage office on Staten Island at 3845 Richmond Avenue. The office supplements the 10 Chase bank branches and mortgage offices on Staten Island. ...


Paulson: Housing Decline Most Significant Risk to Economy

By Robert Schroeder ...


Foreclosed Homes Tumble 21.5 % September Over August

RISMEDIA, Oct. 17, 2007-The real story in foreclosures today is NOT what's up; it's what's down. Foreclosed homes dropped nearly 21.5% nationwide in September over August, according ForeclosureS.com, which has been analyzing and publishing real estate and foreclosure data for more than 20 years. ...


Study: One-Third of Americans Plan to Cut Back Due to Mortgage Crisis

RISMEDIA, Oct. 16, 2007-TNS, a leader in market insight and information, recently released highlights from a new survey focused on consumer reaction to the subprime mortgage crisis in the United States, including consumer spending practices, the parties responsible and the severity of the crisis. The research was conducted on the ...


The United States of Subprime Loans

By Rick Brooks and Constance Mitchell Ford, The Wall Street Journal Online ...


Home Loans to Illegal Immigrants Sturdy But Show Some Cracks

By Miriam Jordan, The Wall Street Journal Online ...


Mortgage Applications on the Rise

By Amy Hoak, MarketWatch ...


Regional Spotlight: It’s Getting Tougher to Insure Mobile Homes

RISMEDIA, Oct. 12, 2007-(MCT)-Think it's hard to find homeowners insurance for a single-family, site-built home? ...


Local Mortgage Firm in Hot Water in North Carolina

RISMEDIA, Oct. 11, 2007-(MCT)-The owner of Fort Mill, North Carolina-based Nationwide Mortgage Assistance is in trouble with the state Attorney General. ...


Survey Shows Real Estate is Still Most Popular Investment Choice

RISMEDIA, Oct. 10, 2007-Guidant Financial Group, a leading provider of self-directed IRA services, recently conducted a survey that provided valuable data on self-directed investment trends. Results gave insight into which investments are getting the most traction in this niche market, given the current economic situation. ...


Bankrate: Mortgage Rates Move Lower

RISMEDIA, Oct. 5, 2007-Fixed mortgage rates declined, with the average conforming 30-year fixed mortgage rate falling to 6.42%. 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. ...


Weekly Mortgage Applications Down 2.8%

By Amy Hoak, MarketWatch ...