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Finance and Economy Archive


Mortgage Market in ‘Downward Spiral’

RISMEDIA, August 15, 2007--(MarketWatch)--Problems in the nation's mortgage and housing markets are feeding off each other and creating a "vicious cycle," analysts at Stifel Nicolaus & Co. said Monday. ...


Bankrate: Jumbo Mortgage Rates Rise Again

RISMEDIA, August 10, 2007-- It was a topsy-turvy week for mortgage rates, with the average conforming 30-year fixed mortgage rate falling to 6.66 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.25 discount and origination points. ...


U.S. Mortgage Rates Slip Slightly

RISMEDIA, August 6, 2007--(MarketWatch)--Mortgage rates moved down slightly this week, aided by lower bond yields, Freddie Mac's chief economist said on Thursday. ...


First American Announces Financial Results for Q2 Of 2007

RISMEDIA, August 6, 2007--The First American Corporation has announced financial results for the second quarter and six months ended June 30, 2007. ...


Bankrate: Mortgage Rates Down for Second Week in a Row

RISMEDIA, August 3, 2007—Mortgage rates were mostly lower, with the average 30-year fixed mortgage rate now 6.71 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.27 discount and origination points. ...


David Bellamy Named Vice President of Finance and Administration at Alain Pinel Realtors

RISMEDIA, August 2, 2007—David Bellamy, a former financial executive from The Body Shop and Intel Corp., has been appointed vice president of finance and administration at Alain Pinel Realtors, announced President & COO Larry Knapp. ...


Strong Mortgage Data Draws Skeptics

By Kelly Evans, The Wall Street Journal ...


U.S. Mortgage Rates Reverse Course

By Amy Hoak, MarketWatch ...


Paying with Plastic: Debit Cards Take Prevalence Over Cash, Checks

RISMEDIA, July 16, 2007—(MCT)—Sam Avila and a handful of his dry cleaning stores are holdouts in an age where plastic is king and cash is a forgotten relic. ...


Bankrate: Mortgage Rates Up Slightly

RISMEDIA, July 13, 2007—Mortgage rates increased slightly, with the average 30-year fixed mortgage rate now 6.78%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.29 discount and origination points. ...


Long-term U.S. Mortgage Rates Slip Again

By Amy Hoak, MarketWatch ...


Bankrate: No Fireworks in Mortgage Rates this Week

RISMEDIA, July 6, 2007—Mortgage rates remained calm, with the average 30-year fixed mortgage rate holding at 6.74%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.25 discount and origination points. ...


U.S. Mortgage Rates Down for Second Week

By Amy Hoak, MarketWatch ...


Regional Spotlight: Is There a Solution for Foreclosures? Credit Unions Say Yes

RISMEDIA, July 2, 2007?As the number of foreclosures continue to rise at alarming rates, Wisconsin credit unions hope that this trend makes prospective homeowners think twice before closing on a home loan. ...


Commentary: Subprime Mortgage Crisis Could Spread to Other Homeowners

By Andrew Jakabovics ...



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