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Finance, Economy & Government Issues Archive


Obama’s Stimulus Package Should Help Economy, Experts Say

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Fannie Mae Tries Program to Speed Up ‘Short Sales’ in Orlando Area

By Jerry W. Jackson ...


Mortgage Applications Fall In Latest MBA Weekly Survey

RISMEDIA, January 29, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 732.1, a decrease of 38.8% on a seasonally adjusted basis from 1195.3 one week earlier. This week's ...


Consumers Get Conflicting Advice – Save More, Spend More

By Scott Canon ...


The Housing and Economic Crisis Includes Small Business Owners

Commentary by Samuel D. Bornstein ...


Mortgage Rates Rebound to Three-Week High

RISMEDIA, January 23, 2009-Mortgage rates increased after falling in each of the previous three weeks. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage rate is now 5.59% with an average of 0.3 discount and origination points. ...


Realtors Welcome President Barack Obama

RISMEDIA, January 22, 2009-Following the inauguration of President Barack Obama, National Association of Realtors(R) President Charles McMillan issued this statement: ...


Mortgage Job Losses Ease

RISMEDIA, January 22, 2009-Mortgage-related layoffs have eased and may be near a bottom, according to employment data tracked by http://www.mortgagedaily.com/. Quarterly job cuts were down by nearly 25 percent, and annual migration out of real estate finance dropped by more than half. ...


Mortgage Rates Shift Up Slightly Last Week, but Remain Below 5.00%

RISMEDIA, January 22, 2009-The weekly average rate borrowers were quoted on Zillow for thirty-year mortgages rose slightly last week to 4.96 percent, up from 4.92 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages ...


Obama Adviser Sees Stimulus Effects Next Month

By Andrea Coombes ...


Do Your Homework before Refinancing Mortgage, Experts Say

By Alison Knezevich ...


Chase Extends Modification Efforts to Include the $1.1 Trillion of Investor-owned Mortgages It Services

RISMEDIA, January 20, 2009-Chase announced that it has extended its mortgage modification efforts to the investor-owned loans that it services-about $1.1 trillion of loans-significantly expanding the reach and effectiveness of its previously announced mortgage modification efforts. This effort includes investor-owned mortgages held in securitizations. ...


Congress Introduces H.R. 600, Reinstating DPA

RISMEDIA, January 20, 2009-On Friday, U.S. Representative Al Green introduced a bill, H.R. 600, that would reinstate downpayment assistance (DPA). ...


Democrats Unveil Stimulus Plan Totaling Over $825 Billion

By Kevin G. Hall and David Lightman ...


Low Rates Likely to Stay Awhile, But Cash-outs Refis Elusive

By Alan J. Heavens ...