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Finance, Economy & Government Issues Archive


Mortgage Rates Tie a Record Low

Mortgage Rates Tie a Record Low ...


Foreclosure Activity Increases 81% in 2008

RISMEDIA, January 15, 2009-RealtyTrac®, a leading online marketplace for foreclosure properties, today released its 2008 U.S. Foreclosure Market ReportTM, which shows a total of 3,157,806 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 2,330,483 U.S. properties during the year, an 81% increase in ...


Obama on Track to Win $350 Billion from Congress for Bailout

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Secretive Fed Unveils New Plans for Credit Crisis

By Kevin G. Hall ...


Record Low Mortgage Rates Boost Refinance Activity in Latest MBA Weekly Survey

RISMEDIA, January 15, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 9, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1324.8, an increase of 15.8% on a seasonally adjusted basis from 1143.8 one week earlier. On an ...


Is There Still Hope for Housing?

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Thirty-Year Fixed Rates Back Below 5.00%

RISMEDIA, January 14, 2009- Thirty-year mortgage rates fell last week to 4.92% and the low rates that have persisted for the last month attracted thousands of homeowners hoping to refinance to Zillow Mortgage Marketplace in December and early January. ...


House Bill Aims to Stabilize Housing, Addresses Foreclosures and Stimulus

RISMEDIA, January 13, 2009-A bill that embraces the need for righting the housing market-the first big step toward economic recovery-was introduced Friday in the U.S. House of Representatives. ...


Environmentalists Hope Stimulus Package Will Push ‘Green’ Goals

By Renee Schoof ...


Refinance Applications Through the Roof as Rates Slide

By Steve Brown ...


Mortgage Rates Hover Around 5.00%

RISMEDIA, January 8, 2009-Thirty-year mortgage rates increased slightly last week for the second consecutive week. The weekly average rates for 30-year fixed mortgages increased to 5.10%, up from 5.07% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate website Zillow.com(R). Meanwhile, rates for 15-year ...


Economists Predict Recession Will Persist until Midyear

By Diane Stafford ...


U.S. to Buy Huge Stake in GMAC

By Justin Hyde and Tim Higgins ...


Mortgage Rates Down Again after Rising above 5.00% Last Week

RISMEDIA, Dec. 31, 2008-Mortgage rates increased slightly last week for the first time since early November. The weekly average rates for 30-year fixed mortgages increased to 5.07%, up from 4.96% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate website Zillow.com(R). Rates for 15-year ...


Professional Appraisal Organizations React to Fannie Mae and Freddie Mac Home Valuation Code of Conduct

RISMEDIA, Dec. 31, 2008-The nation's largest organizations of professional real estate appraisers - the American Society of Appraisers, the Appraisal Institute, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers - have issued the following statement in reaction to the revised Home ...