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Finance, Economy & Government Issues Archive


Treasury Plan Gets Mixed Reaction from Housing Pros: State Perspective

RISMEDIA, Dec. 9, 2008-(MCT)-There's nothing like record-low mortgage rates to excite potential home buyers. At least that's what the Treasury Department hopes. The government is reportedly considering a proposal to force 30-year fixed-rate mortgages to 4.5 percent in an attempt to draw more home buyers into the languishing market. ...


Conference Board Employment Trends Index Signals More Strong Employment Declines to Come

RISMEDIA, Dec. 9, 2008-The Conference Board Employment Trends Index (ETI)(TM) declined further in November. The index fell to 102.9, down 1.6 percent from the October revised figure of 104.5, and down over 13 percent from a year ago. ...


Consumer Reports Survey: 56 Percent of Americans Think U.S. Needs to Help Citizens More in Tough Economy

RISMEDIA, Dec. 9, 2008-Consumer Reports' latest national survey finds that more than half (56%) of respondents think that government hasn't done enough for them in these tough economic times. ...


Are Sweeping Changes Coming for Mortgage Finance?

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New Low Mortgage Rates Out of Reach

By David M. Dickson ...


Lenders Nervous about Risk, Even If the Risk Isn’t You

By Margarita Bauza ...


HUD Launches Website to Increase Financial Literacy, Healthy Homeownership

RISMEDIA, Dec. 5, 2008-The U.S. Department of Housing and Urban Development launched a new, comprehensive website to assist Americans with improving financial literacy, sustaining healthy homeownership and achieving financial security. The My Money, My Home, My Future website provides a range of interactive resources to inform users about the importance ...


Mortgage Applications Surge with Large Drop in Rates

RISMEDIA, Dec. 4, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 28, 2008, which was a shortened week due to the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, was 857.7, an increase of 112.1% on a ...


‘Bailout’ Has Many Different Meanings

By Cosby Woodruff ...


Important Facts You Should Know about Bear-cession Markets

RISMEDIA, Dec. 3, 2008-Leon LaBrecque, managing partner and founder of LJPR, LLC, a firm managing over $300 million in assets, points out that we've had 13 bear markets (including our current one) since 1926, and 15 recessions (including our current one). There have been 9 bear-cessions. ...


As Economy Tanks, Employers Take on Role of Grinch

By Cindy Krischer Goodman ...


Can the Government Keep Spending? Most Economists Say Yes

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Mortgage Rates Fall for Second Straight Week, Now Below 6.00%

RISMEDIA, Nov. 26, 2008-Mortgage rates fell last week, with rates for 30-year fixed mortgages declining to 5.92%, down from 6.03% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com(R). Rates for 15-year fixed mortgages decreased to 5.69%, down from 5.76% and 5-1 adjustable ...


MBA Study Shows Government-Insured Share of Mortgage Applications Continues to Increase

RISMEDIA, Nov. 26, 2008-The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications taken during the month of October 2008, 32.9% were for government-insured loans (consisting mainly of FHA ...


HUD Issues Guidance on the Fair Housing Act and Sexual Harassment

RISMEDIA, Nov. 26, 2008-The U.S. Department of Housing and Urban Development issued guidance under the Fair Housing Act clarifying what constitutes sexual harassment and the legal remedies available to victims of sexual harassment in housing. HUD's guidance makes clear that as long as an individual demonstrates that the harassment was ...