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Finance, Economy & Government Issues Archive


Chase’s Enhanced Programs Seeks to Help an Additional 400,000 Families

RISMEDIA, Nov. 4, 2008-Chase announced it is expanding its already significant mortgage modification program by undertaking multiple initiatives designed to keep more families in their homes, including extending its modification programs to WaMu and EMC customers. ...


Americans Don’t Expect Economic Bailout to Improve Their Finances

RISMEDIA, Nov. 3, 2008-As the government begins rolling out the $700 billion economic bailout package, nearly two-thirds of American families do not expect the far-reaching plan will improve their personal finances, according to the First Command Financial Behaviors Index. ...


Fed Lowers Key Rate to 1% – Expect Another in December?

By Carol Hazard ...


Bankrate – Mortgage Rates Surge to 3-Month High

RISMEDIA, Oct. 31, 2008-Mortgage rates bounded higher this week, with the average 30-year fixed mortgage rate soaring from 6.32% to 6.77%. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.39 discount and origination points. ...


Mortgage Applications Increase In Latest MBA Weekly Survey

RISMEDIA, Oct. 30, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending October 24, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 476.7, an increase of 16.8% on a seasonally adjusted basis from 408.1 one week earlier. On an ...


Almost 2.5 Million Monthly Foreclosures Prevented by Mortgage Industry

RISMEDIA, Oct. 29, 2008-HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors that has been working aggressively to prevent foreclosures and keep homeowners in their homes, announced that, due to the continuing efforts of HOPE NOW and the broader mortgage industry, nearly 2.5 million homeowners have avoided ...


FHA 203k Rehab Loans – Are They Right for Your Clients?

By Jason Kotar ...


Yes, Home Sales Up in Salt Lake County

By Lesley Mitchell ...


Good Financial Decisions Vital When Times Are Tough

By David Burge ...


Tips for Finding a Financial Adviser

By John Austin ...


Mortgage Rates Plunge on Signs of Credit Thaw

RISMEDIA, Oct. 24, 2008-Mortgage rates reversed course in a big way this week, with the average 30-year fixed mortgage rate dropping from 6.74 percent to 6.32 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.39 discount and origination points. ...


Mortgage Applications Decrease in Latest MBA Weekly Survey

RISMEDIA, Oct. 23, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending October 17, 2008. This week's results include an adjustment to account for the Columbus Day holiday. The Market Composite Index, a measure of mortgage loan application volume, was 408.1, a decrease of ...


Chase – ‘Actions Today Determine Our Industry’s Future’

RISMEDIA, Oct. 23, 2008-This week, at this year's Mortgage Bankers Association Convention and Expo in San Francisco, Chase distributed a document that offers a clear understanding of the housing bubble-encouraging industry colleagues and customers to be accountable and take on the responsibility to help make things right and restore the ...


No Paws Left behind Educates Borrowers at Foreclosure Prevention Workshops

RISMEDIA, Oct. 22, 2008-No Paws Left Behind, Inc., a 501c3 non-profit organization dedicated to bringing awareness to and finding solutions for the growing phenomena of "foreclosure pets," is participating in two upcoming foreclosure prevention workshops sponsored by HOPE NOW Alliance and NeighborWorks® America. ...


Credit Counseling: Help or Hindrance?

By Kara McGuire ...