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Finance, Economy & Government Issues Archive


Task Force Reports Dramatic Increase in California Homeowners Seeking Help

RISMEDIA, Sept. 12, 2008-This week, Governor Schwarzenegger's task force on non-traditional mortgages highlighted the dramatic increase in the number of California homeowners who have taken action in the wake of rising mortgage payments and seeking help through the HOPE hotline. ...


Middle Class Continues to Struggle, Economy Remains on Unsustainable Path

By Christian E. Weller ...


Mortgage Applications Increase in Latest MBA Weekly Survey

RISMEDIA, Sept. 11, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending September 5, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 496.2, an increase of 9.5% on a seasonally adjusted basis from 453.1 one week earlier. This week's ...


Bush Administration Awards $6 Million to Hispanic-Serving Institutions

RISMEDIA, Sept. 11, 2008-U.S. Housing and Urban Development Secretary Steve Preston awarded nearly $6 million to 10 Hispanic-Serving Institutions (HSI) to help revitalize neighborhoods, promote affordable housing and stimulate economic development in their communities. ...


Mortgages 101 – Tips to Help Clients Avoid Pitfalls

By Vicki Lee Parker ...


Would-be Buyers Find Loans Are Out of Reach

By Monica Hatcher ...


Would-Be Buyers Find Loans Are Out of Reach

RISMEDIA, September 4, 2008--(MCT)--Thanks to the housing slump, professional couple Gladys and Raul Castillo finally found homes they could afford--new condo units in foreclosure within walking and biking distance of their jobs in Miami's Brickell financial district.They also had the credit record to meet lenders' standards. But they couldn't land ...


Bankrate – Mortgage Rates Dip Again

RISMEDIA, August 29, 2008-Mortgage rates were lower for the second week in a row, with the average conforming 30-year fixed mortgage rate falling to 6.60 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points. ...


Mortgage Applications Increase Slightly in Latest MBA Weekly Survey

RISMEDIA, August 28, 2008-The Mortgage Bankers Association (MBA) this week released its Weekly Mortgage Applications Survey for the week ending August 22, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 421.6, an increase of 0.5% on a seasonally adjusted basis from 419.3 one week earlier. ...


Donna Miller Joins Chase as National Director for its Emerging Markets and Affordable Lending Group

RISMEDIA, August 28, 2008-Chase, one of the nation's leading home lenders, announced that Donna Miller joined the company to lead its Home Lending business' Emerging Markets and Affordable Lending (EMA) group. ...


Fannie Continues Tightening the Screws

Commentary by Jason Kotar ...


HUD Tracks Housing Cost Trends

By Angela Carter ...


Mortgage Applications Decrease Slightly In Latest MBA Weekly Survey

RISMEDIA, August 21, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending August 15, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 419.3, a decrease of 1.5% on a seasonally adjusted basis from 425.9 one week earlier. On an ...


Study Links Rise in Mortgage Rates to Falling House Prices in Many U.S Cities

RISMEDIA, August 19, 2008-New research by Christopher J. Mayer and Paul Milstein, professor of real estate and senior vice dean at Columbia Business School, shows that a rise in mortgage rates has had a significant negative impact on house prices throughout the U.S., reducing prices by more than 10%. Mayer ...


Mortgage Applications Decrease Slightly in Latest MBA Weekly Survey

RISMEDIA, August 14, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending August 8, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 425.9, a decrease of 1.5% on a seasonally adjusted basis from 432.6 one week earlier. ...