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Finance, Economy & Government Issues Archive


Initiative Announced to Increase Mortgage Market Liquidity

RISMEDIA, March 20, 2008-OFHEO, Fannie Mae and Freddie Mac announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market. ...


Mortgage Rates Rise as Treasury Yields Fall – Bankrate

RISMEDIA, March 17, 2008-Fixed mortgage rates posted a modest increase in the past week, with the average conforming 30-year fixed mortgage rate now 6.39%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points. ...


Mortgage Bankers Announce What’s Up, What’s Down in Latest Survey

RISMEDIA, March 13, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending March 7, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 671.7, a decrease of 1.9% on a seasonally adjusted basis from 684.9 one week earlier. On an ...


More Homeowners Are Just Walking Away

RISMEDIA, March 12, 2008-(MCT)-Owing more on properties than they're worth, some local homeowners are voluntarily walking away from their house notes. ...


What Are Consumers Addicted To?

RISMEDIA, March 11, 2008-(MCT)--Most consumers claim that Americans are "addicted" to debt and many say they can't do much about it because their savings are too low and they live paycheck to paycheck. ...


Real Estate Delinquencies and Foreclosures Increase in Latest Survey

RISMEDIA, March 10, 2008-The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.82% of all loans outstanding in the fourth quarter of 2007 on a seasonally adjusted (SA) basis, up 23 basis points from the third quarter of 2007, and up 87 basis points from one year ...


Builders Tell Congress Housing Finance System Reform Vital For Housing and Economy

RISMEDIA, March 7, 2008-To help bolster a faltering housing market, the National Association of Home Builders (NAHB) called on Congress to move quickly to enact comprehensive regulatory reform for housing government sponsored enterprises (GSEs) Fannie Mae, Freddie Mac, and the Federal Home Loan Banks that will ensure their financial safety ...


Mortgage Applications Increase

RISMEDIA, March 6, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 29, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 684.9, an increase of 3.0% on a seasonally adjusted basis from 665.1 one week earlier. On an ...


Consumers Give up Lattes, Travel as Economy Sours

RISMEDIA, March 6, 2008-(MCT)-With the economy in a nosedive, Americans are shedding unnecessary expenses, saving their cash and voting "no" to discretionary spending. ...


New York Real Estate – Proposal Aims to Protect Subprime

RISMEDIA, March 5, 2008-(MCT)-New York Gov. Eliot Spitzer plans to introduce a bill this week intended to help subprime borrowers statewide who are at risk of losing their homes. The bill would also establish further protection in the law to prevent a similar crisis in the future, according to a ...


California Real Estate – Success Claimed for Schwarzenegger Mortgage Rescue Plan

RISMEDIA, March 5, 2008-(MCT)-State officials said Monday that a plan touted by Gov. Arnold Schwarzenegger to aid troubled homeowners helped more than 17,000 struggling borrowers in December and January. ...


Eager for Stimulus Rebate? Check out These Myths and Facts

RISMEDIA, March 4, 2008-(MCT)-The Internal Revenue Service has gone into myth-busting mode. Just weeks after Congress passed an economic stimulus package that includes so-called "rebate" payments for about 130 million taxpayers, rumors and misconceptions abound over who is eligible and how to get the money. ...


Old Republic National Title Insurance Company Acquires American-First Abstract Company

RISMEDIA, March 4, 2008-Mark Bilbrey, SVP & COO of the Central Title Group of Old Republic National Title Insurance Company, announced the acquisition of American-First Abstract Company effective this week. American-First has been owned and operated by the Harold Cox family since 1969. American-First, is located in Norman, Oklahoma and ...


Top 10 Foreclosure Avoidance Tips

RISMEDIA, March 4, 2008-Here are 10 suggestions to avoid foreclosure, both now and in the future. ...


Fannie and Freddie Fan the Flames

By Jason Kotar ...