Welcome!




Expand Your Education with These Courses from
Bundle 2: CIPS Elective Courses (Non-US Version).
Accredited Buyer’s Representative.
Business Creation – Prospecting: Skills for Sales Success: Part Three.
BPOs: The Agent’s Role in the Valuation Process.
ACE: Purchase Reverse Mortgage Course.

Finance, Economy & Government Issues Archive


Mortgage Opportunities – New Take on Lending Opens Field to Many

RISMEDIA, Feb. 12, 2008-(MCT)-Andrew Meade needed to borrow $15,000 for 60 days to close a real estate deal, but he didn't want to go through the hassle of getting the loan from a bank. ...


Need Help Understanding Home Loans? Buyers and Sellers Should Take Time to Read the Fine Print

RISMEDIA, Feb. 12, 2008-(MCT)-The foreclosure crisis is focusing new attention on the need for consumers to understand what they are signing when they take out a loan to buy a home.Clearly, some salesmen misled some consumers. But there's reason to believe other consumers didn't carefully read what was put in ...


Homeowner Refinancing Surges Following Lower Interest Rates

RISMEDIA, Feb. 12, 2008-(MCT)-Thousands of Midlands homeowners are joining the nationwide refinance scramble to lower their monthly payments or pay off their loans more quickly. ...


What Bush’s Stimulus Package Could Do for the Economy

RISMEDIA, Feb. 11, 2008-(MCT)-Congress passed an economic stimulus bill Thursday that will give $600 to most individual taxpayers, $1,200 to couples and $300 to more than 20 million low-income seniors and disabled veterans. ...


What You Need to Know for Attending Upcoming MBA Conference

RISMEDIA, Feb. 11, 2008-Registration opened this week for the Mortgage Bankers Association's (MBA) 2008 National Mortgage Servicing Conference & Expo-- 'Building Together for Tomorrow.' The conference will take place February 26-29, at the Hilton New Orleans Riverside, New Orleans, LA. ...


Survey: Purchase Applications Increase

RISMEDIA, Feb. 7, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 1, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 1086.6, an increase of 3.0% on a seasonally adjusted basis from 1054.9 one week earlier. On an ...


NAMB Supports Stimulus Package, Urges Congress to Go Further to Help Homeowners

RISMEDIA, Feb. 1, 2008-The National Association of Mortgage Brokers (NAMB) released the following statement from President George Hanzimanolis regarding the economic stimulus package approved yesterday by the United States House of Representatives. ...


Mortgage Spam Jumps in Response to Fed Rate Cut

RISMEDIA, Feb. 1, 2008-Spam about mortgage refinancing jumped to 10% of all spam in the past week in conjunction with the recent interest rate cuts by the US Federal Reserve, according to research by Commtouch. Further changes expected to be announced today may spur even more finance-related spam - always ...


Survey: Refis Increase to 73% of Mortgage Activity

RISMEDIA, Jan. 31, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 25, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 1054.9, an increase of 7.5% on a seasonally adjusted basis from 981.5 one week earlier. On an ...


More Than 2.2 Million Foreclosure Filings on Nearly 1.3 Million Properties Reported

RISMEDIA, Jan. 30, 2008--RealtyTrac®, an online marketplace for foreclosure properties, released year-end data from its 2007 U.S. Foreclosure Market Report, which shows a total of 2,203,295 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 1,285,873 properties nationwide during the year, up 75% from ...


Payment Index: Low Down-Payment Buyers Still Have Safe, Secure Options

RISMEDIA, Jan. 30, 2008-As the mortgage lending market continues to tighten, first time home buyers with low down payments still have choices, according to Dr. Susan M. Wachter, professor of Real Estate and Finance at the University of Pennsylvania's Wharton School. With support from Genworth Financial, Dr. Wachter released her ...


Regional Spotlight: Who’s Afraid of the R-word?

RISMEDIA, Jan. 30, 2008-(MCT)-The economy may be slowing, but there has been enough sustained growth in areas such as employment and office use that the nation and lower Fairfield County, Connecticut should be able to avoid a recession, a regional real estate expert said yesterday. ...


Nehemiah Corporation Reaches $1 Billion Milestone in Private Downpayment Assistance

RISMEDIA, Jan. 29, 2008-Nehemiah Corporation of America, a provider of private downpayment assistance in the United States, announced that the non-profit has provided more than $1 billion in mortgage downpayment assistance through The Nehemiah Program®. ...


How to Handle Mortgage Crisis: Survey Says, ‘Don’t Help ‘Em’

RISMEDIA, Jan. 25, 2008-A new Wall Street Journal Online/Harris Interactive Personal Finance Poll finds that a plurality of U.S. adults say the government should not provide financial assistance to borrowers who can no longer afford to pay their mortgages to keep them out of foreclosure. Only one-quarter agree that the ...


Refinancing Drives Increase in Mortgage Applications

RISMEDIA, Jan. 24, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 18, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 981.5, an increase of 8.3% on a seasonally adjusted basis from 906.4 one week earlier. On an ...