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Finance, Economy & Government Issues Archive

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 ...

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®. ...

Fed Makes Emergency 0.75% Rate Cut

RISMEDIA, Jan. 23, 2008-(NYTimes.com)-The Federal Reserve, responding to an international stock sell-off and fears about a possible United States recession, cut its benchmark interest rate by three-quarters of a percentage point on Tuesday. ...

MBA: Slow Economic Growth + Lower Levels of Mortgage Originations = 2008

RISMEDIA, Jan. 16, 2008-The Mortgage Bankers Association (MBA) projects that economic growth will continue to slow through the first half of 2008, but expects economic activity will begin to pick up in the second half of 2008 and resume trend-like growth toward the end of 2009. Total mortgage production will ...

Chase Promotes Terry Lindsey for Fast-Growing Correspondent Business

RISMEDIA, Jan. 16, 2008-Chase announced the promotion of Terry Lindsey to national sales manager of Correspondent Sales among key appointments that reflect the business's continuing growth. ...

Chase Expands Mortgage Office in Coral Gables

RISMEDIA, Jan. 8, 2008-Chase has announced the hiring of new area and sales managers for the expansion of its Coral Gables mortgage office. The office, which opened five years ago at 225 Alhambra Circle, is expanding to meet the growing needs of the area. ...

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