Welcome!




Expand Your Education with These Courses from
Bundle 3: CIPS Institute (US Version).
Bundle 2: CIPS Elective Courses (US Version).
Accredited Buyer’s Representative.
At Home with Diversity.
Expand your education through NAR’s REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.

Finance, Economy & Government Issues Archive


Bankrate: Mortgage Rates Fall Sharply on Housing and Economic Worries

RISMEDIA, Oct. 26, 2007-Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points. ...


NAR: Mortgage Availability Improving But Hampered September Existing-Home Sales

RISMEDIA, Oct. 24, 2007-Temporary problems in the mortgage market are easing and are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors®. Even so, prices rose in the Northeast and Midwest. ...


County Employment and Wages: First Quarter 2007

RISMEDIA, Oct. 24, 2007-In March 2007, Orleans County, Louisiana, had the largest over-the-year percentage increase in employment among the largest counties in the U.S., according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. Orleans County, which includes the city of New ...


The Future of Subprime Lending

By Amy Hoak, MarketWatch ...


Timely Payments on New Mortgages Rise

By James R. Hagerty, The Wall Street Journal ...


Chase Opens Mortgage Office in Goshen, NY

RISMEDIA, Oct. 22, 2007-Chase, one of the nation's leading residential housing lenders, announced the opening of its first mortgage office in Goshen in Suite 2 at 4 Coates Dr. ...


U.S. Mortgage Rates Hold Steady

By Amy Hoak, MarketWatch ...


National Foreclosure Hotline Reaches Record High Call Volume

RISMEDIA, Oct. 22, 2007-The upward trend of calls to the Homeownership Preservation Foundation's Homeowner's HOPE Hotline continues, with counselors fielding almost 60,000 calls in the third quarter of 2007. This doubles the call volume from the previous quarter and represents a more than ten-fold increase from the same quarter in ...


Mortgage Applications Rise 0.7%

By Amy Hoak, MarketWatch ...


Chase Opens New Mortgage Office in New York

RISMEDIA, Oct. 18, 2007-Chase announced the opening of a new mortgage office on Staten Island at 3845 Richmond Avenue. The office supplements the 10 Chase bank branches and mortgage offices on Staten Island. ...


Paulson: Housing Decline Most Significant Risk to Economy

By Robert Schroeder ...


Foreclosed Homes Tumble 21.5 % September Over August

RISMEDIA, Oct. 17, 2007-The real story in foreclosures today is NOT what's up; it's what's down. Foreclosed homes dropped nearly 21.5% nationwide in September over August, according ForeclosureS.com, which has been analyzing and publishing real estate and foreclosure data for more than 20 years. ...


Study: One-Third of Americans Plan to Cut Back Due to Mortgage Crisis

RISMEDIA, Oct. 16, 2007-TNS, a leader in market insight and information, recently released highlights from a new survey focused on consumer reaction to the subprime mortgage crisis in the United States, including consumer spending practices, the parties responsible and the severity of the crisis. The research was conducted on the ...


The United States of Subprime Loans

By Rick Brooks and Constance Mitchell Ford, The Wall Street Journal Online ...


Antitrust Division Launches Web site on Competition Among Brokerages

RISMEDIA, Oct. 16, 2007-The Antitrust Division of the Department of Justice launched a new Web site last week to educate consumers and policymakers about the potential benefits that competition can bring to consumers of real estate brokerage services and the barriers that inhibit that competition. Among its features, the Web ...