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Finance, Economy & Government Issues Archive


Stockton, Detroit, Las Vegas Post Top Metro Foreclosure Rates

RISMEDIA, August 15, 2007--RealtyTrac®, an online marketplace for foreclosure properties, has released its 2007 Midyear Metropolitan Foreclosure Market Report™, which shows Stockton, Calif., Detroit and Las Vegas documenting the three highest foreclosure rates among the nation’s 100 largest metropolitan areas during the first six months of the year. McAllen, Texas, ...


Mortgage Market in ‘Downward Spiral’

RISMEDIA, August 15, 2007--(MarketWatch)--Problems in the nation's mortgage and housing markets are feeding off each other and creating a "vicious cycle," analysts at Stifel Nicolaus & Co. said Monday. ...


Bankrate: Jumbo Mortgage Rates Rise Again

RISMEDIA, August 10, 2007-- It was a topsy-turvy week for mortgage rates, with the average conforming 30-year fixed mortgage rate falling to 6.66 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.25 discount and origination points. ...


NAMB Responds to Sen. Clinton’s Remarks about Mortgage Industry

RISMEDIA, August 9, 2007--The National Association of Mortgage Brokers (NAMB) responded yesterday to Sen. Hillary Clinton's criticism of the mortgage brokerage industry. Sen. Clinton made the remarks during a speech she delivered on abusive mortgage lending practices yesterday in Derry, N.H. ...


U.S. Mortgage Rates Slip Slightly

RISMEDIA, August 6, 2007--(MarketWatch)--Mortgage rates moved down slightly this week, aided by lower bond yields, Freddie Mac's chief economist said on Thursday. ...


First American Announces Financial Results for Q2 Of 2007

RISMEDIA, August 6, 2007--The First American Corporation has announced financial results for the second quarter and six months ended June 30, 2007. ...


Bankrate: Mortgage Rates Down for Second Week in a Row

RISMEDIA, August 3, 2007—Mortgage rates were mostly lower, with the average 30-year fixed mortgage rate now 6.71 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.27 discount and origination points. ...


David Bellamy Named Vice President of Finance and Administration at Alain Pinel Realtors

RISMEDIA, August 2, 2007—David Bellamy, a former financial executive from The Body Shop and Intel Corp., has been appointed vice president of finance and administration at Alain Pinel Realtors, announced President & COO Larry Knapp. ...


FAR Pledges $1 Million to Support Ballot Referendum

RISMEDIA, July 19, 2007—When it comes to property tax reform, the Florida Association of Realtors (FAR), the largest trade group in the state with 150,000 members, means business. ...


Pelosi: Housing Bill a Critical Step in Addressing Nation’s Affordable Housing Crisis

RISMEDIA, July 16, 2007—Speaker Nancy Pelosi released the following statement today on H.R. 1851, the Section 8 Voucher Reform Act of 2007, sponsored by Congresswoman Maxine Waters of California. ...


Strong Mortgage Data Draws Skeptics

By Kelly Evans, The Wall Street Journal ...


U.S. Mortgage Rates Reverse Course

By Amy Hoak, MarketWatch ...


Paying with Plastic: Debit Cards Take Prevalence Over Cash, Checks

RISMEDIA, July 16, 2007—(MCT)—Sam Avila and a handful of his dry cleaning stores are holdouts in an age where plastic is king and cash is a forgotten relic. ...


Bankrate: Mortgage Rates Up Slightly

RISMEDIA, July 13, 2007—Mortgage rates increased slightly, with the average 30-year fixed mortgage rate now 6.78%. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.29 discount and origination points. ...


Long-term U.S. Mortgage Rates Slip Again

By Amy Hoak, MarketWatch ...