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Finance, Economy & Government Issues Archive


Regional Spotlight: Cape Cod, Mass., Housing Market Sees Another Price Dip in April

RISMEDIA, May 4, 2007-(MCT)-Real estate prices on Cape Cod dropped again in April, but a growing number of sales could indicate that the worst is over for the Cape Cod housing market, said Barnstable County Register of Deeds John Meade this week. ...


Regional Spotlight: Reappraisal of Home Can Ease Taxes in East Bay, California

RISMEDIA, May 4, 2007-(MCT)-East Bay homeowners who bought in the height of the housing market during the past two years and worry their home lost value could get some property tax relief -- provided an appraisal can back it up, officials said. ...


Mortgage Applications Crawl Higher

By Rex Nutting ...


Seven Tips to Save Money When Buying a Home

RISMEDIA, April 27, 2007-Along with the excitement of owning your own place, you may also be thinking about how to pay for what is likely the single biggest investment in your lifetime. Fortunately, there are some steps you can take to ease your mind, and save you money. ...


NAR Urges Congress to Allow Non-Employer Groups to Offer Health Insurance

RISMEDIA, April 27, 2007-The National Association of Realtors(R) in written testimony to the House Energy and Commerce Subcommittee on Health, said that Realtors - as self-employed independent contractors or as broker-owners of small real estate firms -- know very well how hard it is to find and keep health insurance ...


Realtors Support Frank-Gillmor Bill Tightening Loophole in Banking Law

RISMEDIA, April 27, 2007-The National Association of Realtors(R) announced its support for H.R. 698, the?Industrial Bank Holding Company Act of 2007, which provides enhanced regulation of parent companies of industrial loan companies (ILCs) and strengthens the national policy separating banking and commerce. ...


Mortgage Rates Tick Lower

By Steve Kerch ...


More Than 430,000 Foreclosure Filings Reported in Q1: RealtyTrac

RISMEDIA, April 26, 2007-RealtyTracTM, an online marketplace for foreclosure properties, released first-quarter data from its 2007 U.S. Foreclosure Market Report, showing more than 430,000 foreclosure filings - default notices, auction sale notices and bank repossessions - reported nationwide during the first three months of the year, up 27% from the ...


New Banking Technology Paves the Way for Builders and Lenders

RISMEDIA, April 24, 2007-Nestled among exhibitors showing off everything from the latest in flooring products to efficient air conditioning systems at this year's International Builders Show in Orlando, Florida was a company that brings promise to the pitfalls of construction lending. ...


FHA Must Be Reformed to Be Viable Mortgage Alternative: NAR to Congress

RISMEDIA, April 20, 2007-The Federal Housing Administration must change to reflect consumer needs and demands, and provide many borrowers with a safer alternative to riskier mortgage products that are on the market today, according to the National Association of Realtors(R). ...


April’s Outlook: Economic and Labor Markets Still Struggling

By Dr. Christian Weller ...


Bankrate: Mortgage Rates Retreat on Inflation News

RISMEDIA, April 20, 2007-Fixed mortgage rates broke a string of four consecutive increases, dipping this week in response to favorable news on the inflation front. The average 30-year fixed mortgage rate slid to 6.29 percent. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had ...


House Hears of Mortgage Fixes; Foreclosures Inevitable for Many

RISMEDIA, April 20, 2007-(MCT)-Housing finance agencies told legislators yesterday they are trying to arrange safe mortgages for millions of people who could lose their homes because of ballooning loan payments, but legal constraints may prevent them from stopping foreclosure on many homes. ...


Subprime Solution: Swap ARMs for Fixed-rates

By Les Christie, CNNMoney.com staff writer ...


Foreclosure Activity Increases 7 Percent in March According to RealtyTrac

RISMEDIA, April 19, 2007-RealtyTrac(R) released its March 2007 U.S. Foreclosure Market Report, which shows a total of 149,150 foreclosure filings-default notices, auction sale notices and bank repossessions-were reported during the month, up 7% from an adjusted February total and up 47% from a year ago. The report also shows a ...