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Clipped by Sam Stamper
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Tuesday, 01 April 2008
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updated Thur March 27, 2008 Mortgage rates were mixed this week as the index of leading indicators fell for the fifth straight month, home prices continued their decline and consumer confidence reached a 5-year low, Freddie Mac reported Thursday. updated Thur March 27, 2008 Consumer confidence plunged to a five-year low Tuesday as tight credit markets, rising prices and worsening job prospects weigh on American consumers. But Gerri Willis is here to give us reasons for optimism. updated Wed March 26, 2008 Mortgage application volume rose 48.1% during the week ending March 21 compared with the previous week, according to the trade group Mortgage Bankers Association's weekly survey. updated Tue March 25, 2008 Freddie Mac said Tuesday more borrowers missed payments on the mortgage financier's portfolio of $709.5 billion in home loans in February. updated Mon March 24, 2008 The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. updated Sun March 23, 2008 Earlier this year, when mortgage rates dipped below 6% for the first time since 2005, homeowners rushed to refinance costlier loans. In fact, more than six out of 10 mortgage applications so far this year have been for refis. updated Sun March 23, 2008 Lenders claim they want to help troubled mortgage borrowers stay in their homes. But the reality is that many foreclosure prevention counselors are running into lots of obstacles. updated Thur March 20, 2008 Borrowers looking for fixed-rate mortgages can now find the lowest rates in more than a month. But experts warn the decline may not last for long. updated Wed March 19, 2008 An additional $200 billion in financing is headed to the battered mortgage markets after federal regulators Wednesday said they would allow finance giants Fannie Mae and Freddie Mac to reduce the capital they keep on hand. updated Wed March 19, 2008 Mortgage application volume fell 2.9% during the week ending March 14, according to the Mortgage Bankers Association's weekly application survey. updated Thur March 27, 2008 Mortgage rates were mixed this week as the index of leading indicators fell for the fifth straight month, home prices continued their decline and consumer confidence reached a 5-year low, Freddie Mac reported Thursday. updated Thur March 27, 2008 Consumer confidence plunged to a five-year low Tuesday as tight credit markets, rising prices and worsening job prospects weigh on American consumers. But Gerri Willis is here to give us reasons for optimism. updated Wed March 26, 2008 Mortgage application volume rose 48.1% during the week ending March 21 compared with the previous week, according to the trade group Mortgage Bankers Association's weekly survey. updated Tue March 25, 2008 Freddie Mac said Tuesday more borrowers missed payments on the mortgage financier's portfolio of $709.5 billion in home loans in February. updated Mon March 24, 2008 The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. updated Sun March 23, 2008 Earlier this year, when mortgage rates dipped below 6% for the first time since 2005, homeowners rushed to refinance costlier loans. In fact, more than six out of 10 mortgage applications so far this year have been for refis. updated Sun March 23, 2008 Lenders claim they want to help troubled mortgage borrowers stay in their homes. But the reality is that many foreclosure prevention counselors are running into lots of obstacles. updated Thur March 20, 2008 Borrowers looking for fixed-rate mortgages can now find the lowest rates in more than a month. But experts warn the decline may not last for long. updated Wed March 19, 2008 An additional $200 billion in financing is headed to the battered mortgage markets after federal regulators Wednesday said they would allow finance giants Fannie Mae and Freddie Mac to reduce the capital they keep on hand. updated Wed March 19, 2008 Mortgage application volume fell 2.9% during the week ending March 14, according to the Mortgage Bankers Association's weekly application survey. updated Wed March 19, 2008 The government is loosening capital restraints on Fannie Mae and Freddie Mac so that the mortgage-finance companies can expand their roles in the stricken housing market. updated Tue March 18, 2008 The Federal Reserve cut interest rates by three-quarters of a percentage point Tuesday, but don't expect mortgage rates to go down too. In fact, home loans could be heading higher. updated Tue March 18, 2008 The credit crunch has finally hit the traditional mortgage market. updated Thur March 13, 2008 Florida led the nation in mortgage fraud in 2007, a dubious distinction it has had two years running. updated Thur March 13, 2008 Mortgage rates rose across the board this week as lower home prices and mortgage rates contributed to a more affordable market for homebuyers, Freddie Mac reported Thursday. updated Wed March 12, 2008 A top executive of Freddie Mac on Wednesday said the mortgage-finance company has enough capital and will not need to dilute the value of its shares by issuing more stock. updated Wed March 12, 2008 Mortgage application volume fell 1.9% during the week ending March 7, according to the trade group Mortgage Bankers Association's weekly application survey released Wednesday. updated Wed March 12, 2008 It's going to cost some borrowers even more to get a mortgage beginning in 2009. updated Fri March 7, 2008 Interest rates on 30-year mortgages are down and mortgage applications are up. Is it time to refinance? updated Thur March 6, 2008 Stocks tanked and bonds rallied Thursday as investors eyed the latest wave of credit market woes and opted to dump equities and scoop up the relatively safer government debt. updated Thur March 6, 2008 More home owners than ever are losing the battle to make their monthly mortgage payments. updated Thur March 6, 2008 After a series of gloomy readings on the economy, mortgage rates fell this week in the slumping housing market, erasing last week's jump, Freddie Mac reported Thursday. updated Thur March 6, 2008 Home foreclosures soared to an all-time high in the final quarter of last year, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy updated Wed March 5, 2008 Mortgage application volume increased 3% for the week ending Feb. 29, according to a weekly application survey by the Mortgage Bankers Association. updated Mon March 3, 2008 New York Attorney General Andrew Cuomo said Monday that prospective home buyers will be protected from fraudulently inflated home prices under a new agreement with government-sponsored lenders Fannie Mae and Freddie Mac. updated Thur February 28, 2008 Stocks slumped Thursday after comments from Fed chair Ben Bernanke on the banking sector and weak reports on economic growth and the jobs market revived worries about a recession. updated Thur February 28, 2008 Stocks slumped Thursday after comments from Fed chair Ben Bernanke on the banking sector and weak reports on economic growth and the jobs market revived worries about a recession. updated Thur February 28, 2008 The housing bust is handing Fannie Mae and Freddie Mac a fresh chance to rebuild their battered images. But the hefty losses the firms reported this week, and worries about the health of the economy, show it won't be easy. updated Thur February 28, 2008 Following a January surge in refinancing activities, mortgage rates rose this week in the lackluster housing market, but are likely to decline, Freddie Mac reported Thursday. updated Mon February 25, 2008 Foreclosure gets Congress' attention Tuesday when the Senate decides whether to end debate on a bill aimed at helping homeowners avoid losing their homes. updated Mon February 25, 2008 The Fed has lowered short-term interest rates this year but longer-term bond yields have risen. Call it the new conundrum. And it's adding to the confusion on Wall Street about the economy. updated Thur February 21, 2008 Adjustable-rate mortgages could become more popular as the difference between long-term fixed rates and adjustable rates increases, Freddie Mac reported Thursday. updated Wed February 20, 2008 For months, we've fretted about the Armageddon that will hit when subprime adjustable rate mortgages start resetting to much higher interest rates. updated Mon February 18, 2008 For many house hunters, these are good times. Home prices have fallen 10% or more in once-hot markets, and interest rates on mortgages of $417,000 or less have sunk to their lowest levels in four years. Today a family with solid credit and enough cash for a 20% down payment can lock in a rate of only 5.9% on a 30-year mortgage, according to Bankrate. Thank you, Ben Bernanke! updated Thur February 14, 2008 Mortgage rates were little changed this week as labor productivity rose higher than forecast and pending existing home sales weakened, Freddie Mac reported Thursday. updated Tue February 12, 2008 Six of the nation's largest mortgage lenders, in a joint effort to cool the raging foreclosure crisis, have agreed to temporarily stop foreclosure proceedings on homeowners who have fallen seriously behind in their house payments. updated Mon February 11, 2008 Countrywide Financial said Monday it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments. updated Fri February 8, 2008 The good news: mortgage rates are down. The bad news: it's much harder to qualify for a refinanced loan these days. updated Thur February 7, 2008 The increased share of housing debt taken on by Freddie Mac and Fannie Mae during the housing slump has put the two government sponsored enterprises at risk, it was charged Thursday. updated Thur February 7, 2008 Mortgage rates were flat this week, following a disappointing service sector report, Freddie Mac said Thursday. updated Thur January 31, 2008 More than half of borrowers who have missed mortgage payment deadlines are still in the dark about ways to avoid foreclosure, but that percentage is falling, said a survey released Thursday. updated Thur January 31, 2008 Mortgage rates ended their five-week descent following the Fed's decision to cut its federal funds rate by half of a percentage point, Freddie Mac reported Thursday. updated Thur January 31, 2008 Executives in Houston high-rises can rest easy. The mortgage industry has officially replaced Big Oil as Washington's favorite political punching bag. updated Fri January 25, 2008 What if you've done everything you could to save your house? You refinanced your risky adjustable-rate home loan to a conservative 30-year fixed-rate mortgage. You and your spouse emptied your savings accounts and pulled thousands of dollars out of your 401(k)s. updated Thur January 24, 2008 Lenders, foreclosure-prevention groups and the government are all working to ease the shock of upcoming subprime adjustable rate mortgage resets. But the recent plunge in interest rates will also help consumers. Even so, it won't be enough to save many at-risk ARM borrowers. updated Thur January 24, 2008 Mortgage rates continued to fall this week, with 30-year and 15-year fixed-rate mortgages hitting their lowest levels in nearly four years, Freddie Mac reported Thursday. updated Thur January 17, 2008 Weak retail sales and broader concerns about the economy exerted downward pressure on mortgage rates, Freddie Mac reported Thursday. updated Tue January 15, 2008 The number of adjustable-rate mortgages issued by lenders declined in 2007 as loan delinquencies and economic problems took their toll on interest rate discounts, according to Freddie Mac's annual ARM survey. updated Fri January 11, 2008 Bank of America said Friday it would purchase embattled mortgage lender Countrywide Financial Corp. for $4 billion in an all-stock transaction. updated Thur January 10, 2008 Mortgage rates dropped this week on weak economic data, sending refinancing activity higher, Freddie Mac reported Thursday. updated Thur January 10, 2008 Some mortgage rates rose along with bond rates this week as reports of stronger consumer spending in November were tempered by disappointing readings of other economic measures, Freddie Mac reported Thursday. updated Fri December 28, 2007 Before you put much hope in forecasts for a 2008 rebound in the battered housing market, consider this: A year ago at this time many top economists were looking for that recovery to begin in 2007. updated Thur December 20, 2007 Strong reads on inflation and retail sales led to a slight lift in mortgage rates this week, Freddie Mac reported Thursday. updated Tue December 18, 2007 The Federal Reserve on Tuesday will propose a much stricter set of rules for mortgage lenders as part of the central bank's effort to avert abusive lending. updated Fri December 14, 2007 If you can afford your adjustable-rate mortgage now, but not if it were to reset to a higher interest rate, increasingly there is help to be had. There's just one problem: Who decides if you can afford your mortgage? updated Thur December 13, 2007 Lowered expectations for a recession led to a lift in mortgage rates this week, Freddie Mac reported Thursday. updated Tue December 11, 2007 The CEOs of Freddie Mac and Fannie Mae warned their ailing mortgage-finance companies will suffer further in 2008 due to a weakening housing market and rising home-loan defaults. updated Tue December 11, 2007 Americans are nearly equally divided on whether those facing defaults on their mortgages should get special help, with most believing the borrowers are to blame for their own problems. updated Mon December 10, 2007 Most analysts see the Fed cutting rates for the third consecutive time tomorrow. What investors don't know is just how deep the Fed will cut. What will this mean for your mortgage? Here's what you need to know. updated Thur December 6, 2007 The rate of homeowners going into foreclosure or falling dangerously behind on their mortgage payments hit record highs in the third quarter - signs the real estate meltdown will worsen over the next year, a banking group said Thursday. updated Thur December 6, 2007 Interest rates on fixed-rate home loans fell again this week on weak housing prices and consumer spending, Freddie Mac said Thursday. updated Tue December 4, 2007 Could Fannie Mae be the next large financial company to announce billions of dollars of market losses on bonds backed by distressed mortgages? updated Mon December 3, 2007 Already behind on your mortgage payments? No help there. updated Mon December 3, 2007 The U.S. government is working hard to give relief to struggling mortgage holders, Treasury Secretary Henry Paulson said Monday. updated Thur November 29, 2007 Interest rates on fixed-rate mortgages slipped again this week as the glut of available homes exerted downward pressure on prices and construction activity, Freddie Mac reported Thursday. updated Wed November 28, 2007 Countrywide Financial, the nation's leading mortgage lender, is facing a federal probe into its foreclosure practices, according to a published report. updated Tue November 27, 2007 Countrywide Financial, the nation's largest mortgage lender, said Tuesday that big losses at Freddie Mac are unlikely to significantly dent its business. updated Wed November 21, 2007 Mortgage rates continued to fall as the weak housing market remained a drag on the economy, Freddie Mac reported Wednesday. updated Wed November 21, 2007 Freddie Mac and Fannie Mae can only make it through a prolonged credit crisis if they raise billions of dollars of new capital. updated Tue November 20, 2007 Freddie Mac, a government-sponsored enterprise designed to help provide financing to the mortgage market, announced Tuesday that it is looking to raise cash itself after a larger-than-expected loss cut its capital close to the bone. updated Tue November 20, 2007 Stocks were mostly higher at the start of trading Tuesday, but Freddie Mac's bigger-than-expected loss and huge writedown sent its shares down by one-third. updated Tue November 20, 2007 Stocks were still poised for a higher open even after the mortgage finance giant Freddie Mac reported a wider loss and a government report showed building permits hit a 14-year low. updated Fri November 16, 2007 Fannie Mae sought to reassure nervous investors Friday after questions arose about a key change in the way the mortgage lender discloses its bad loans -- and whether the shift is camouflaging mounting losses. updated Thur November 15, 2007 Mortgage rates were flat following mixed economic signals, Freddie Mac reported Thursday. updated Thur November 15, 2007 Investors might want to take a closer look at Fannie Mae's latest earnings report. Lost in the unsurprising news of the mortgage lender's heavy losses was a critical change in the way the company discloses its bad loans -- a move that could mask that credit losses that are rising above levels that the company predicted just three months ago. updated Wed November 14, 2007 Tumbling home values. Soaring energy prices. A topsy-turvy stock market and a gazillion other financial worries, not the least of which is whether we'll spend the coming year mired in recession. updated Wed November 14, 2007 As the Treasurer of Cuyahoga County in Ohio, Jim Rokakis spends a lot of his time trying to deal with Cleveland's foreclosure crisis. updated Thur November 8, 2007 Mortgage rates eased in response to the Federal Reserve's decision to cut interest rates, Freddie Mac reported Thursday. updated Mon November 5, 2007 Not everyone is happy about mortgage lenders' latest efforts to help troubled borrowers. updated Thur November 1, 2007 Signs that the economy may be slowing ahead helped push mortgage rates near a six-month low, Freddie Mac reported Thursday. updated Fri October 26, 2007 Countrywide Financial, the nation's leading mortgage lender, reported a staggering $1.2 billion third-quarter loss Friday that was much larger than Wall Street expected, but predicted it would quickly return to profitability. updated Thur October 25, 2007 Fears of a slowing economy over the next few months helped push mortgage rates lower, Freddie Mac reported Thursday. updated Thur October 18, 2007 Mortgage rates were flat this week as the housing industry continues to experience high inventories and slow sales, Freddie Mac reported Thursday. updated Tue October 16, 2007 Treasury Secretary Hank Paulson is walking a fine line, pushing the need to help troubled mortgage borrowers without rewarding past risky behavior. updated Tue October 16, 2007 It's getting hard to wrap your brain around subprime mortgages, Wall Street's fancy name for junk home loans. There's so much subprime stuff floating around - more than $1.5 trillion of loans, maybe $200 billion of losses, thousands of families facing foreclosure, umpteen politicians yapping - that it's like the federal budget: It's just too big to be understandable. updated Mon October 15, 2007 If your credit is weak or your savings anemic, here are two phrases you're likely to hear from mortgage loan officers in the next few years: FHA and mortgage insurance. updated Thur October 11, 2007 Mortgage rates climbed this week following the release of employment figures, Freddie Mac reported Thursday. updated Thur October 4, 2007 Mortgage rates fell slightly after three weeks of gains as the initial effects of credit woes spread to the housing market, Freddie Mac r | | | |
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