Mortgage Market News: Fannie Mae, Bush Administration It’s a busy Monday morning in the world of mortgage market news. One of the big pieces of news comes from Fannie Mae (and other mortgage lenders). The other piece of news is rather damning evidence that the Bush Administration was pretty well aware of what was coming [...]
Latest News in Refinancing Home Mortgages – Nov 27, 2008
November 27, 2008 By Leave a Comment
Federal Reserve uses power to print money – Akron Beacon Journal WASHINGTON: The Bush administration had to strive mightily to win congressional approval of a $700 billion rescue package for the financial system. Now, with no muss and no fuss, the Federal Reserve has announced a program totaling $800 billion. What … Mortgage Lenders Report [...]
Latest News in Mortgages and Home Loans- Nov 25, 2008
November 25, 2008 By Leave a Comment
National Association of Homebuilders Wants its Own Stimulus Package With all the largess flowing from Washington, it’s starting to become difficult in terms of figuring out where money is going (no one’s worried about where it’s coming from, at any rate). And I know everyone’s all about the Citi bailout this morning, but another stimulus [...]
Latest News in Mortgages and Home Loans- Nov 18, 2008
November 18, 2008 By Leave a Comment
Seller Financing Gains in Popularity in this Economy One of the issues right now in the housing market is how difficult it is to get lender financing. After all, many lenders are reluctant to lend. They’ve gone from offering loans to just about anyone to the other extreme: Getting approved for a mortgage loan can [...]
Latest News in Refinancing Home Mortgages – Nov 6, 2008
November 6, 2008 By Leave a Comment
$300B mortgage-aid program has few takers – Newsday The government expects only 20,000 troubled borrowers will be able to refinance into more affordable home loans by next fall under a new mortgage-aid program passed by lawmakers over the summer. The $300-billion Hope for Homeowners program was … US Mortgage Applications Slump to 8-Year Low – [...]
Latest News in Mortgages and Home Loans- Oct 28, 2008
October 28, 2008 By Leave a Comment
Latest News in Mortgages and Home Loans- Oct 21, 2008
October 21, 2008 By Leave a Comment
Planning to Refinance? Looking at a Home Mortgage? Maybe You Should Get a Mov… Many people waiting for mortgage rates to drop right now. Indeed, many people think that they should be heading lower soon, what with banks starting — albeit cautiously — to lend to each other again. Additionally, Ben Bernanke is supporting efforts [...]
Latest News in Mortgages and Home Loans- Oct 14, 2008
October 14, 2008 By Leave a Comment
Paulson Warns Against Banks Hoarding Capital One of the issues that has been contributing to a lack of liquidity in the financial markets is the fact that banks have been rather reluctant to lend to each other. Without banks lending to each other (and businesses and individuals, for that matter), the flow of capital has [...]
Latest News in Mortgages and Home Loans- Sep 23, 2008
September 23, 2008 By Leave a Comment
Dems: Don?t Forget Homeowners with $700 Billion Bailout Plan The political maneuvers have begun. Rather than just shoving the $700 billion bailout plan through like the Treasury and the rest of the Bush Administration wants, some members of Congress are asking some questions about what the bailout does. Should it just be for Wall Street? [...]
Latest News in Refinancing Home Mortgages – Sep 18, 2008
September 18, 2008 By Leave a Comment
A mini-surge in refinance – Herald Tribune Homeowners rushed to take advantage of last week’s drop in interest rates following the government’s takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets. The average … Mortgage Rates Slide, But Not Enough to Spur [...]
