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Interest Rate Markets July 15, 2008
→ Mortgage Employment Stabilizing
Second-quarter jobs losses in the real estate finance sector fell by more than half from the prior quarter and the prior year, according to mortgage employment data tracked by http://www.mortgagedaily.com/. -- MortgageDaily.com,Sam Garcia,Irving Texas 07/10/2008
→ Mortgage Applications Increase In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 07/09/2008
→ Foreclosure Shorts - 07/09/2008
Latest articles on Foreclosures -- Bill Draving Company, Inc.,Bill Draving,San Antonio Texas 07/09/2008
→ Letting the Markets Work: St. Louis Fed Analyzes the Mortgage Crisis
When it comes to the current mortgage crises, large-scale government interventions directly in housing or mortgage markets are not necessarily the best policy responses. By allowing markets to sort themselves out quickly, a foundation for sustainable homeownership and responsible mortgage lending can be re-established. -- Federal Reserve Bank of St. Louis,,Adriene L. Mathes, ST. LOUIS, mo 07/09/2008
→ Mortgage Applications Increase In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 27, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 477.7, an increase of 3.6 percent on a seasonally adjusted basis from 461.3 one week earlier. On an unadjusted basis, the Index increased 3.2 percent compared with the previous week and was down 22.8 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 07/07/2008
→ Bankrate: Mortgage Rates, Like Fed, Hold Steady
Fixed mortgage rates took a breather, with the average conforming 30-year fixed mortgage rate holding at 6.62 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points. -- BankRate.com,Kayleen Keneally,North Palm Beach Florida 06/30/2008
→ May Existing-Home Sales Show Modest Gain
Sales of existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors(R). -- National Association of Realtors®,Walter Molony, 06/30/2008
→ Genworth Financial Launches First Ever Index Measuring Consumer Financial Vulnerability
Leading financial security company, Genworth Financial has launched the first ever index measuring consumer financial vulnerability. The Genworth Index is being introduced at a time when consumers face an uncertain future: with UK house prices suffering their first annual fall for 12 years and inflationary pressure from rising food prices and utility bills squeezing household income. -- Genworth Financial Inc.,Rick Popillo,London UK 06/30/2008
→ Foreclosure Shorts - 06/30/2008
Latest articles on Foreclosures -- Bill Draving Company, Inc.,Bill Draving,San Antonio Texas 06/30/2008
→ CAMBRIDGE CHAIRMAN SAYS HEALTHCARE BORROWERS NOT UNDULY PESSIMISTIC AS CREDIT CRISIS WORSENS
Senior housing/healthcare borrowers have mentally adjusted to the reality of a credit crunch, and worry about deteriorating economic conditions like everyone else. -- Cambridge Realty Capital Ltd,Evan Washington,Chicago Illinois 06/30/2008
→ Mortgage Applications Decreased In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 20, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 461.3, a decrease of 9.3 percent on a seasonally adjusted basis from 508.4 one week earlier. On an unadjusted basis, the Index decreased 9.3 percent compared with the previous week and was down 25.3 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 06/30/2008
→ MBA Applauds House Resolution Recognizing National Homeownership Month
Jonathan L. Kempner, President and CEO of the Mortgage Bankers Association (MBA), today issued this statement following the House's resolution which recognizes National Homeownership Month and the importance of homeownership in the United States. -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 06/30/2008
→ Mortgage Credit News - June 27, 2008
Mortgages are sticky near 6.50%, Treasurys getting most of the flight-to-quality benefit from the stock market dive. -- Boulder Mortgage Bank,Lou Barnes,Boulder Colorado 06/30/2008
→ Dr. Lawrence Yun to speak at CMPS Institute Training in New York City
The CMPS Institute is pleased to announce that Dr. Lawrence Yun, Chief Economist and Senior Vice President, National Association of Realtors, will be a special guest speaker at the CMPS Live! NY training event July 30 in New York City. USA Today recently listed Dr. Yun among the top 10 economic forecasters in the country. The title of his session is “Market Trends and Forecasting.” -- CMPS Institute,Josephine Nicholas,New York NY 06/23/2008
→ Mortgage Applications Decrease In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 06/18/2008
→ Residential Finance Corp Bucks Mortgage Industry Trend, Growing Lender Announces Plan to Hire 75-100 Mortgage Professionals
Mortgage Lender Plans Expansion for Ohio and Florida -- Residential Finance Corporation,Info,Columbus OH 06/17/2008
→ ICBA Cautions Lawmakers About New Mortgage Disclosure Rules
The Independent Community Bankers of America (ICBA) cautioned Congress about a new regulatory proposal that would significantly change residential mortgage disclosures and elements of the mortgage transaction to the detriment of small lenders and settlement service providers while potentially increasing the cost of homeownership at a time when the mortgage market is facing serious challenges. -- The Independent Community Bankers of America,Bill Grassano,Washington cd 06/17/2008
→ Mortgage Credit News - June 13, 2008
The credit markets have concluded that inflation risk now forces the Fed into a sustained series of increases in its overnight rate, presently 2.00%. -- Boulder West Financial Services,Lou Barnes,Boulder Colorado 06/17/2008
→ Mortgage Applications Increase In Latest MBA Weekly Survey
-- Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia 06/12/2008
→ MBA Reports Commercial Mortgage Delinquencies Remain Low
Delinquency rates on commercial/multifamily mortgages remain low - up slightly from the fourth quarter of 2007 but finishing the first quarter of 2008 near record lows for most major investor groups. -- Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia 06/12/2008
→ Mortgage Applications Increase In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 6. The Market Composite Index, a measure of mortgage loan application volume, was 557.1, an increase of 10.9 percent on a seasonally adjusted basis from 502.3 one week earlier. On an unadjusted basis, the Index increased 23 percent compared with the previous week and was down 16.5 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 06/11/2008
→ Commercial/Multifamily Originations Lowest Since 2004, Originations for CMBS Show Biggest Drop
Commercial and multifamily mortgage bankers' loan originations fell on a year-over-year basis in the first quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First quarter originations were fifty-three percent lower than during the same period last year. The year-over-year decrease was seen across all property types and most investor groups. -- Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia 06/10/2008
→ Mortgage Applications Decrease In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 30, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 502.3, a decrease of 15.3 percent on a seasonally adjusted basis from 593.3 one week earlier. This week's results include an adjustment to account for the Memorial Day holiday. On an unadjusted basis, the Index decreased 24.2 percent compared with the previous week and was down 20.3 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 06/10/2008
→ Bankrate: Mortgage Rates Nudge Higher
Fixed mortgage rates moved higher for the second week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.26 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points. -- BankRate.com,Kayleen Keneally,North Palm Beach Florida 06/10/2008
→ Bank of America Receives Federal Reserve Approval of Countrywide Purchase
Bank of America Corporation today received approval from the Board of Governors of the Federal Reserve System to purchase Countrywide Financial Corporation. The transaction remains subject to the approval of Countrywide shareholders and other closing conditions. Closing is expected to occur in the third quarter. -- Bank of America Mortgage,Info,Charlotte North Carolina 06/10/2008
→ Index Indicates Increased Home Values in Certain Southern California Locations
Residential Price Index data indicates single family home prices appreciate based on location -- FNC INC.,Charles Hurst,OXFORD Mississippi 06/10/2008
