Tag Archives: mortgage bankers

Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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Banks Gradually Clearing Backlog Of Mortgage Delinquencies

Overwhelmed by the number of mortgage delinquencies, banks are overcoming their paperwork processing issues to process more foreclosures and to sell these homes and move them through the system. With each foreclosure, banks lose on average more than $40,000. For … Continue reading

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Mortgage Applications At Highest Level Of 2011

Mortgage interest rates are also at their lowest level in 2011. Still, despite these nearly record low rates, the housing market can’t get much traction, and experts predict another 5% decrease in home prices over the rest of 2011. Bloomberg … Continue reading

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Mortgage Delinquencies, Foreclosures Hit Record High

We’re talking about one in seven homes have home loans that are past due. This is the highest rate since this statistic has been tracked. And this is with massive government intervention into the mortgage market to reduce foreclosures. The … Continue reading

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Home Purchase Applications At Lowest Level Since 2000

Refinances are booming as rates have dropped the past five weeks, defying expectations, but there’s little demand for new home purchases. Too many people are unemployed or under-employed to be handle a mortgage or to move up in their home … Continue reading

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What Are The New Rules For New Home Ownership?

Financial advisors used to recommend stretching yourself financially when purchasing your first home. No longer. Now almost all home lending is done or supported by some facet of the federal government. This is the one-year anniversary of our financial system … Continue reading

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Protests At Mortgage Bankers Meeting In SF

SAN FRANCISCO (KGO) — Fireworks are flying at a national conference of mortgage bankers in San Francisco. Protesters angry about the lending and foreclosure crises are using this convention to demand help for homeowners. The protestors took their case directly … Continue reading

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Regulating America’s Mortgages

NEW YORK (Associated Press) – A regulator whose agency would disappear under a Bush administration plan to revamp financial oversight says his agency should instead be given expanded power over the U.S. home loan market. John Reich, director of the … Continue reading

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Federal Mortgage Rescue Plan Puny

From the New York Times: WASHINGTON — Fewer than 2,000 homeowners at risk of foreclosure have been helped by a Federal Housing Administration program that President Bush promised would help homeowners who had fallen behind on their mortgage payments, federal … Continue reading

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Mortgage Guidelines Changes

Fannie Mae is doing all it can to help responsible home owners meet their debt obligations. America seems to be drowning in foreclosures. Help is on the way, from the House to the Senate to the President to the Federal … Continue reading

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