President Bush’s proposals to help shore up the ailing mortgage market are at the center of a debate in Washington over how far government should go to help borrowers who got in over their heads. By MSNBC.COM’s John W. Schoen. Read More…
President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks. Read More…
The OFHEO House Price Index (HPI) usually doesn’t get ntoo much attention (except here where we regard it as the best, or at nleast the most interesting of the periodic housing indicators) but this ntime around people began anticipating it days before it was actually nissued and there was speculation that it would be the […]
Average house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the Office of Federal Housing Enterprise Oversight said Thursday. Read More…
The 20 hottest and coldest housing markets in the country, according to the latest federal figures. Read More…
Two executives from the National Association of Home nBuilders held a teleconference on the “credit ncrunch” on Tuesday. The one hour conference was hosted by Jerry Howard, nCEO of NAHB and David Seiders, Chief Economist. nn When asked what impact tighter mortgage lending nstandards had had on new home sales during the past month… nnn Read More […]
African Americans are often the target of financial pitchmen trying to convince them they should never pay off their mortgages. Instead, the line goes, people should dig deeper into mortgage debt to purchase cars, fund their chosen lifestyles or invest. Read More…
Federal Reserve Chairman Ben Bernanke suggested that policymakers look for ways to encourage a wider range of mortgages geared for low income and other borrowers who have been hard hit by the housing slump and credit crunch. Read More…
Mortgage rates in general took a fairly substantial dive during the nprevious week with longer term rates dropping double digits in most cases nand some rates returning to mid-2006 levels. However, the Mortgage nBankers Association reported a spectacular increase in nthe interest rate of the one-year adjustable rate mortgage (ARM). nn Read More Nownn Read More…
U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday. Read More…