Real estate blog entries tagged with lending by Kevin Rhodes

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Home : Blogs : Kevin Rhodes : Kevin Rhodes's Blog : Tag "lending"

lending: Hope for the (H4H) Hope for Homeowners Program... - 11/04/08 03:09 PM

With more than $300 Billion in its coffers to lend via the FHA, the Hope for homeowner program has resulted in a total disatser. In july of this year the H4H program was thought by many to be the key to the stabalizing home prices and curbing foreclosures, but has yet to produce any results at all. With 50 loans in queue since it's inception on Oct. 1, the program has been shunned by the lending community. Saving 50 homeowners per month will in no way cure the ailing housing market... The program is effective from October 1, 2008 to September … (1 comments)

lending: Fremont Sends Employees Packing With Subprime Exit - 03/08/07 01:17 PM

Fremont General Corp. has put a number of their employees on paid leave "pending further information" after the company was issued a cease-and-desist which prompted an exit from the subprime business.The cease-and-desist issued by the Federal Deposit Insurance Corp. (FDIC) demanded the end to 14 violations including ``unsatisfactory lending practices'' and ``operating with a large volume of poor-quality loans.'' Santa Monica, California-based Fremont recently announced that it would delay reporting earnings for the fourth quarter, as well as annual results, a move that sent company shares to their lowest level since 2003.Following the announcement, Fitch Ratings put Fremont on "Rating Watch … (0 comments)

lending: Mortgage Applications Climb With Surge in Refinancing - 03/08/07 01:11 PM

Graph: MBA Applications Index over 52 WeeksFor Week Ending: March 2, 2007Seasonally AdjustedTotal Mortgage Activity: Up 7.3%MBA Market Index Now: 671.6Index One Week Earlier: 626.1Unadjusted BasisTotal Mortgage Activity: Up 19.9%One Year Ago: Up 15.6%Seasonally AdjustedRefinance Activity: Up 15.0%Index Now: 2234.2One Week Earlier: 1943.5Purchase Activity: Up 1.0%Index Now: 405.3One Week Earlier: 401.3Percentage of Total ActivityRefinance Share: 46.1%One Week Earlier: 43.2%Adjustable-Rate Mortgage (ARM) Share: 21.4%One Week Earlier: 21.1%Source: Mortgage Bankers Association
… (1 comments)

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Kevin Rhodes

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