mortgage news: Maybe some hope for the Subprime Crisis - 09/05/08 01:37 PM
Date: 09/04/2008
Ocwen Financial Corp. (OCN), one of the nation's leading subprime mortgage providers, has reported that delinquencies have decreased throughout the summer on the subprime mortgages it handles. The decrease seems to be as a result of the company's technology enhanced loan modification program.
Such reports reflect a light at … (0 comments)
mortgage news: Mortgage Update - 06/17/08 03:50 PM
Market Update:
Manufacturing in New York region dropped 8.7% in June, more than the market-estimated 2% monthly drop. The US Dollar fell against the Euro and Yen. Oil touched a new record of $139.89 a barrel today as investors moved into commodity investments to protect against Dollar depreciation. The national average … (0 comments)
mortgage news: Some more positive news! - 05/21/08 02:52 PM
According to the California Association of Realtors 66% of Los Angeles County residents can afford to purchase an entry-level home worth almost $400,000. Just last year the same survey concluded that only 21% percent could afford to purchase an entry-level home. The trade group attributed the rise … (2 comments)
mortgage news: Fannie Mae Lowers Down Payment Requirement to 3% - 05/19/08 02:07 PM
Fannie Mae announced this week that it will lower the amount of down payment it will require for single-family conforming home loans. Starting June 1st buyers will only be required to put a 3% down payment however the home they are purchasing will need to be their primary residence.
"We've been … (3 comments)
mortgage news: Mortgage Applications Rise For A 2nd Week! - 05/16/08 10:57 AM
Positive news is always a good thing to hear with the current market conditions!
In its weekly mortgage application survey the Mortgage Bankers Association reported Wednesday that application rose for the second consecutive week. The 2.9% rise for the week ending May 9th was mostly attributed to an increase in refinance requests.
As mortgage … (1 comments)
mortgage news: Mortgage News - 04/21/08 11:27 AM
In line with analysts' expectations, consumer prices pushed 0.3% higher in March after being unchanged in February, the Commerce Department reported April 16. Core consumer inflation, which excludes food and energy costs, rose 0.2% in March. Over the past 12 months, consumer inflation is up 4%, reflecting relentless gains in energy … (0 comments)
mortgage news: Mortgage News - 04/11/08 02:00 PM
AN INSIDER'S VIEW FROM THE CAPITAL MARKETS COOPERATIVE TRADING DESK:"Is the worst of the credit crisis behind us? Was Bear Stearns' capitulation the last straw? It sure feels like it. The Fed has shown its willingness to prevent disaster. Voices from Merrill Lynch to S&P say that the worst losses have … (1 comments)
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Date: 09/04/2008
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