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housing recovery: Mortgage Insurance Companies - losses increase concerns - 11/08/09 07:13 PM
Mortgage insurance company losses are a mounting concern for the industry. A concern that has not received much coverage in the media, nor in Congress. These companies have taken a beating in the market downturn.
Mortgage insurance enables home buyer to purchase with less than a 20% down payment. For FHA loans, the home buyer purchases government mortgage insurance from HUD. For conventional loans, the home buyer purchases private mortgage insurance.
Several companies offer mortgage insurance. All have taken heavy losses and as a result have tightened their lending guidelines. In many cases the MI companies have tightened their guidelines more than Fannie … (28 comments)

housing recovery: Economic Turnaround Near? Employment may determine direction of economy - 05/06/09 03:06 PM
A great deal is being made of some positive numbers in recent economic reports for housing and consumer confidence. Yesterday Federal Reserve Chairman Ben Bernancke made well publicized comments about the market recovery, led by a housing recovery.
His focus remains on stabilizing the financial market, "our forecast assumes continuing gradual repair of the financial system."
In his comments he points to continuing problems with employment. It seems to me that employment will drive any economic recovery.
Housing figures may very well be up as a result of a combination of low rates, low prices, and high tax incentives. Can these supports sustain an … (1 comments)

 
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Richard Smith FHA VA Rural Development in TN GA

Chattanooga, TN

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Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343

Office Phone: (423) 280-0345

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