Archive

Author Archive

One in 10 With a Mortgage Face Foreclosure – First Coast News

September 6th, 2010

… Freddie Mac began tracking rates in 1971. The average rate on 15-year fixed loan dropped to 3.86% from 3.90%. That’s the lowest on records starting in 1991. Average rates on five-year adjustable-rate mortgages …

Author: admin Categories: Foreclosures Tags:

Foreclosure rates remain high in metro-east – News-Democrat

September 5th, 2010

Triple-digit foreclosures remain the norm in St. Clair and Madison counties as 273 homeowners filed for foreclosure in both counties last month. The 143 foreclosure filings in Madison County and 130 who …

Author: admin Categories: Foreclosures Tags:

Firm to pay state $100k+ for misleading marketing for foreclosure help – TMCnet

September 5th, 2010

Van Hollen … distressed homeowners in Wisconsin under the guise that it was part of a federal program, despite having no affiliation with the federal government. The company informed homeowners that attorneys would …

Author: admin Categories: Foreclosures Tags:

Foreclosure filed on ex-Hilton – Pittsburgh Tribune-Review

September 5th, 2010

a spokeswoman for the ownership group that includes Shubh Hotels Pittsburgh LLC and Black Diamond Hospitality LLC … Hilton Hotels & Resorts on Thursday pulled the franchise license for the hotel after more than 51 …

Author: admin Categories: Foreclosures Tags:

Obama Administration Defends Lackluster Foreclosure Programs; Says Interest Rates Will Remain … – Huffingtonpost.com

September 4th, 2010

… market, a senior Obama administration official hinted on Wednesday … which runs the S&P/Case-Shiller Home Price Index Futures market, the market the administration uses as its benchmark. Last year there were …

Author: admin Categories: Foreclosures Tags:

Foreclosures’ social consequences eyed – Lexington Herald-Leader

September 3rd, 2010

… Eric Rosengren, president of the Federal Reserve Bank of Boston, at a Fed conference in Washington about neighborhood … My own view is that too little focus has been on community problems because the focus has …

Author: admin Categories: Foreclosures Tags:

How Did The Employment Report Affect Mortgage Rates?

September 3rd, 2010
Comments Off

Posted To: <a href="http://www.mortgagenewsdaily.com/consumer_rates/”>mortgage Rate Watch

It is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls increased 71,000 in July and +41,000 expected today) Unemployment Rate: the percentage of working-age, mentally able-Americans who are jobless. Consensus Forecast: 9.6% of the labor force vs. 9.5% last month Average Hourly Earnings: the average amount of earnings per hour of labor performed. Consensus Forecast: +0.1% vs. +0.2% last month. Average Work Week: average amount of hours worked by an employee…(<a href="http://www.mortgagenewsdaily.com/consumer_rates/170314.aspx”>read more)

Forward this article via email:  <a href="http://www.mortgagenewsdaily.com/channels/170314/3/forward.aspx”>Send a copy of this story to someone you know that may want to read it.

Author: admin Categories: Mortgage News Tags:

All Signs Point to Higher Rates in Week Ahead

September 3rd, 2010
Comments Off

Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary

NFP has come and gone, let’s see where things stand…. The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection points. The ascending trend channel that helped mortgage rates hit new lows on Wednesday has broken down and FNCL 4.0s have made their way back into the range that moderated price action for the majority of August. The falling knife found support and bounced higher directly in the middle of that range. 10s flagged lower for the entire month of August (all summer really) and are now flagging higher. The 2.625% coupon bearing 10 year TSY note is off its session price lows (98-24) at 99-07 yielding 2.715% (+8.8bps). 10s are the worst spot on the curve followed by 7s (+8.6bps) and the long bond (+7.6bps). Volume was heavy into…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/170362.aspx”>read more)

Forward this article via email:  <a href="http://www.mortgagenewsdaily.com/channels/170362/3/forward.aspx”>Send a copy of this story to someone you know that may want to read it.

Author: admin Categories: Mortgage News Tags:

Bernero wants state to cut ties with banks not in foreclosure program – Detroit News

September 3rd, 2010

Lansing — If Virg Bernero is elected governor, Michigan will pull its money out of Wall Street banks that won’t work with the state’s businesses and residents, the Democratic nominee announced today. “We …

Author: admin Categories: Foreclosures Tags:

ON THE ROAD FROM RECOVERY TO REVITALIZATION

September 3rd, 2010
Comments Off

Five years ago, one of the most destructive natural disasters in our nation’s history hit the Gulf Coast. When they hit the coasts of Louisiana and Mississippi, Hurricanes Katrina and Rita took thousands of lives, displaced millions of residents, wiped out hundreds of square miles of coastal land, and inflicted major damage to nearly 300,000 homes.

Author: admin Categories: Real Estate News Tags: