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Mortgage Rate Drop Below 5% Stirs Demand March3, 2010, CNBC U.S mortgage rates retreated below 5 percent last week, propping demand for home loans after purchase applications sank to a nearly 13-year low the prior week, Mortgage Bankers Association data showed on Wednesday. February's volatile swings...
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Pending Home Sales Tumble 16 Percent in November January 5, 2010, ABC News via Reuters Pending sales of previously owned U.S. homes fell more than expected in November because of the end of a rush to beat the initial expiration of a popular tax credit, a survey showed on Tuesday. The National Association...
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Too Gloomy? Whitney Predicts 25% Home Price Plunge Wall Street Journal, September 11, 2009 U.S. home prices–which have already tumbled nearly a third from the 2006 peak–could plunge by another 25% as high unemployment levels continue, according to prominent banking analyst Meredith Whitney...
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House-Price Drops Leave More Underwater Wall Street Journal The downturn in home prices has left about 20% of U.S. homeowners owing more on a mortgage than their homes are worth, according to one new study, signaling additional challenges to the Obama administration's efforts to stabilize the housing...
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Two More Banks Fail CNNMoney.com Two more banks failed Friday bringing the tally to 25 in 2009, according to the government. American Sterling Bank, based in Sugar Creek, Mo., and Great Basin Bank of Nevada in Elko, Nevada were shuttered by the Office of Thrift Supervision and the Federal Deposit Insurance...
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New Bailout May Top $1.5 Trillion Washington Post February 10, 2009 The gravity of the financial crisis confronting the Obama administration will come into stark focus today when officials unveil a three-pronged rescue program that may commit up to $1.5 trillion in public and private funds, and possibly...
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Octavion
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10 Feb 2009
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Filed under: Pre-Foreclosures, Real Estate Trends, Recession, housing slump, RealtyTrac, ForeclosureTrends, mortgage meltdown, Real Estate News, real estate, foreclosure statistics, foreclosure filings
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You Won't Believe What's in That Stimulus Bill Wall Street Journal January 28, 2009 The 647-page, $825 billion House legislation is being sold as an economic “stimulus,” but now that Democrats have finally released the details you won’t believe what’s in that “stimulus”...
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Builder Offers 3.99 Percent Rate on Mortgage January 22, 2009 Wall Street Journal Toll Brothers just lowered the bar for the home building industry. Horsham, Penn.-based Toll this week started offering a 3.99% fixed mortgage rate for loans $417,000 or below for 30 years with no points, one of —...
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As crowds enthusiastically cheered on the new Obama Administration on Capitol Hill, investors jeered the financial mess on Wall Street, plunging bank stocks to historic lows and unnerving investors as talk spread that the government could nationalize banks and wipe out shareholders in the process. The...
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Bankruptcy Law Changes May Not Cut Home Foreclosures January 14, 2009 Bloomberg News A proposed change to bankruptcy laws that would allow judges to reduce consumers’ mortgages may not succeed in reducing the foreclosures that have been dragging down property prices, according to a Barclays Capital...