Industry News - Mortgage Stocks
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02-25-2010 - Mortgage Rates Increase to 5.05 Percent
For the first time in three weeks mortgage rates have increased.
 
02-10-2010 - More than 20 Percent of Homeowners Owe More than Their Property Values
According to Zillow.com, during the forth quarter more than one firth of homeowners in the U.S owes more on their homes than what the property values.
 
02-04-2010 - Mortgage Rates Increase
For the first time in five weeks, mortgage rates have increased, which threatens the housing market recovery.
 
01-27-2010 - Underwater Homeowners May Get Help
The President Obama's administration may help underwater homeowners with a $300 billion Hope for Homeowners program.
 
01-21-2010 - 30-year Mortgage Rate Dropped
Mortgage rates for a 30-year loan dropped for a third week.
 
12-03-2009 - Mortgage Rates Drop
Mortgage rates have dropped to a low of 4.71 percent, which is a sign the housing market may be starting its recover from its worst slump since the 1930’s.
 
11-19-2009 - Mortgage Rates Continue to Decrease
For the third consecutive week, mortgage rates have dropped.
 
11-12-2009 - Mortgage Rates Continue to Drop
Mortgage rates dropped to its lowest since September.
 
10-29-2009 - The Fed Is Ending Treasury Purchase Program
Today the Federal Reserve will end it's treasurey purchase program after a seven month buying spree of over $300 billion helped stabile the housing market.
 
10-14-2009 - According to Desoer, Bank of America will Target More Mortgage Share
The head of Bank of America reported ,Bank Of America is seeking to avoid a plunge in mortgage lending profits, they will try to expand more than 20 percent market share.
 
10-08-2009 - According To Freddie, Mortgage Rates Drop to 4.87 Percent
For the second week in a row, 30 year fixed mortgage rates dropped to 4.87 percent.
 
09-29-2009 - Home Prices May Have Increased
In 20 U.S metropolitan areas home values have increased in July which is the most since 2005.
 
09-23-2009 - Last Week Mortgage Applications Index Increased 13 Percent
Last week mortgage applications increased to the highest level since May due to low borrowing cost.
 
09-09-2009 - Banks Increased Pace Of Loan Modifications
In the U.S banks that are participating in the government’s foreclosure plan increased the pace of loan modifications by more than 50 percent in August.
 
09-03-2009 - End Of Securties Purchase May End Soon
The Federal Reserve will end its housing-debt purchases as well as preparing investors for the change and to keep interest rates low.
 
08-27-2009 - According to Freddie Mac Mortgage Rate Increased
Mortgage rates for a 30 year fixed loan increased from 5.12 percent to 5.14 percent.
 
08-13-2009 - U.S Home Prices Fell 15.6 Percent
Even though home values are declines there are still signs the economy is improving.
 
08-07-2009 - About Half Of Mortgage Borrowers Will Owe More Than Their Homes are Worth
Almost 25 million borrowers will owe more than their homes are worth by 2011.
 
07-20-2009 - Pimco Lowers Mortgage Holdings to Add to Cash
Pacific Investment Management Co. lowered mortgage debt in June 2009 as he added to cash and other securties.
 
07-16-2009 - U.S. Stock Futures Fluctuate; JPMorgan Falls, Mosaic Gains
U.S. stock futures drifted between gains and losses as a bigger-than-projected decrease in jobless claims and takeover speculation among commodities producers was offset by concern CIT Group Inc. will file for bankruptcy.
 
07-15-2009 - U.S. Stock-Index Futures Advance; Intel, Exxon, Alcoa Climb
U.S. stock futures rose, extending a global rally in equities, after Intel Corp. forecast sales that beat analysts’ estimates and commodities advanced. Treasuries declined for a third day and the dollar and yen also dropped.
 
07-13-2009 - U.S. Stock-Index Futures Climb; Goldman Sachs Gains on Upgrade
U.S. stock futures rose, signaling the Standard & Poor’s 500 Index may gain after four weeks of losses, as analyst Meredith Whitney advised buying shares of Goldman Sachs Group Inc. and said banks may advance 15 percent.
 
07-10-2009 - U.S. Stock-Index Futures Fall; CIT, Chevron, IBM Retreat
U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index may extend its fourth straight weekly retreat, amid growing concern the economic slowdown may be prolonged.
 
07-09-2009 - Stocks, Metals Rise on China Car Sales, Alcoa; Yen, Gilts Fall
European stocks and metals rose for the first time in six days as car sales in China surged the most since 2006 and Alcoa Inc. kicked off the second-quarter earnings season with results that beat analysts’ estimates.
 
07-08-2009 - U.S. Stock Futures Reverse Decline on IMF’s 2010 Growth Forecast
U.S. stock-index futures rose, erasing an earlier decline, after the International Monetary Fund boosted its forecast for global economic growth in 2010.
 
07-07-2009 - U.S. Stock-Index Futures Retreat on Earnings Concern
U.S. stock futures fell on concern second-quarter earnings will fail to boost investors’ confidence that the rebound in equities will continue. Treasuries declined and oil reversed an earlier gain to drop for a fifth day.
 
07-06-2009 - Stocks, Oil, Metals Drop on Economy Concern; Yen, Dollar Gain
Stocks fell, pushing the MSCI World Index lower for a third day, and oil and industrial metals retreated on concern the global economic recovery is faltering.
 
07-03-2009 - Most Stocks Fall; MSCI World Extends Third Straight Weekly Drop
Most stocks fell in Europe and Asia, extending the MSCI World Index’s longest weekly losing streak since March, as reports on retail sales and the service industry added to concern the first global recession since World War II will persist. U.S. markets were closed for the July 4 holiday.
 
07-02-2009 - U.S. Stock Futures Extend Decline After Job Losses Top Estimate
U.S. stock-index futures extended declines after the government reported more job losses than economists estimated in June, adding to concern that rising unemployment will prolong the recession. Treasuries rose, while the dollar and oil retreated.
 
07-01-2009 - Europe Stocks, U.S. Futures Rise as Yen Drops on China Economy
European stocks and U.S. index futures rose while the yen fell after an expansion in Chinese manufacturing indicated that economies are recovering from the worst global slump since World War II. Oil and copper gained.
 
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