Industry News - Residential Lending
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04-28-2010 - Thousands Bid, 207 Families Buy Homes at Freddie Mac Auctions in Las Vegas, Riverside/San Bernardino Counties
Freddie Mac (NYSE: FRE) today reported that it had sold 207 HomeSteps® REO homes to first time buyers and other owner-occupants at morning and afternoon auctions
 
04-28-2010 - PSMI Reports 47 Percent Increase in March 2010 Revenue Over Prior Month
PrimeSource Mortgage, Inc., a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTC Bulletin Board: PSMH) today announced that
 
03-30-2010 - Marketplace Homes 6 Year Guaranteed Lease Now Available Through One of the Nation's Largest Home Builders
Marketplace Homes announced today that it will now offer its unique 6 year guaranteed lease program through one of the nation's largest home builders, M/I Homes.
 
03-10-2010 - A Balance Sheet Solution to the Economic Crisis
The following is commentary by Dr. Tom McPeak, Ph.D., regarding private transfer fee covenants. Real estate projects across the country have stalled, resulting in widespread unemployment.(1) It
 
03-04-2010 - Mortgage Rates Drop
Last week, mortgage rates have dropped, lowering borrowing cost.
 
01-15-2010 - 66,465 Homes Permanently Have Modified Mortgages
Of the 4 million U.S mortgages that were originally targeted for modifies mortgages only 66,465 were permanently mortified.
 
01-14-2010 - Mortage Rates Drop
For the second week straight, U.S Mortgage rates dropped making borrowing cost low and home more affordable.
 
01-14-2010 - You Can Not File For Your Home Buyer Tax Credit
If you purchased a home after Nov.6, do not expect your $8,000 homebuyer tax credit anytime soon.
 
01-08-2010 - Nationwide Building Society Offers New Mortgage Deals for 2010
Nationwide Building Society has announced that with effect from Friday 8 January 2010, Nationwide will cut rates on a number of fixed and tracker rate mortgage
 
12-29-2009 - Fannie Mae Redemption
Fannie Mae (FNM, Trade ) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
 
12-14-2009 - President Obama Says Banks Must Help In The Housing Markets Recovery
According to Presdient Barack Obama, banks in the U.S have an obilgation to help in the economy's recovery.
 
11-24-2009 - Home Values during the Third Quarter Dropped
During the third quarter home prices continued to decrease. Home values dropped 3.8 percent from last year and is the smallest drop since the first quarter of 2008. Foreclosures have affected home values to continue to decrease.
 
11-19-2009 - Mortgage Defaults Hits Record High
Due to the high unemployment rate, mortgage rates have hit a record high since 30 years ago.
 
11-18-2009 - Mortgage Application Continue to Decrease
Last week, mortgage applications dropped to a 12 year low.
 
11-16-2009 - ACPT Reports Results for Quarter Ended September 30, 2009
American Community Properties Trust (ACPT) (NYSE Amex: APO) today reported a loss from continuing operations of $723,000, or $0.13 per share, on revenues of $33,406,000 for
 
11-12-2009 - Mortgage Application Decrease
Last week applications to purchase a home decreased to its lowest level in nine years.
 
11-11-2009 - Affordable Prices Draw Investors to Real Estate
-- Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled
 
11-10-2009 - The Effect of the $8,000 First Time Homebuyer Tax Credit - Past, Present, and Future
With the $8,000 tax credit being extended into 2010, what are the true effects of the tax credit? "Many homebuyers purchased in 2009 that otherwise
 
11-06-2009 - The $8,000 Tax Credit Is Waiting on President Obama’s Approval
Since the $8,000 First time home buyer tax credit was approved by the senate, President Obama needs to sign the bill so the extension can go into effect.
 
10-05-2009 - Mortgage Bond Prices Increase In Third Quarter Rally
At the end of the third quarter rally, U.S home loan bonds without govenmnet backing rose almost double their March lows.
 
10-02-2009 - 3rd Quarter 2009 Manhattan Residential Market Report Shows Housing Market is Turning Corner
The just-released Third Quarter 2009 Prudential Douglas Elliman Manhattan Market Overview reveals that while over the past two decades, the number of Manhattan co-op and condo
 
09-30-2009 - Fewer Americans Planning to Buy Homes
In September fewer Americans reported to the Conference Board they were going to buy a home within six months signaling the governments first time home buyer credit may be fading.
 
09-17-2009 - Mortgage Rates Drop to Lowest Since May
30 year fixed rates have decreased to the lowest since May, implying the housing market may be stabilizing.
 
09-15-2009 - Wachovia Bank Real Estate Executive Starts New Venture
Steve Russo, a former Managing Director and Florida Regional Executive of Real Estate at Wachovia Bank, announced the founding of The CREF Group, a real estate
 
09-14-2009 - House Prices Show Positive Annual Growth Reveals FindaProperty.com Study
The first FindaProperty.com House Prices and Affordability Index, shows national UK asking prices moving into positive annual growth for the first time this year, with prices
 
09-09-2009 - In The U.S Mortgage Application Increased 17 percent Last Week
Last week mortgage applications increased 17 percent with is the most since March.
 
09-03-2009 - According To Freddie Mac U.S Mortgage Rate Fall 5.08 Percent
This week mortgage rates for a 30 year fixed rate fell reducing borrowing cost for buyers.
 
09-01-2009 - Home Values Increase 1.7 Percent
Homes bought with mortgaes from Freddie Mac increased 1.7 percent during the second quarter.
 
08-26-2009 - Mortgage Applications Index Rose 7.5 Percent
Last week mortgage applications rose to the highest level in three months.
 
08-19-2009 - Last Week MBA Mortgage Applications Index Increased 5.6 Percent
Lower borrowing costs sparked purchases and refinancing caused mortgage application to rise last week.
 
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