[CaRP] Can't open cache file.
[CaRP] Unable to create/open RSS cache file.

Mortgage News Daily - Mortgage and Real Estate News
MortgageNewsDaily.com provides up to the minute news for the mortgage and real estate industries.
Existing Home Sales Rise But New Home Sales Take Sizable Hit
2 Mar 2007 at 1:19pm
Repo rts o n Jauary sales o f both new a nd existi ng hous es whe re relea sed
th is w eek. Co nclusio ns whe re, t o say th e lea st, mixed.
Th e Na tio nal Ass ocia tio n o f Realt o rs repo rt o n th e sales o f existi ng
home i n Jauary sta ted th a t those sales h ad hi t th e high est level i n
seven mo nths, i ncrea si ng t o...
New home sales, h ow ever, w ent i n qui te a di fferent directio n...
Read Mo re Now
Two Associations of State Regulators Issue Nontraditional Mortgage Lending Gu...
1 Mar 2007 at 12:43pm
In Oct ob er a covey o f federal agencies i ncludi ng th e Federal Reserve,
Th e Federal Deposi t Insurace Co rpo ra tio n, a nd th e Na tio nal Credi t Unio n
Admi nistra tio n publish ed wha t w a s cal led "fi nal
guidace" o n underwri ti ng n o ntradi tio nal mo rtgage products. Th is
guidace w a s designed t o address risks a ss ocia ted wi th th e growi ng us e o f
th ese mo rtgages (als o referred t o a s exotic o r alterna tive
loas) such a s i nterest o nly a nd payment optio n adj us table ra te
mo rtgages.
A mo nth o r s o aft er th e federal guideli nes whe re
relea sed, a nd w e admi t t o b ei ng a bi t b ehi nd th e curve
o n th is o ne bu t i t still se ems wo rth mentio ni ng...
Read Mo re Now
Mortgage Rates Mostly Lower As Concerns Over Housing Rise
28 Feb 2007 at 2:09pm
Co ncern ove r th e slowi ng housi ng market ma y b e impacti ng
mo rtgage ra tes acco rdi ng t o Frak Nothaft, Freddie Mac vice
president a nd chief eco n omist, referri ng t o th e results o f th e
co rpo ra tio n's Primary Mo rtgage Market Survey f o r la st w eek. Tha t survey
i ndica ted a general d ownward dri ft i n ra tes. "Mo rtgage ra tes ea sed
a li ttle mo re th is w eek," Nothaft sa id, "a s market participats whe re
co ncerned ove r..." Read Mo re Now
Subprime Market Standards Tightened By Freddie Mac
27 Feb 2007 at 2:01pm
In th e wake o f a t ough cou ple o f w eeks th a t ha ve ra ttled th e sub-prime
lendi ng i ndustry, Freddie Mac an ounced o n Tuesday th a t i t w a s
cracki ng d own o n underwri ti ng sta ndards f o r those loas
i t purcha ses.
Th e mo rtgage giat an ounced th a t i t wi ll cea se purcha si ng
subprime mo rtgages th a t...
Read Mo re Now
Fannie Mae and HSBC Fallout
26 Feb 2007 at 12:58pm
Two bi ts o f news repo rted la st w eek ar e wo rth a mentio n.
Fanie Mae an ounced o n Tuesday th a t i t wou ld n o t b e
payi ng ove r $44.4 millio n i n bo nus es t o i ts f o rmer a nd current executives.
Th e bo nus es whe re part o f a i ncentive program th a t w a s ba sed o n perf o rmace
targets such a s earni ngs growth...
In oth er news th ere is new fal l-ou t fr om a gloom y an ouncement th e
wo rld's third largest bak mad e earlier th is mo nth...
Read Mo re Now
New Mortgage Licensing System May Benefit States, Lenders and Consumers
23 Feb 2007 at 11:52am
Th e mo rtgage i ndustry a nd those wh o regula te i t appear w ell o n th eir
wa y t o drama tical ly chagi ng th e mo rtgage
licensi ng system.
On Tuesday th e Mo rtgage Bakers Ass ocia tio n an ounced i ts su ppo rt o f
th e ba sic underpi nni ngs o f a proposed Residential Mo rtgage Licensi ng
System (RMLS) th a t i t is hoped wi ll...
Read Mo re Now
Housing Permits and Starts Slide But Builder Confidence Rising
20 Feb 2007 at 2:23pm
Right o n th e h eels o f th e Na tio nal Ass ocia tio n o f Realt o rs ra th er glum
repo rt o n th e sale o f existi ng hous es duri ng th e fourth quarter o f 2006 th e U.S.
Census Bureau a nd th e U.S. Department o f Housi ng a nd Urba Development
relea sed th eir mo nthly joi nt repo rt o n housi ng starts
a nd housi ng permi ts f o r th e mo nth o f Jauary. Th e news
w a s n o t qui te terrible, bu t i t di dn't d o much t o raise optimism i n th e
housi ng i ndustry...
Read Mo re Now
NAR Releases Year End Existing Home Data
19 Feb 2007 at 9:49am
Existi ng-home sales h ad a rough 2006 fourth quarter acco rdi ng t o
figures relea sed Thursday by th e Na tio nal Ass ocia tio n o f Realt o rs.
David Lereah, NAR's chief eco n omist sta ted th a t th e fourth quarter
wou ld b e th e bott om f o r th e current housi ng cycle. "Th is i nf o rma tio n
co nfirms 2006 w a s th e year o f co ntractio n, a nd hopefully
th e fourth quarter w a s th e bott om o f th is current busi ness cycle...
Read Mo re Now
Mortgage Rates Resume Climb After One Week Retreat
21 Feb 2007 at 1:42pm
After a si ngle w eek o f decli ni ng ra tes, mo rtgage i nterest
ra tes returned t o th e pa ttern o f smal l i ncremental i ncrea ses th a t
ha s prevailed si nce mid-Decemb er.
Th e Freddie Mac Primary Mo rtgage Market Survey f o r la st w eek sh ow ed th e
30-year fixed-ra te mo rtgage (FRM) h ad...
Read Mo re Now
Homes Of The Future - NAHB Takes A Guess
16 Feb 2007 at 3:17pm
Th e Na tio nal Ass ocia tio n o f Home Builders (NAHB) t ook a stab a t
envisio ni ng th e home o f th e future a t i ts recently
co ncluded anual co nventio n i n Orla nd o, Flo rida.
NAHB's crystal bal l looked o nly a few years i nt o th e future, t o wha t a
hous e wi ll lik ely look lik e a nd live lik e i n 2015.
Read Mo re Now
|