Housing Affordability Near Highest Levels
Monday, August 31st, 2009Bolstered by affordable interest rates and low prices, nationwide housing affordability during the s
Mid-Day Recap: Losses in China Drive U.S. Equities South
Monday, August 31st, 2009Stocks have had a rough day in the final session of August. After a sell-off in China hurt investor sentiment in Europe, US equity markets opened lower and have failed to bounce halfway through the day. As of 1:30, the NASDAQ is off 1.39% to 2,000, followed by a 1.22% dip in the Samp;P 500 to 1,016, while the Dow trades 0.95% lower at 9,453. …(a href=”http://www.mortgagenewsdaily.com/08312009_mid_day_recap_chicago_pmi.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=103855″ width=”1″ height=”1″
MBS Market Movers
Monday, August 31st, 2009There were few surprises in the economic data released last week. As a result, it was a quiet week
MBA Ranks Commercial and Multifamily Servicers
Monday, August 31st, 2009The Mortgage Bankers Association has released their semi-annual report on the largest commercial and multi-family loan servicers. Wells Fargo/Wachovia Bank ranks first as the largest primary and master servicer….(a href=”http://www.mortgagenewsdaily.com/08312009_mba_ranks_commercial_and_multifamily_servicers.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=103576″ width=”1″ height=”1″
The Week Ahead: Manufacturing Surveys and Jobs Data
Monday, August 31st, 2009Optimism that the economy is recovering in the third quarter has allowed the benchmark Samp;P 500 to rebound by 52% since early March, but in the past week markets were unimpressed with fresh data, even though most of it was positive. Analysts said investors were not sure the rapid 5-month gain in markets was justified, leading many to take profits while they could, pushing their cash from risky equities into bonds. A rally in Treasuries caused the 10-year yield to fall from 3.60% last Monday to 3.45% this morning.
…(a href=”http://www.mortgagenewsdaily.com/08312009_week_ahead_employment.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=103811″ width=”1″ height=”1″
FHA- the only loan **FREE MARKETING**
Monday, August 31st, 2009Today I talk about why FHA is dominating the real estate industry. I will get you prepared for the f
Friday Market Update for 8/28
Friday, August 28th, 2009Happy Friday:
Things have been very steady on the interest rate front over the past two weeks. A l
Fannie Mae’s Portfolio Down 18% in July, Delinquencies Rising
Friday, August 28th, 2009Business at Fannie Mae was recovering mid-way through the summer, though the total value of its portfolio remains down nearly one-fifth, according to a press release on Thursday.
The government-sponsored purchaser of mortgages said its Book of Business grew at a compound annualized rate of 10.1% in July, helping the year-to-date figure improve to 6.1%. However, its total mortgage portfolio declined at an annualized rate of 18.2%. In July, the portfolio fell by 1.7%, the first dip in three months…(a href=”http://www.mortgagenewsdaily.com/08282009_fannie_mae_freddie_mac.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=103520″ width=”1″ height=”1″
The Day Ahead: Personal Income and Consumer Sentiment
Friday, August 28th, 2009Stocks are looking to continue the rally from yesterday afternoon, with equity futures pointing upwards between 0.2% and 0.4%. Data at 8:30 could change that, as the Personal Income amp; Outlays report is one of this week’s key releases. But expectations are that incomes rose slightly and consumption made its third straight gain. If so, markets should open higher when the opening bell sounds at 9:30.
“Financial markets are welcoming more risk this Friday morning, with U.S. stock futures pointing higher, European bourses and most Asian equities rallying, and the USD and JPY slightly weaker,” said Jennifer Lee from BMO. “Buried beneath the green, though, was another worrying selloff in Chinese stocks.” …(a href=”http://www.mortgagenewsdaily.com/08282009_day_ahead_income_outlays.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=103501″ width=”1″ height=”1″
The calculations for mortgage loan
Friday, August 28th, 2009The mortgage loan calculator is really helpful for finding a dream home. There are several ways to u
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