Interest Rate Markets News     Click to continue . . .

  •   Grant America Program Approved by HUD
The only government grant program to be reviewed and approved for use in conjunction with FHA loans.
Global Direct Sales, LLC,Scott Nash,Indian Island Maine  05/08/2008

  •   Mortgage Applications Decrease In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 25, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 567.0, a decrease of 11.1 percent on a seasonally adjusted basis from 637.6 one week earlier. On an unadjusted basis, the Index decreased 10.2 percent compared with the previous week and was down 14.2 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  05/01/2008

  •   ICBA Urges Quick Passage of First-Time Homebuyer Tax Credit
Washington, D.C. With new data showing home prices and sales continuing to plummet, the Independent Community Bankers of America (ICBA) urged Congress to quickly pass a first-time homebuyer tax credit as part of the pending economic stimulus legislation advancing in Congress. In March, the year-over-year median home price declined by the largest amount in nearly four decades, while home sales plunged to a 16-1/2 year low.
The Independent Community Bankers of America,Bill Grassano,Washington dc  04/25/2008

  •   Home Appraisal Rules May Negatively Affect Consumers
Proposed home appraisal rules will drive up costs for homeowners and limit their choices
CMPS Institute,Josephine Nicholas,   04/24/2008

  •   MBA and CMSA Oppose Creating Different Credit Rating Process for Structured Securities
The Mortgage Bankers Association (MBA) and the Commercial Mortgage Securities Association (CMSA) joined with the Real Estate Roundtable and the National Association of Realtors® to send a letter to Senate Banking Committee Chairman Christopher Dodd and Ranking Member Richard Shelby opposing proposals to differentiate between ratings for structured finance products and ratings for other asset classes, such as corporate and municipal bonds. The letter, sent to Senators Dodd and Shelby today, in advance of a Senate Banking Committee hearing tomorrow on Turmoil in U.S. Credit Markets: The Role of the Credit Rating Agencies, warns that differentiating between ratings would only serve to further erode investor confidence and threaten an already fragile economy.
Mortgage Bankers Association of America,John Mechem,Washington District of Columbia  04/23/2008

  •   Mortgage Applications Decrease In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 18, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 637.6, a decrease of 14.2 percent on a seasonally adjusted basis from 743.4 one week earlier. On an unadjusted basis, the Index decreased 13.4 percent compared with the previous week and was down 3.2 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia  04/23/2008

Mortgage Lending News     Click to continue . . .

  •   Hanley Investment Group Closes Three Shopping Center Sales at Record Prices Totaling $12,450,000
Hanley Investment Group negotiated the sale of three shopping centers in So. CA, which achieved high sale prices per square foot and historically low cap rates, with one property closing at above the listed price. Total consideration was $12,450,000.
Monaghan Communications,Anne Monaghan,Irvine California  05/08/2008

  •   Grant America Program Approved by HUD
The only government grant program to be reviewed and approved for use in conjunction with FHA loans.
Global Direct Sales, LLC,Scott Nash,Indian Island Maine  05/08/2008

  •   Trump Slump
Even `The Donald` Trump is not immune to the real estate slide. Follow us to his bust in Baja.
,michael daimler,San Diego CA  05/07/2008

  •   Mortgage Alliance Canada
Obtaining a mortgage is one of the most paperwork-intensive endeavors that people will ever undertake. And for good reason. Before a lending institution is willing to hand over large sums of money, they want reasonable assurance they will be getting that money back, along with the interest that forms their revenue. To provide that assurance, applicants are expected to provide a wealth of financial information about themselves, essentially laying bare their lives for detailed scrutiny.
MyFax,Steve Adams,Ottawa on  05/07/2008

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,patel jayesh,mehsana gujarat  05/07/2008

  •   Hanley Investment Group Represents Buyer and Seller in $47.2 Million Sale of Shopping Center in Chino Hills, Calif.
Edward Hanley, president of Hanley Investment Group represented the buyer and seller in the $47.2 million sale of Gateway Village in Chino Hills, CA, a 96,959 sq. ft. high profile neighborhood shopping center anchored by Henry`s Market.
Monaghan Communications,Anne Monaghan,Chino Hills California  05/06/2008