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  •   Consumer Credit in U.S. Fell $3.6 Billion in July, Fed Says
Consumer borrowing in the U.S. declined for a sixth straight month in July, indicating Americans are reluctant to take on more debt without faster job growth. The $3.6 billion decrease followed a revised $1 billion drop in June that was less than initially estimated, the Federal Reserve said today in Washington. Economists projected a $4.7 billion [...]
MortgageLatestNews,Admin,   09/08/2010

  •   Mortgage Bonds Drop After Home Refinancings Outpace Expectation
Mortgage bonds with U.S. government guarantees fell relative to Treasuries after data showed more homeowners with low interest rates refinancing than some analysts expected. Fannie Mae-guaranteed home-loan securities with 5 percent coupons declined 0.1 cent on the dollar relative to Treasuries as of 1:05 p.m. in New York, the biggest drop of any Fannie Mae 30-year [...]
MortgageLatestNews,Admin,   09/08/2010

  •   Home Purchase Apps Increase, Refinances Slip as Rates Edge Up: MBA
The Mortgage Bankers Association (MBA) reported Wednesday that its index of home purchase applications jumped 6.3 percent for the week ending September 3, 2010, reaching its highest level since the end of May. Purchase activity, though, is still nearly 40 percent below what it was this time last year. Refinance applications, on the other hand, fell 3.1 percent as interest rates edged up slightly - their first drop in six weeks.
DSNews.com,Admin,   09/08/2010

  •   Beige Book Shows Slowdown in Recovery, Trouble Spots in Real Estate
Economic growth is still grinding along, but has slowed considerably since earlier in the year, according to the Federal Reserve's popular Beige Book report released Wednesday. Reports from the 12 Fed districts painted a picture of "widespread signs of a deceleration" in their local economies. Real estate remains a drag on economic growth in regions across the country, with major trouble spots identified in poor home sales and weak demand for commercial space.
DSNews.com,Admin,   09/08/2010

  •   Brookdale Announces Completion of Two Refinancing Transactions
Brookdale Senior Living Inc. (NYSE:BKD) announced today that the Company has completed two mortgage debt refinancing transactions in the aggregate principal amount of $219.0 million. The Company obtained a $181.0 million first mortgage loan from Prudential Mortgage Capital Company. The loan has a seven year term and bears interest at a fixed rate. Additionally, the Company obtained a $38.0 million first mortgage loan from GE Capital, Healthcare Financial Services. The loan has a five year term and bears interest at a variable rate. The initial blended interest rate of the loans is 5.96%. The proceeds of the loans were used to repay existing debt that was scheduled to mature in 2011 and 2012.
Brookdale Senior Living Inc.,Ross Roadman,Nashville Tenn.  09/08/2010

  •   Foundation Financial Group Earns A+ Better Business Bureau Rating
The A+ rating is based on the BBB's confidence that Foundation Financial Group will operate in a trustworthy manner and provide its customers with excellent service
Foundation Financial Group,James Brodsky,Atlanta   09/08/2010