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  •   CCH White Paper Details Subprime Crisis, Wider Effects
CCH, part of Wolters Kluwer Law & Business, has published a white paper, http://business.cch.com/bankingfinance/focus/news/Subprime_WP_rev.pdf The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown, by CCH Banking Law Analyst Katalina M. Bianco, JD. Wolters Kluwer Law & Business is a leading provider of research information and software solutions in key specialty areas for legal and business professionals.
CCH, a Wolters Kluwer business,Neil Allen,Riverwoods IL  05/14/2008

  •   Bankrate: Fixed Mortgage Rates Steady While Adjustable Rates Fall
Fixed mortgage rates were largely unchanged this week. The average conforming 30-year fixed mortgage rate backtracked to 6.13 percent, according to Bankrate.com's weekly national survey of large lenders. The average 30-year fixed mortgage has an average of 0.40 discount and origination points.
BankRate.com,Kayleen Keneally,North Palm Beach Florida  05/14/2008

  •   Realtors(R), Housing and Finance Experts Address Mortgage Crisis
With the goal of helping more families keep their homes rather than lose them to foreclosure, Federal Housing Administration Commissioner Brian Montgomery, Office of Federal Housing Enterprise Oversight Director James Lockhart and Harvard University Director and former House Financial Services Chairman Jim Leach addressed a crowd of more than 400 Realtors(R) at the National Association of Realtors(R) Midyear Legislative Meeting & Trade Expo today.
National Association of Realtors®,Walter Molony,WASHINGTON,   05/14/2008

  •   Mortgage Applications Increase In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 9, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 674.4, an increase of 2.9 percent on a seasonally adjusted basis from 655.4 one week earlier. On an unadjusted basis, the Index increased 2.9 percent compared with the previous week and was down 1.1 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  05/14/2008

  •   A New Movement Toward Thrift: Leaders Launch Campaign to Confront the Debt Culture
A diverse coalition of leaders will launch a national campaign -- with a groundbreaking report, three new books, and artifact exhibit -- on Tuesday, May 13th at a conference in Washington, D.C. entitled `Confronting the Debt Culture` (www.newthrift.org). The Institute for American Values, New America Foundation, Demos, Institute for Advanced Studies in Culture, Public Agenda, and others, will release a new report, `For a New Thrift: Confronting the Debt Culture,` which proposes 5 major objectives and 19 specific initiatives to address today`s debt crisis and promote a new thrift culture that would promote savings and sustainability.
Institute for American Values,Sheila Weber,,Washington   05/13/2008

  •   Statewide Coalition Testifies on Support of Governor Paterson`s Bill to Address New York State Foreclosure Crisis
At a New York State Senate Banks Committee hearing today, members of New Yorkers for Responsible Lending (NYRL) stated their strong support for Governor Paterson`s legislation to address New York`s foreclosure crisis.
New Yorkers For Responsible Lending,Josh Zinner,New York NY  05/13/2008