by | Nov 24, 2010 | Towing
The number of applications for mortgages to buy homes rose to its highest level in six months last week.
The Mortgage Bankers Association Purchase Index rose 14.4% from a week earlier, the association said. No adjustment was made for Veteran’s Day, which occurred in the previous week.
The index is now at it’s highest reading since the week ending May 7, 2010.
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Continue reading New Mortgage Applications Hit Highest Level Since May
New Mortgage Applications Hit Highest Level Since May originally appeared on DailyFinance on Wed, 24 Nov 2010 08:03:00.
Filed Under: Economy, Real Estate, Credit
by | Nov 17, 2010 | Towing
The Congressional Oversight Panel created in the wake of TARP to oversee and monitor the Treasury Department has issued a devastatingly clear report about the mortgage mess and its legal implications, which are ugly.
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by | Nov 10, 2010 | Towing
Demand for mortgage loans rose last week, driven by low interest rates.
The Mortgage Bankers Association said its Market Composite Index rose 5.8% on a seasonally adjusted basis from a week earlier. The index measures the volume of applications for loans. Demand for loans for new homes gained 5.5%, while the number of applications for loans to refinance rose 6%.
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Continue reading Mortgage Applications Rise, Thanks to Low Interest Rates
Mortgage Applications Rise, Thanks to Low Interest Rates originally appeared on DailyFinance on Wed, 10 Nov 2010 08:21:00.
Filed Under: Economy, Real Estate, Credit
by | Oct 21, 2010 | Towing
The Mortgage Bankers Association said they tumbled 10.5% last week, the biggest fall-off in four months. While the foreclosure crisis may be playing a role in the decline, rising interest rates are also partly to blame.
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by | Oct 18, 2010 | Towing
The crisis could hit bank earnings in several ways, not all of them directly related to the foreclosure problem. One big risk is “putbacks,” the faulty loans banks could be forced to repurchase. JPMorgan puts that cost at up to…
