Among the thousands of new products unveiled at the 46th International Furniture Fair outside Milan last week, almost all of the standouts belonged to one of two camps. Plea for Botanic Gardens to Help Save Frogs Concerned frog experts are looking for help to save frogs from a killer fungus that is causing […]

Watters v. Wachoiva - Supreme Court Sides With Feds In Bank Preemption Case
The right of the federal banking oversight system to preempt any attempts by the various states’ to regulate federally chartered financial systems has been discussed several times in these pages over the last month. That discussion centered on a nationwide system to allow the states to more efficiently license mortgage companies and agents. Read More Now

home sales cratered
home resales plummeted 13 percent in March, compared to the previous March, according to the National Association of Realtors (NAR).

Census and HUD Data Indicates That Builders Are Not Bouncing Back
Builders appeared to have remained cautious about the housing market in March, pulling permits and starting construction on new houses in numbers little changed from February. The monthly data on new residential construction jointly released by the U.S. Census Bureau and the Department of Housing and Urban Development on Tuesday reported that… Read More Now

Job Report Fuels mortgage Rate Increases Across The Board
mortgage rates bumped upward last week, buoyed largely by encouraging news about job growth. However, at the same time the fees and points charged for originating these mortgages declined for three of the four products tracked by the report. Read More Now

Banking and Housing Giants Testify About Subprime Solutions
The chief executives of both Freddie Mac and Fannie Mae as well as the Chairman of the Federal Deposit Insurance Corporation and the Federal Housing Commissioner and Assistant Secretary of the Department of Housing and Urban Development testified last week in a hearing before the U.S. House Committee on Financial Services about solutions to the current subprime mortgage turmoil. Each of the four had some interesting things to say about what their organizations/agencies are doing or could be doing to resolve the situation and… Read More Now

Groups Call For Forbearance For Troubled mortgages
A coalition of housing activists and civil rights groups has called for a six month moratorium on foreclosures to provide time for financially troubled homeowners with time to solve their problems. Read More Now

Housing Recovery May Be Held Back By Oversupply
Will the economy return the favor? Spring usually provides the strongest home selling period of the year and with interest rates still relatively low and the job market improving the forecast sees conditions “ripe for a firming in housing demand,” but acknowledges that there are still problems. Read More Now

Existing home Sales Drop At Fastest Rate In 18 Years
The two most closely watched monthly housing reports came out this week and served only to muddy the real estate waters even further. On Tuesday the National Association of Realtors issued its report on existing home sales for the month of March. It wasn’t pretty. NAR spokesman, Chief Economist David Lereah placed most of the blame on… Read More Now

This entry was posted on Monday, April 30th, 2007 at 1:29 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.