Interest Rate Markets News     Click to continue . . .

  •   Bankrate: Mortgage Rates, Like Fed, Hold Steady
Fixed mortgage rates took a breather, with the average conforming 30-year fixed mortgage rate holding at 6.62 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points.
BankRate.com,Kayleen Keneally,North Palm Beach Florida  06/30/2008

  •   May Existing-Home Sales Show Modest Gain
Sales of existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors(R).
National Association of Realtors®,Walter Molony,   06/30/2008

  •   Genworth Financial Launches First Ever Index Measuring Consumer Financial Vulnerability
Leading financial security company, Genworth Financial has launched the first ever index measuring consumer financial vulnerability. The Genworth Index is being introduced at a time when consumers face an uncertain future: with UK house prices suffering their first annual fall for 12 years and inflationary pressure from rising food prices and utility bills squeezing household income.
Genworth Financial Inc.,Rick Popillo,London UK  06/30/2008

  •   Foreclosure Shorts - 06/30/2008
Latest articles on Foreclosures
Bill Draving Company, Inc.,Bill Draving,San Antonio Texas  06/30/2008

  •   CAMBRIDGE CHAIRMAN SAYS HEALTHCARE BORROWERS NOT UNDULY PESSIMISTIC AS CREDIT CRISIS WORSENS
Senior housing/healthcare borrowers have mentally adjusted to the reality of a credit crunch, and worry about deteriorating economic conditions like everyone else.
Cambridge Realty Capital Ltd,Evan Washington,Chicago Illinois  06/30/2008

  •    Mortgage Applications Decreased In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 20, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 461.3, a decrease of 9.3 percent on a seasonally adjusted basis from 508.4 one week earlier. On an unadjusted basis, the Index decreased 9.3 percent compared with the previous week and was down 25.3 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,John Ferber,Washington District of Columbia  06/30/2008

Mortgage Lending News     Click to continue . . .

  •   Lend America Receives Approval For Ginnie Mae Issuer Status
Under goes extensive approval process to position itself to further help borrowers - Significant proof point on quality and strength of business
LendAmerica,Mary McPhall,Melville NY  07/01/2008

  •   HFF arranges $33.34 million recapitalization for Inland Empire multifamily communities
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged recapitalizations totaling $33.34 million for two multifamily communities in California`s Inland Empire, Sunscape Apartment Homes in Alta Loma and Linden Court Townhomes in Rialto.
HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Irvine CA  07/01/2008

  •   Amerisave Mortgage New Comp Plan
Our new Comp plan will be going into affect tomorrow! With our new comp plan you can now make up to 38% in overrides alone! Contact me for details or visit www.amerisavecareers.com
Amerisave Mortgage Corp.,Kyle Zotter,Atlanta GA  06/30/2008

  •   Nationwide Mortgage Licensing System Expands to 14 States
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announce that six more states -- Connecticut, Louisiana. Mississippi, North Carolina, New Hampshire and Vermont -- will begin using the Nationwide Mortgage Licensing System (NMLS) beginning July 1st.
Conference of State Bank Supervisors CSBS,Bill Matthews,WASHINGTON DC  06/30/2008

  •   Mortgage Lending Options For CUs Available Through Renewed Freddie Mac/CUNA Alliance
A critical package of services to help credit unions manage their mortgage business in today's distressed credit markets will remain available through the renewed alliance agreement between CUNA and Freddie Mac (NYSE:FRE) , one of the nation's largest investors in residential mortgages.
Freddie Mac,Sharon Barnet,Reston Virginia  06/30/2008

  •   'Beyond the Mortgage Meltdown' - New Report Analyzes Dodd/Frank Plan and Calls for Additional Steps to Address the Housing Market Crisis
Moody's Economist Mark Zandi and Home Loan Bank President Alfred DelliBovi Join Report Author James Lardner at 6/25/08 National Press Club Event; *Teleconference Included
Demos.org,Tim Rusch,Washington DC  06/30/2008