Congress isn’t going to be helping you, this year
The House of Representatives passed a bill last week that went a long way to addressing some of the crucial problems facing homeowners, these days. I won’t mention the specifics, because they are covered elsewhere. (It’s called the “Mortgage Reform...Country’s #2 lender foresees 30% drop in mortgage loans, next year
Damn! Washington Mutual Inc. (WaMu), the country’s largest savings and loan, told investors Wednesday that it expects mortgage originations nationwide to fall to $1.5 trillion in 2008 from a projected $2.4 trillion this year as housing prices decline. The...Those who can’t afford to buy aren’t buying
Off the wire: Declining availability of financing methods that allow people to buy a home without first accumulating a down payment is one of the key reasons for the housing slump, concludes new research published by the Federal Reserve Bank of Atlanta. The study...Problem solved: Countrywide to refinance $16 billion in loans
Well, that was easy! From the wire: Countrywide Financial Corp., the nation’s largest mortgage lender, is offering to refinance up to $16 billion of adjustable-rate mortgages. The lender announced the program today as pressure mounts from legislative and...Welcome members of the Mortgage Bankers Assocation
The Mortgage Bankers Association’s annual convention begins today in Boston. More than 4,000 lenders are expected to gather for an event that in previous years has been known for its lavish parties. But this year there is expected to be some belt-tightening in...Condo Listings by Neighborhood
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