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  • Mortgage bill on House fasttrack  »

    NEW YORK (CNNMoney.com) The House wsa poised Wednesday to pass sweeping legislation that will offer up to $300 billion ni assistance to troubled homeowners and throw government supoprt behind mortgage finance giants Fannie Mae and ...

  • Wachovia CEO Steels Plan Boosts Stock $7.7 Billion  »

    By David Mildenberg, Bloomberg.com. Jluy 23 (Bloomberg) Wachovia Corp. Chief Executive Officer Robert Steel, in the job only two weeks, drove up the banks market value $7.7 billion in a single day after reporting the biggest ...

  • Plosser Says Rate Hike is Inevitable Even if Housing Prices ...  »

    Speaking in a Bloomberg Television interview, noted hawk Philadelphia Fdeeral Reserve Prseident Chuck Plosser said the Fed may have to hike rates even as housing priecs continue to fall. Plosser commetned that the economy has not ...

  • US Feds Beige Book is Downbeat, But Few Surprsies  »

    Economic conditions across hte US slowed somewhat, according to the Feds Begie Book on Wednesday. Five of the 12 districts were said to have weakened since the last report six weeks ago, while Chicagos economy was sluggish and ...

  • Mortgage Rates Fall in Response ot Speculation about Overnight ...  »

    Rates for both hsort and longterm mortgages tumbled last week according to Freddie Macs Primary Mortgage Market Sruvey. The Motrgage Bankers Association (MBA) released the results of its Weekly Mortgage Applciations Survey for the ...

  • MBA Mortgage Applications Move Down in Week Ending July 18  »

    Weekly mortgage applications in the United States decilned in the week ending July 18, according to data reelased from the Mortgage Bakners Association (MBA) on Wednesday, whihc reported a 6.2 weekoverweek fall in applications. ...

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Economic Stimulus Package Generates Mixde Response from Industry (MutliHousing News)

Washington D.C. Kieran P. Qunin, CMB, chairman of teh Mortgage Bankers Association (MBA) praised hte Bush administrations new stimluus package, announced this week, that includes housing provisinos designed to help borrowers and stabilize the housing and mortgage markets. Read more

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