Mortgage News Archive - November 2008
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Retailers Caught Flat-footed by Rapid Economic Slowdown
November 28, 2008It's Black Friday, will they come? Black Friday a term linked to the fact that traditionally all retailers "...
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President-elect Obama Subtlety Taking the Reigns of US Economic Policy
November 27, 2008In his regular press conferences behind the very Presidential-looking "Office of the President-Elect" podium...
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Federal Reserve Starts Printing Money to Jumpstart Lending
November 26, 2008The Federal Reserve and US Treasury have announced another bailout, this one theoretically for consumers and...
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Housing Inventories Grow, As Housing Prices Continue Plummeting
November 25, 2008Housing prices drop 11.3 percent, that largest descent in 40 years. One might expect that to bring on a...
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Citigroup Gets $20 Billion to Avert Collapse
November 24, 2008Following Friday's 60 percent plunge of Citigroup stock, the Federal government again works through the...
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Bankruptcy Reform Back on the Table
November 21, 2008One of the earliest ideas for helping homeowners facing mounting mortgage debt and potential foreclosure on...
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TARP is Closed for Relief Until Further Notice
November 20, 2008Remember what a crisis the $700 billion mortgage market bailout was--the very existence of the American...
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Fixing the Housing Market, Lots of Ideas...Any Answers?
November 19, 2008Almost a year into the dawning of the housing crisis (many chronologist are setting that around the January...
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G-20 Lots of Motion, Will There Be Action?
November 18, 2008The 20 most powerful industrial nations, and now the caretakers of an unprecedented global financial crisis,...
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FDIC Challenges Treasury with New Loan Modification Proposal
November 17, 2008On the heels of the Treasury and Federal Housing Finance Agency's (FHFA) loan modification plan for Fannie...
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Mortgage Rates Drop for Second Straight Week
November 14, 2008Another week of dismal economic data have again pushed down mortgage rates. Freddie Mac reported Thursday...
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US Treasury Shifts TARP Focus, Routs Global Markets
November 13, 2008Unclear on what facts had changed, Paulson outlined a radical departure from the core premise of the original...
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Government's Loan Modification Program May Fall Short
November 12, 2008Federal Housing Finance Agency (FHFA) Director James B. Lockhart unveiled the US government loan...
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Lower Mortgage Rates Not Sparking Home Buying
November 07, 2008In a typical mortgage market, significant drops in mortgage rates would sweep in home buyers and mortgage...
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Borrowers Switch to Fixed-Rate, FHA Mortgages in Record Numbers
November 06, 2008Mortgage Bankers Association's (MBA) most recent mortgage lending survey reveals borrowers shifting strongly...
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Barack Obama Wins, Presidential Agenda Begins Now
November 05, 2008President-elect Barack Obama has crossed many historical marks: winning the longest election, raising and...
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Election Day, What Does That Mean for Your Finances?
November 04, 2008Few Presidential campaigns have been run in the midst of crisis on the scale the US, and the World is...
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18% of Homeowners with Mortgages Underwater
November 03, 2008First American CoreLogic, representing direct mortgage data on 80% of all US mortgages, released its August...
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