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- Kirk Haverkamp - MortgageLoan.com | 09/30/2009 - 12:10am
The U.S. gross domestic product shrunk at an annual rate of 0.7 percent in the second quarter of the year, far slower than in the preceding quarter and less than previous estimates had predicted.
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- Kirk Haverkamp - MortgageLoan.com | 09/29/2009 - 12:19am
U.S. home prices rose for the third straight month in July, according to a leading index, but the good news comes against a background of more recent data showing continued trouble for the economy.
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- Kirk Haverkamp - MortgageLoan.com | 09/28/2009 - 12:09am
The U.S. Treasury will provide up to $35 billion over the next three years to state housing agencies to support low- and moderate income mortgages, according to new reports.
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- Kirk Haverkamp - MortgageLoan.com | 09/25/2009 - 5:36pm
Sales of newly constructed single-family homes rose for the fifth month in a row in August, according to figures released today by the U.S. Census Bureau and Department of Housing and Urban Development (HUD).
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- Kirk Haverkamp - MortgageLoan.com | 09/24/2009 - 12:10am
Seeking to avoid a big jump in interest rates, the Federal Reserve has voted to stretch out its program to buy mortgage-backed securities and other debt to ease the impact on credit markets.
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- Kirk Haverkamp - MortgageLoan.com | 09/23/2009 - 12:52am
Interest rates on 30-year mortgages fell below the 5 percent barrier last week for the first time since May, prompting a surge in homeowners seeking to refinance their mortgages, according to the weekly rate survey from the Mortgage Bankers Association.
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- Kirk Haverkamp - MortgageLoan.com | 09/22/2009 - 12:46am
U.S. housing prices rose 0.3 percent in July, somewhat weaker than analysts had expected, according to figures released today by the Federal Housing Finance Agency (FHFA).
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- Kirk Haverkamp - MortgageLoan.com | 09/21/2009 - 12:17am
The Federal Housing Administration has announced that it will require higher credit scores and tighten credit requirements in general for both lenders and borrowers, effective January 1.
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- Kirk Haverkamp - MortgageLoan.com | 09/18/2009 - 12:53am
Fifteen-year mortgage rates hit their lowest level in at least 18 years last week, dropping to an average 4.47 percent and 0.6 points, megalender Freddie Mac announced Thursday.
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- Kirk Haverkamp - MortgageLoan.com | 09/17/2009 - 12:05am
New housing construction starts rose modestly in August, continuing a generally upward trend since last spring and providing further hope that the housing market and economy are stabilizing after the worst economic downturn since the Great Depression.
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- Kirk Haverkamp - MortgageLoan.com | 09/16/2009 - 12:42am
The recession is probably over, at least from a technical standpoint, Federal Reserve Chairman Ben Bernanke said Tuesday, although the economy will likely continue to struggle for another year or more.
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- Kirk Haverkamp - MortgageLoan.com | 09/15/2009 - 12:37am
U.S. retail sales rose 2.7 percent in July, driven largely by automotive sales but reflecting gains in general merchandise and food service sales as well, the Commerce Department announced today.
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- Kirk Haverkamp - MortgageLoan.com | 09/14/2009 - 12:27am
In an effort to help homeowners avoid foreclosure, the Federal Deposit Insurance Corp. (FDIC) is urging its partner banks to temporarily reduce mortgage payments for borrowers who have become unemployed or underemployed.
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- Kirk Haverkamp - MortgageLoan.com | 09/11/2009 - 5:06am
U.S. home prices rose for the fourth consecutive month in August, according to the monthly Standard & Poors/Case Shiller Index, although rising unemployment and the pending expiration of the first-time homebuyer's tax credit raise doubts about whether the trend can be sustained.
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- Kirk Haverkamp - MortgageLoan.com | 09/11/2009 - 12:25am
U.S. Rep. Barney Frank (D-Mass.) and other leading Democrats have indicated that they may try again to pass "cramdown" legislation giving bankruptcy judges authority to modify mortgages if lenders don't do a better job of assisting at-risk homeowners.
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- Kirk Haverkamp - MortgageLoan.com | 09/10/2009 - 12:45am
Foreclosure filings dropped slightly in August, but still remained near record levels, according to figures released this morning by the foreclosure tracking firm RealtyTrac.
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- Kirk Haverkamp - MortgageLoan.com | 09/09/2009 - 12:10am
Applications for new mortgages jumped sharply last week, as 30-year fixed interest rates dropped toward the magic 5 percent level, according to the weekly survey by the Mortgage Bankers Association.
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- Kirk Haverkamp - MortgageLoan.com | 09/08/2009 - 12:11am
U.S. housing prices fell slightly in July, reversing four months of modest gains, according to the latest IAS360 survey of major housing markets.
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- Kirk Haverkamp - MortgageLoan.com | 09/04/2009 - 12:47am
The IRS will likely start taking a closer look at mortgage interest deductions and payments in an effort to identify tax cheats who are underreporting their income or not filing at all.
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- By:
- Kirk Haverkamp - MortgageLoan.com | 09/02/2009 - 12:36am
Mortgage rates fell last week, but the decrease failed to spur homeowners and potential home buyers into additional mortgage refinances and home purchases, according to figures released today by the Mortgage Bankers Association.
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- Kirk Haverkamp - MortgageLoan.com | 09/01/2009 - 12:05am
Pending home sales rose in July for the sixth consecutive month, the longest streak of monthly increases since the National Association of Realtors (NAR) began tracking the data in 2001, one of several reports today offering positive economic news.
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