Thursday, April 28, 2011

Neighborhood Stabilization: Tailored Tactics Needed

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Apr 28, 2011 11:16AM

Neighborhood Stabilization: Tailored Tactics Needed

Federal Reserve Governor Elizabeth A Duke told a Community Affairs Research Conference on Thursday that, while every community across the country has been affected by the financial crisis, the results look different in each. The impact of foreclosed, vacant and abandoned properties that threaten neighborhoods nationwide and the efforts needed to stabilize those neighborhoods are shaped by the circumstances that prevailed in those neighborhoods before the crisis hit. "Neighborhood stabilization efforts...

Apr 28, 2011 5:24PM

Mortgage Rates: Best-Execution Budges

Home loan borrowing costs improved enough today to say Best-Execution mortgage rates could be considered "in the process of" a shift lower. This doesn't mean all lenders are willing to quote lower Best Execution mortgage rates, but a few are offering "below current market" deals right now because the primary mortgage market is highly-competitive. This would be the first phase of a broader-based shift lower in Best Execution rates. Encouraging yes. Comforting No. CURRENT MARKET : The "Best Execution...


Micro News

4:56 PM:

Busy Week to End With More Econ... More Bernanke

4:15 PM:

Geithner-Hasty Spending Cuts Can Hurt Recovery - RTRS

2:31 PM:

GSE's Come Together on Delinquency Servicing Guidelines

1:03 PM:

DATA FLASH: 7 YR TSY Auction Results

12:45 PM:

Rate Sheet Gains Match MBS Price Appreciations

10:58 AM:

MBS Education: Pipeline Hedging Costs

10:01 AM:

DATA FLASH: Pending Home Sales Rise 5.1 pct

8:47 AM:

Fannie Mae Releases Monthly Summary

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Today's Comments

Adam Quinones

"Let the duration grab begin? Come on down in coupon....."

Frank Ceizyk

"Don, While you anonymously state the obvious, there are a growing number of people within various facets of the housing industry who are engaging in fixing..."

Brett

"That sounds about right. I hear a lot of people saying that they want to continue renting in case they lose their job and have to relocate. Normally, the..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

John Thompson

"Loan Scenario View All Post A Scenario Loan State: Missouri Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: 206291,600,000 Property Value..."

Romano

"Anyone know of a lender that can do vacant land loan in WI?"

Tony Brazell

""I started with TXHUD.com in March of this year. The only territory close to me and available was Fort Bend County in Texas. Over the first two to..."