Wednesday, August 17, 2011

Renters Plan to Continue Renting. Blame Uncertainty

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Aug 17, 2011 11:39AM

Renters Plan to Continue Renting. Blame Uncertainty

Uncertainty and apprehension appear to be influencing the economy as much as reality according to the latest National Housing Survey (NHS) conducted by Fannie Mae. The survey found growing pessimism about employment, the economy, and the role of housing in individual lives; a concern that appeared to mount throughout the second quarter and into July. The telephone survey was conducted with 3,002 persons in the April through June period and included both homeowners and renters and a subset of homeowners...

Aug 17, 2011 9:04AM

Big Banks Shedding Assets; Will Small Banks Keep Originating Mortgages? How Borrowers Opt Out of Trigger Lead Lists

We're in the middle of baseball season, and here's a non-mortgage video that has people saying, "No way": BatterUp! Small banks can still originate mortgages, but many may stop due to compliance overload: AnotherUnintendedConsequence . Larger banks, on the other hand, seem to be interested in shedding assets. Flagstar Bancorp sold 22 retail branches in Indiana to First Financial Bancorp for $23 million more than the deposits held by the banks. The deal should close in December, and according to Flagstar...


Micro News

3:16 PM:

Busiest Day of The Week For Scheduled Economic Data Ahead

2:39 PM:

Stocks Fail to Break Into Positive Territory, Bonds Keep Cruisin'

1:30 PM:

Fed's Fisher: Congress, Not Fed, Must do More for Economy

11:56 AM:

Treasury: Thirty-Seven Additional Community Banks Get $418 Million Small Business Capital

10:30 AM:

Dataquick: Californa Home Sales Down 11% in July

10:28 AM:

Freddie Mac: August 2011 Economic and Housing Market Outlook

8:33 AM:

ECON: July Core Producer Prices Accelerate

4:49 PM:

Freddie Mac: Revised Quality Control and Mortgage Eligibility Requirements in Guide Bulletin 2011-15

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Today's Comments

Steve Chizmadia

"The guys at mortgage news daily took a road less travelled as compared to their competitors. They utilizied a theory based on the historical performance..."

Ricardo  Cobos

"The news is unfortunate, but it is the truth and so it should be reported. Take for example Raleigh North Carolina, arguably the healthiest real estate..."

Adam Quinones

"..and the negative feedback loop gains a little more momentum."

Today's Q&A

Anonymous

"Is it illegal for a bank to sell a loan to another entity without..."

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"To calculate my next months interest amount, do I multiply the..."

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"Is a mortgage considered a respa document?"

Today's Forum Discussions

Jaclyn Emma

"Did you know in 2009 alone lenders and consumers paid over $ 3 Billion for Title Insurance compared to the lowest rates available? FirstClose Title is..."

Aniruddha Mitra

"Hello: My zip code is 20171(VA) and have 1st+2nd mortgage=720K @4.625%(jumbo limit is 729K for this county). I am looking for a 30 year no cost refinance..."

Richard Bacon

"Hi friends, I am going to sell my property without an agent. Does anybody have any idea please assist me. Thanks Richard Bacon"