Home Loans Mortgage: Affordable Rental Housing Needed!

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Jun 9, 2011 3:51PM

Builder Report Offers Reminder. Affordable Rental Units Needed

Mortgage News Daily has written much content in recent months concerning the growth of the rental market and the difficulties communities are facing in keeping up with affordable rental housing needs. The latest release of the National Association of Home Builders' Multifamily Production Index (MPI) indicates developers are beginning to notice opportunities in the rental market and are stepping up production of multi-family housing. However, a second index embedded in the report, the Multifamily...

Jun 9, 2011 5:04PM

Mortgage Rates: Improvements Erased

After taking a breather early in the week, home loan borrowing costs resumed their rally yesterday. With those loan pricing improvements, conventional 30-year fixed mortgage rates were teetering on another shift lower in "Best Execution".... That didn't happen today. In fact, the exact opposite happened. All of yesterday's improvements were erased, leaving loan pricing essentially unchanged over the last three days. This serves as a reminder of the threats home loan borrowers face when floating a...

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Micro News

5:22 PM:	The Day Ahead: Import/Export Prices, IMF Decision, Fed-Speak
4:04 PM:	MBS Off Lows as Stocks Reach Resistance. Damage Done
2:28 PM:	New Capital Standards to Reduce Lending?
1:25 PM:	Auction Recap: Willing Buyers Seek Price Concession
12:35 PM:	Shiller: Home Prices Could Fall Another 10-25%
9:18 AM:	Builders Cut 2011 Construction Outlook
9:09 AM:	ECON: Trade Gap Narrows as Imports Tumble
9:05 AM:	ECON: Jobless Claims Higher than Forecast

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Around the Web

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Video News

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Today's Comments

	"Another 10-25% decline in home values would be DISASTROUS"
	"Hi, I was underwater a few years ago in GA. It is a terrible experience and I lost my home. When I bought the condo it had been appraised at a high rate..."
	"The problem is that you and the bank are more than likely going to have a completely different profile for "qualified borrower." If it were up..."

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Today's Q&A

	"Is real estate tax Paid "in advance" or for the past..."
	"I have excellent credit rating/score/history but low income,..."
	"I stopped paying my mortgage for 9 months but it has been a year..."

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Today's Forum Discussions

	"Please review the document below which contains information about our dynamic product TitleHound! Call me if you have any questions, or would like to set..."
	"Until recently we have always been able to get an addendum removing personal property from contract. Our underwriting department has recently indicated..."
	"We are in the final stages of what I thought would be a very simple mortgage refinance. We used the same lender who has had the loan for several years..."