Tuesday, August 11, 2009

Zillow: Slight Housing Stabilization in 2Q 2009. Hurdles Ahead

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TODAY'S HEADLINES

LATEST VIDEO

In-Depth Look - Auction Results 8.11
Treasury Auctions $37 Billion in 3-Year Notes; Further Reaction with Chris Ahrens of UBS Securities (Bloomberg News)
Decline in Home Prices Slows
The rate of decline of US home prices is slowing down, according to Zillow. CNBC's Diana Olick has the details.
Fed Begins Two-Day Policy Meeting
The Fed is beginning its two-day policy meeting on interest rates, and while a change in rates is not expected, traders and investors are looking for clues
In-Depth Look - TARP Report Raises Red Flags
Interview and discussion with the Chairman of the TARP Oversight Panel, Elizabeth Warren. She says U.S. funds given to banks are still on the balance sheet
JPMorgan Probe By UK Watchdog
J.P.Morgan fails to keep track of $14 billion of clients' money. (Bloomberg News)
The Fate of Bernanke
President Obama must decide before January whether to keep Fed Chair Ben Bernanke on the job. CNBC's Steve Liesman discusses Bernanke's likely

AROUND THE WEB

Obama puts out details of his derivatives proposal
Congressional Oversight Panel Warns of Threat to Smaller Banks
US Consumer Credit Shows Steepest Contraction in Over 5 Decades
Shattered Housing Dreams and the Painful Process of Household Deleveraging
Inflation Not a Problem, "Deflationary Depression" in Our Future, Prechter Says
Citigroup approves $6B in new lending initiatives
Zillow: Underwater Mortgages May Reach 30%

POPULAR FORUM DISCUSSIONS

has anyone heard of "home finance of america"?
Are lower rates gone forever?
Day before closing -- and I was surprised to find that a $100,000 mortgage (to choose an amount at random) actual means that the bank comes to the closing
Are only government loans audited? And how long after the process does this audit occur? It is my understanding that the form 4506t can take up to 45 days
Loan Scenario: OR, $258,500, 650, 87% LTV, Refinance (Rate and Term)

WIKI QUESTIONS AND ANSWERS

Mortgage News Daily



 

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Thursday, August 6, 2009

Mortgage Rates Remain Victim of Volatility. More on Appraisal Issues

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TODAY'S HEADLINES

LATEST VIDEO

Judge Delays SEC-BofA Settlement
A judge has refused to sign off on the multi-million dollar settlement between Bank of America and the SEC. CNBC's Mary Thompson has the story.
BofA Executives Forecasted Higher ML Losses
Bank of America says that Merrill Lynch did not become apparent until after the takeover. (Bloomberg News)
AIG, Fannie, Freddie - Stock Surge
A.I.G. rise more than 50%; Freddie and Fannie rallies $5.2 billion. (Bloomberg News)
FHFA Director James Lockhart Stepping Down
Lockhart Will Step Down Later This Month, Thinks Housing Market Has Stabilized (Bloomberg News)

AROUND THE WEB

Half Of US Mortgages Expected To Be Underwater By 2011 Says Deutsche Bank
White House Eyes Fannie, Freddie Overhaul
Board publishes "5 Tips for Dealing with a Home Equity Line Freeze or Reduction"
HUD charges Philadelphia apartment owners and tenant with denying housing to families with children
Moody's: Fannie Mae and Freddie Mac Likely to Be Wound Down
Shiller on Housing Speculators: If You Can't Beat 'Em, Join 'Em

POPULAR FORUM DISCUSSIONS

Taylor Bean and Whittaker - FBI Raid
Are all FHA loans required PMI?
War Room Classics
I have a short sale approved by bank last Friday and the bank needs the deal closed in 3 weeks. I went to Wells Fargo Home mortgage and started my first

WIKI QUESTIONS AND ANSWERS

Mortgage News Daily



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Wednesday, August 5, 2009

Taylor, Bean & Whitaker Shuts Down Lending Operations

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TODAY'S HEADLINES

LATEST VIDEO

Surviving Subprime: One Bank's Story
The Treasury Department says some banks are moving too slowly to modify troubled mortgages, but one bank which specializes in those mortgages has been
ADP Employment Report Analysis
An analysis of the ADP employment report with Chris Varvares, of Macroeconomic Advisers, and CNBC's Steve Liesman.
In-Depth Look - High-Yield Bond Spreads Near 18-Month Lows
Interview and discussion with Martin Fridson of the Fridson Investment Advisors. He says junk bond rally can sustain over next 18 months. (Bloomberg News
$2 Billion Dollars For Clunkers To Pass Before Recess
Cash for clunkers two billion dollars set to pass before summer recess. (Bloomberg News)

AROUND THE WEB

Fannie, Freddie regulator to leave post: official
Goldman Defends Its Trading Practices, Claims It Does Not Front-Run The Market
Farmland Values Decline
Commercial Real Estate: Toxic Asset or Simply Undervalued?
Earnings Preview: MBIA
Homebuilder D.R. Horton: Good News, Bad News

POPULAR FORUM DISCUSSIONS

Taylor Bean and Whittaker - FBI Raid
Are lower rates gone forever?
My home is currently 100k upside down. I have no 2nd mortgage. I'm wondering if a short sale is a good option for getting out of the home,do to the
I have the option of either a $1500 closing credit or knocking down my rate .25 for only 3/8 of a point (my understanding is that .25 usually costs a full

WIKI QUESTIONS AND ANSWERS

Mortgage News Daily



 

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Tuesday, August 4, 2009

Discussing Calls for Leadership in the Mortgage Industry

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TODAY'S HEADLINES

LATEST VIDEO

Housing Outlook - Pending U.S. Sales of Existing Homes Rise
Pending Home Sales Surge - Analysis and Discussion with Peter Boockvar of Miller Tabak (Bloomberg News)
Grading Govt's Mortgage Modification Plan
Kenneth Rosen, of the Fisher Center for Real Estate at UC Berkeley, and John Geanakoplos, an economics professor at Yale, discuss how effective the government's
Survey Says - Why Aren't the Biggest Banks Lending?
Modification System is Swamped; Treasury to Shame Banks into Mortgage Fixes? (Bloomberg News)
Home Builder Red Ink Rolls In
Second quarter new home orders rise compared to the first quarter. (Bloomberg News)

AROUND THE WEB

ABI: Personal Bankruptcy Filings up 34.3 Percent compared to July 2008
NMHC Quarterly Apartment Survey: Occupancy Continues to Decline, but Pace Slows
How Treasury Spins Its Mortgage-Modification Figures
FHA suspends Taylor, Bean, & Whitaker Mortgage Corp. and proposes to sanction two top officials
Alone in 32 Story Condo: How Did This Mortgage Close?
Bank of America's Tangle with the SEC is Quickly Settled

POPULAR FORUM DISCUSSIONS

A message from NAMB President Marc S. Savitt, -- The banks and Lenders that "prey" together, stay together!!!
Are lower rates gone forever?
I have a short sale approved by bank last Friday and the bank needs the deal closed in 3 weeks. I went to Wells Fargo Home mortgage and started my first
Loan Scenario: PA, $340,000, 580, 94% LTV, Purchase

WIKI QUESTIONS AND ANSWERS

Mortgage News Daily



 

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Read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/97607.aspx