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Apr 18 2008

Vacation and Investment Property Sales Strong Despite Market Troubles

Hundreds of thousands of American homeowners may be in desperate straits, facing crippling rate resets or worse, foreclosure, but others continued to purchase vacation homes and investment properties at a healthy rate.

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0 comments - Posted by eMortgageHow at 2:19 PM - Categories: Mortgage News

Apr 18 2008

Housing Slump May Affect More Banks, Says Rosengren

Speaking at a credit conference in Charlotte, North Carolina on
Friday, Boston Fed President Eric Rosengren addressed the current housing
price slump in the U.S., saying that it may continue affecting even more
banks.

In a panel discussion with Richmond Fed President Jeffrey Lacker,
Rosengren pointed to a lack of an additional buffer to banks' capital
and... Read More

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0 comments - Posted by eMortgageHow at 2:13 PM - Categories: FHA Mortgages

Apr 18 2008

Housing Slump May Affect More Banks, Says Rosengren

Speaking at a credit conference in Charlotte, North Carolina on
Friday, Boston Fed President Eric Rosengren addressed the current housing
price slump in the U.S., saying that it may continue affecting even more
banks.

In a panel discussion with Richmond Fed President Jeffrey Lacker,
Rosengren pointed to a lack of an additional buffer to banks' capital
and... Read More

Read more...

0 comments - Posted by eMortgageHow at 2:13 PM - Categories: FHA Mortgages

Apr 6 2008

$15 billion housing relief rackage up for Vote

The package has gotten praise from the mortgage industry, but housing advocates say it only offers homeowners modest help and is too generous to homebuilders....

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0 comments - Posted by eMortgageHow at 10:45 PM - Categories: Legislative News

Apr 4 2008