Mortgages / Published
August Nonfarm Payrolls Decline 84k, Unemployment Rate at 6.1%
$7,500 Tax Credit Now Available to First-Time Home Buyers
Study Says U.S. 'Housing Bubble Has Popped'
Fed's Fisher Says Inflation Might Not Moderate
Mortgage Delinquency Rate Hits 29-Year High in Second Quarter of 2008
Friday's Events: U.S. & Canadian Employment Reports; Ivey PMI
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The Nevada Financial Institutions Division has shut down Silver State Bank, an announcement said. The failure is the 11th this year for FDIC-insured institutions. The adopted son of GOP presidential candidate Sen. John McCain resigned from Silver State's board of directors in July.
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'Credit Slump For 18 More Months'
Unemployment climbs to 5-year high of 6.1 percent
Treasury Near GSE Bailout Plan: Report
Former subprime exec gets 18 year in prison
Lawyer: Rep. Rangel paid no mortgage interest on beach house, also didn't report rental income
Economic Slowdown in Rich Countries
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Fed's Fisher Says Inflation Might Not Moderate
Mortgage Delinquency Rate Hits 29-Year High in Second Quarter of 2008
Friday's Events: U.S. & Canadian Employment Reports; Ivey PMI
Study Says U.S. 'Housing Bubble Has Popped'
$7,500 Tax Credit Now Available to First-Time Home Buyers
August Nonfarm Payrolls Decline 84k, Unemployment Rate at 6.1%
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Quicken Loans Mortgage News. While rates may have increased slightly over the past 4 years, they’re still the lowest they’ve been over the course of 25 years. So while we may be hearing that rates have increased, it’s still an excellent time to purchase or refinance.
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Mortgage delinquency of at least 30 days was 6.4 percent as of June 30 on a seasonally adjusted basis, according to the National Delinquency Survey announced by the Mortgage Bankers Association. Delinquency rose from the first quarter. But second-quarter subprime delinquency declined to 18.7 percent, the report indicated. Late payments on loans insured by the Federal Housing Administration also were down, falling for the second straight quarter to 12.6 percent.
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HomeForeclosureFighter.com announced that it has helped put nearly 100,000 borrowers in contact with foreclosure prevention specialists this year. A new vacant property registration service has been launched by First American Field Services and First American Real Estate Tax Service, a press release said. HomeServices of America announced last week that its 375 branch offices throughout 19 states specialize in managing, renting and selling REO properties.
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Value Financial announced that its warehouse lines were increased to $5 million. The company's chief executive officer told MortgageDaily.com that originations are expected to go from $125 million last year to $250 million by next year. Over the next 12 months, he said the company will likely add 175 positions.
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CME Group Volumes Fell 32% in August
Initial Jobless Claims Rise to 444k
Thursday's Events: ECB & BOE Rates, ADP Employment, ISM Services, Fed-Speak
$7,500 Tax Credit Now Available to First-Time Home Buyers
Mortgage Rates are Mixed, but ARMs Nearly Disappear as Factor in Financing
Economists Say Fed's Beige Book is Downbeat, but No Regions in Outright Decline
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Economic Slowdown in Rich Countries
Public-Data Site Planned To Sell Information
Interest rates held for fifth month - PA
30-Year Mortgage Rates Dip to 6.35%
Baytown woman sues over predatory lending
House prices fall at record ra…
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