Modest Inflation Expectations Allow Mortgage Rates to Once Again Set New Record Lows

September 3, 2010 By: Freddie Mac

McLean, VA – Freddie Mac (OTC: FMCC) has released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991,...

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Affordable housing numbers will improve, conference told

September 2, 2010 By: ABC News

A national conference on homelessness has heard there should be significant progress on the issue in the next two years as homes built with stimulus money are finished.

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HUD SECRETARY ANNOUNCES NATIONAL FIRST LOOK PROGRAM TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS HARD-HIT BY FORECLOSURE

September 2, 2010 By: HUD

WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has announced an unprecedented agreement with the nation's top mortgage lenders to offer selected state and local governments, and nonprofit organizations a "first look" or right of first refusal to purchase foreclosed hom...

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Departing Obama adviser urges more stimu

September 2, 2010 By: Washington Post

Departing White House chief economist Christina Romer urged Congress on Wednesday to "finish the job of economic recovery" by pumping more cash into the economy through additional tax cuts for businesses and middle-class families, as well as fresh investments in the nation's infrastructure.

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Mortgage applications rise 2.7 pct on low rates

September 2, 2010 By: AP

NEW YORK — Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. The Mortgage Bankers Association said Wednesday the increase was led by a 2.8 percent rise in refinance applications. The number of loans...

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U.S. Economy: Manufacturing Unexpectedly Expands at Faster Pace

September 2, 2010 By: BusinessWeek

Manufacturing in the U.S. expanded at a faster pace than forecast in August as factories added workers and cranked up production.

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Stabilizing Neighborhoods: Lessons Learned from the Field

September 2, 2010 By: Federal Reserve Board Governor Elizabeth A. Duke

Good morning. I want to welcome you to the Federal Reserve Board for this two-day summit to examine the problems associated with vacant and abandoned property and to explore innovative approaches to neighborhood stabilization.

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OCC Survey Finds Bank Underwriting Standards Remain Tight

September 2, 2010 By: Office of Comptroller of the Currency

WASHINGTON — The Office of the Comptroller of the Currency has released its 16th annual Survey of Credit Underwriting Practices and reported that the trend of tightening underwriting standards has continued for the last three years. However, the OCC is beginning to see some easing of standards in r...

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Exclusive: U.S. small business borrowing edges up in July

September 1, 2010 By: Reuters

Small U.S. businesses boosted borrowing just slightly in July, data released by PayNet Inc on Wednesday showed, adding to signs the economic recovery is gaining little steam.

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17,000 people attend loan-modification marathon in West Palm Beach

September 1, 2010 By: Palm Beach Post - FL

WEST PALM BEACH — The Neighborhood Assistance Corp. of America is finishing up its five-day mortgage modification event tonight with about 31 percent of homeowners walking out with a new lower monthly loan payment

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