Mortgage and Financial News From 2009-6-1 Page 01

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  • Colo. in middle for mortgage foreclosures - Birmingham Business Journal

    Colorado’s mortgage loan delinquency rate was among the lowest in the nation in the first quarter, and ranked in the middle of the 50 states in terms of number of foreclosures started, according to data released Thursday by the Mortgage Bankers ...
    2009-05-28 02:17:00
  • Commercial Real Estate - Daily Business Review

    he $40 million sale of an apartment complex in West Boca — the priciest multifamily deal in South Florida so far this year — is a promising sign for the residential market, brokers said. A Canadian apartment development and management company ...
    2009-06-01 07:06:00
  • Treasury Yields Soar as Worries Subside - Wall Street Journal

    Treasury Yields Soar as Worries SubsideWall Street JournalThe cost of borrowing longer-term US dollars in the London interbank market fell to 0.65%, marking its lowest rate since the British Bankers Association first published its Libor fixings in 1986. Traders also pointed to some selling by mortgage ...
    2009-06-01 09:03:48
  • Cutting Back on Meritage Homes ahead of Mortgage Application Data - Seeking Alpha

    Cutting Back on Meritage Homes ahead of Mortgage Application DataSeeking Alpha, NY[May 29, 2009: Bloomberg - Bernanke's Bid to Lift Housing Scuttled by Rising Rates] While all news is good news in this current mood the past 3 months, if mortgage applications skewer downward just because 30 years went from an abnormal 4.7-4.8% up to ...
    2009-06-01 04:05:09
  • Mortgage belt heads charge - WA today

    Mortgage belt heads chargeWA today, AustraliaRP Data national research director Tim Lawless said the figures showed buyers were taking advantage of "perfect buying conditions" of low interest rates, falling prices and the first home buyers boost (a $14000 grant to buy established homes or $21000 ...
    2009-06-01 06:01:01
  • readers' comments - New York Times

    readers' commentsNew York Times, United StatesEveryone forgets that back then the money market mutual funds were starving every thrift of liquidity as the thrifts were capped on the rates they could pay depositors. Money was flowing like a tsunami from the thrifts to the mutual fund managers. ...
    2009-06-01 09:37:58
  • readers' comments - New York Times

    readers' commentsNew York Times, United StatesThere's a vast difference between mingling the pools of capital available for mortgage and commercial lending (Garn - St GO), and letting the loan arm of a single institution lend to the investment arm of the same institution (repeal of Glass-Steagall) ...
    2009-06-01 09:37:58
  • Reagan Did What? The Fantasies of Paul Krugman - Lew Rockwell

    Reagan Did What? The Fantasies of Paul KrugmanLew Rockwell, CAKrugman writes: Reagan-era legislative changes essentially ended New Deal restrictions on mortgage lending – restrictions that, in particular, limited the ability of families to buy homes without putting a significant amount of money down. ...
    2009-06-01 10:01:13
  • Macomb citizens are coping effectively with the housing market - Macomb Daily Journal

    Macomb citizens are coping effectively with the housing marketMacomb Daily Journal, ILBy Erin McCarthy As the nation experiences record foreclosures and mortgage meltdowns, Macomb citizens are coping effectively and staying on top of the housing market. Daniel W. Morgan, senior vice president and mortgage originator at MidAmerica ...
    2009-06-01 10:19:43
  • Beat the banks - Irish Independent

    Beat the banksIrish Independent, IrelandOverpaying the mortgage would have the effect of shortening the term of the home loan and reducing the interest that has to be paid. However, some personal finance experts think this is not the best use of spare money when mortgage rates are so low. ...
    2009-06-01 10:49:16
  • INSTANT VIEW 4-Australia trade gives big lift to economy - Alibaba News Channel

    INSTANT VIEW 4-Australia trade gives big lift to economyAlibaba News Channel, NEW YORK"I think, the Reserve Bank of Australia now needs to seriously think about an exit strategy on these very low interest rates. Not only has the activity been picking up, but we have also seen a level of mortgage debt picking up. ...
    2009-06-01 10:49:38
  • GLOBAL MARKETS-Asia shares extend rally, hope worst is over - Forexyard

    GLOBAL MARKETS-Asia shares extend rally, hope worst is overForexyard, CyprusHeavy selling by mortgage players in response to a recent spike in home loan rates intensified the bond sell-off. The 10-year US note yield posted its biggest one-day spike in eight months and flirted with a six-month high set last week. ...
    2009-06-01 10:57:38
  • Miami Real Estate - How To Read The Figures In The Miami Real Estate Market (Turks.US)

    If you’re a first-time homebuyers in Miami real estate, it is a good idea to check out the status of the local real estate market to ensure that you are getting the best deals in the market.
    2009-06-01 02:57:07
  • Mortgage-Bond Yields Climb as Cycle With Treasuries Returns (Bloomberg)

    June 1 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage bonds soared, likely pushing up interest rates on new home loans after soaring last month and adding to the hurdles for a recovery in the housing market and economy.
    2009-06-01 04:37:50
  • Commodities Rise Most in 24 Years; Goldman Sees Gain (Update4) (Bloomberg)

    June 1 (Bloomberg) -- Manufacturers preparing for an economic rebound are rebuilding inventories of everything from benzene to plywood, sparking a commodities rally that Goldman Sachs Group Inc. says will produce 19 percent returns in a year.
    2009-06-01 04:47:50