Mortgage & Real Estate News

- Housing's Dilemma: There's Not Enough To Buy February 22, 2012
  Non-distressed sellers are making up less and less of the overall housing market. That does not a healthy housing market make. Without good, move-up homes available, the market cannot see real price appreciation....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. …
- VIDEO: A New Foundation For U.S. Affordable Housing Finance February 22, 2012
  How is the weak U.S. housing market affecting our public finance housing issue ratings? In this CreditMatters TV segment, Standard & Poor's senior analysts Larry Witte, Mikiyon Alexander, and Karen Fitzgerald discuss the market's impact on rating programs, the shift from single-family homeownership to multifamily rentals, the affordable housing industry's dependence on the federal government [...]...(read more)Forward this article via em …
- ING Direct' Name to Disappear: Customers Disgusted as Capital One Swallows Favorite Online Bank February 22, 2012
  Ever since the Federal Reserve approved Capital One’s takeover of ING Direct, customers have feared that their beloved bright-orange online bank would change. Turns out they were right to be scared, as a recent notice is circulating announcing that the “ING Direct” name will disappear, probably next year. What else is going to change? On [...]...(read more)Forward this article via email: Send a copy of this story to someone you know that …
- Shilling: Why Renters Rule US Housing Market (Part 1) - Bloomberg February 22, 2012
  Bloomberg Shilling: Why Renters Rule US Housing Market (Part 1) Bloomberg The collapse in housing and the 33 percent plunge in house prices since 2006 are favoring renting over homeownership. This trend will dominate the housing market for the next four or five years, and put additional pressure on a weak economy. and more »...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. …
- Aimed at Banks, Volcker Rule Hits Unlikely Targets February 22, 2012
  Aimed at Banks, Volcker Rule Hits Unlikely Targets<br/>http://www.cnbc.com//id/46480472...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. …
- Freddie Mac: February 2012 U. S. Economic and Housing Market Outlook February 22, 2012
  MCLEAN, Va., Feb. 22, 2012 /PRNewswire/ -- Freddie Mac (OTC:FMCC) released today its U.S. Economic and Housing Market Outlook for February showing cautious signs of the economy and housing m......(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. …
- The Economist: Dodd-Frank's "Failures," "Flaws" And "Muddle" Hurts Economy February 22, 2012
  The 2,300-page Dodd-Frank Act is a disastrous piece of legislation that is burdening the economy, increasing the size and scope of the Federal bureaucracy, and making the American financial system less transparent and less functional. That is the conclusion of an in-depth article in The Economist titled "Too Big Not to Fail" that appears in the magazine's Feb. 18 edition and is part of its cover story "Over-regulated America". Echo …
- Existing Home Sales: Jobs Still Needed For Recovery February 22, 2012
  A strong job market is necessary to give young couples confidence that they can take the plunge into homeownership, and not get caught in a fire sale situation by losing a job or a forced relocation....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. …
- HUD: HAMP's Role in the Settlement February 22, 2012
  An article in last Friday's Financial Times raises questions about the historic mortgage settlement between the five largest mortgage servicers in the United States, 49 state attorneys general, and the federal government. The article, entitled "US taxpayers to subsidise $40 bn housing settlement," argues that there is a taxpayer subsidy because modifications performed under the [...]...(read more)Forward this article via email: Send a copy …
- TransUnion: National Credit Card Delinquencies End 2011 Nearly 5% Lower Than Last Year February 22, 2012
  CHICAGO, IL (Marketwire) - The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. Average credit card debt per borrower increased $239 from the same period last year to $5,204, though it too remains near record-low levels. For the quarter, credit card delinquencies and debt both …