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03/19/2007 Study predicts 1.1 million foreclosures among ARM loans originated in last 3 years
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Chris Cagan, First American CoreLogic Inc.
Last week, former Federal Reserve Chairman Alan Greenspan told futures
traders at a conference in Florida that if home prices would just go up 10
percent, "the subprime mortgage problem would disappear."
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03/19/2007 Overnight real estate rates barely budge
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Long-term mortgage interest rates were mostly flat Friday, and the benchmark 10-year Treasury bond yield gained to 4.55 percent.
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03/19/2007 How Sub-prime Crisis Could Hurt Home Sales
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The sub-prime crisis has turned into quite a nightmare for some homeowners and the lenders who originated those loans. Now, the $64 million question is: if and how will it affect the housing market.
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03/19/2007 Housing Counsel: What Does a Seller Have to Disclose?
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Question: You once wrote that the condominium resale certificate that a potential buyer must receive should disclose any outstanding assessments. Is a seller required to disclose that there is a large upcoming assessment due to known problems in the entire complex. The condominium documents I received when I purchased my unit were outdated and incomplete, but because it was so close to the closing date, I foolishly completed the transaction. How do I determine if my seller knew of these problems and the pending assessment?
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03/19/2007 Market Chill Settles Over San Francisco Bay Area
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The nine-county San Francisco Bay Area housing market is taking it on the chin.
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03/19/2007 FHA May Have Loans for Many Home Buyers Frozen out of Subprime
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A hearing on Capitol Hill last Thursday focused attention on one of the key solutions for home buyers and refinancers squeezed out of the subprime market: FHA's insured loan programs, which typically offer lower interest rates, low downpayments, generous underwriting and superior consumer protections compared with subprime.
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03/16/2007 ACH cutting jobs at Ameriquest, Argent Mortgage
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Subprime lender ACC Capital Holdings, parent company of Ameriquest Mortgage Co. and Argent Mortgage Co, says it is closing operations centers in five states.
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03/16/2007 Housing to be a multiyear economic drag
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The 10-year T-note has been unable to break 4.5 percent in a half-dozen tries over three weeks, the same stopping point as last fall, which in turn has mortgages stuck above 6 percent. Without weak economic data, soon, long-term rates will rise.
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03/16/2007 Freddie, Fannie say Congress trying to have it both ways
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Fannie Mae and Freddie Mac will be in a better position to help housing markets weather the current turmoil in subprime lending if Congress doesn't give regulators free rein to decide how much debt they can safely take on, executives with the companies told lawmakers Thursday.
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03/16/2007 The lost renter
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