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01/30/2008 New broker model: An alternative to the alternative
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Take one traditional real estate brokerage model, turn it upside down, nix the usual discounted commissions or rebates that come with a so-called "alternative" brokerage and you have Sawbuck Realty.
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01/30/2008 Fed slashes short-term rates again
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In an indication that the Federal Reserve sees an increased risk of recession, a committee that sets monetary policy cut two key short-term interest rates today by half a percentage point.
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01/30/2008 U.S. home-ownership rate continues to slip
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The home-ownership rate continues to retreat from record highs, as the number of owner-occupied homes declined in a year when the nation added 2 million new housing units.
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01/30/2008 Nightly real estate rates rise
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Long-term mortgage interest rates inched up Tuesday, and the
benchmark 10-year Treasury bond yield rose to 3.68 percent.
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01/30/2008 Refi apps jump 22%
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Despite a drop in home-purchase activity, overall mortgage application volume posted strong growth last week, the Mortgage Bankers Association reported today.
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01/30/2008 FBI says 14 mortgage financiers under investigation
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The FBI is reportedly investigating possible accounting fraud and insider trading at 14 companies in the financial services, mortgage lending and investment banking industry.
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01/30/2008 Market bear says housing recession worst in history
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01/30/2008 House OK's temporary increase in loan limits
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A $150 billion economic stimulus package overwhelmingly approved by the House of Representatives Tuesday would raise the conforming loan limit and the upper threshold for FHA loan guarantee programs to as much as $729,750 in high-cost areas -- but only until the end of 2008.
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01/29/2008 BofA says Countrywide deal on track
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Bank of America Corp. says it's moving forward with its $4 billion acquisition of Countrywide Financial Corp. even as the troubled lender reported a $422 million fourth-quarter loss.
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01/29/2008 Risk of delinquencies expected to rise for 18 months
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An index that tracks the risk of mortgage delinquencies based on housing prices, local economic conditions and fraud increased in the first quarter of 2008 by 23 percent from the previous quarter and 9 percent from a year ago, and is expected to continue rising during the next 18 months.
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