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01/25/2008 Annual home-price growth seen in 31 states
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The housing slowdown hadn't produced annual price declines in 31 states as of last November, according to the latest home-price index from First American CoreLogic.
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01/25/2008 Trailing market's wild ride this week
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Wow. The basics: mortgages were at 5.75 percent last week, Monday a holiday, Tuesday markets stunned by the Fed's 0.75 percent cut; mortgages early Wednesday morning fell to 5.375 percent(!), wholesale rate-locking Web sites crashed in an hour, mortgages back up to 6 percent(!!) by Thursday noon. Citibank wholesale raised its rates nine separate times in 24 hours.
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01/25/2008 N.J. mortgage fraud ring exploited HELOCs, BLOCs
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Four mortgage brokers including the president of a New Jersey-based company, American Macro Growth, are accused of helping clients fraudulently obtain more than $20 million in home equity and business lines of credit from at least 16 banks.
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01/25/2008 Real estate journalism competition opens
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The Feb. 20 deadline is fast approaching for the National Association of Real Estate Editors' 58th Annual Journalism Awards Competition.
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01/25/2008 Big gains for overnight real estate rates
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Long-term mortgage interest rates rose sharply Thursday, and the
benchmark 10-year Treasury bond yield gained to 3.71 percent.
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01/25/2008 Consumer secrets Realtors can't afford to ignore
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(This is Part 3 of a three-part series. Read Part 1, "Get rich in a niche" and Part 2, "Marketing to younger, first-time buyers can pay off.")
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01/25/2008 Marketing advice for Realtors in 2008
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01/24/2008 Iggys House withdraws IPO
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Iggys House, a company that offers discount real estate services and also has mortgage operations, has withdrawn its request for initial public offering, according to documents filed Wednesday with the Securities and Exchange Commission.
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01/24/2008 House leaders back $625,000 conforming loan limit
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A $150 billion economic stimulus plan being negotiated by the Bush administration and congressional leaders could include a temporary boost in the $417,000 conforming loan limit on mortgages eligible for purchase or guarantee by Fannie Mae and Freddie Mac.
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01/24/2008 Fitch cuts Indymac debt ratings
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Citing continued weakness in the U.S. residential mortgage market and the "virtual absence of a private, secondary mortgage market," analysts at Fitch Ratings today downgraded the long-term issuer default rating of Indymac Bancorp Inc. to junk status.
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