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MBIA, Merrill Agree to Drop Mortgage-Debt Protection Suit

admin — Tue, 12 Jul 2011 21:25:19 +0000

MBIA, Merrill Agree to Drop Mortgage-Debt Protection Suit
Merrill Lynch & Co. units now owned by Bank of America Corp. (BAC) and MBIA Inc. (MBI) agreed to dismiss a breach-of-contract lawsuit over protection sold against mortgage-debt defaults, according to a court filing.

Mortgage rates drop to new 2011 lows

admin — Sat, 11 Jun 2011 21:31:35 +0000

Mortgage rates drop to new 2011 lows
Freddie Mac says the average on a 30-year loan fell to 4.49 percent and to 3.68 percent on a 15-year fixed mortgage.

Housing starts drop 10%

admin — Fri, 20 May 2011 22:32:34 +0000

Housing starts drop 10%
New home construction tumbled in April, the government said Tuesday, as the nation’s housing market remains weak.

Consumer Confidential: Mortgage rates drop, food and fuel prices rise, 401(k)s grow

admin — Thu, 12 May 2011 21:24:46 +0000

Consumer Confidential: Mortgage rates drop, food and fuel prices rise, 401(k)s grow
Here’s your these-are-the-breaks Thursday roundup of consumer news from around the Web: –In the market for a new home? The time might be right. Fixed mortgage rates have fallen to their lowest levels of the year, giving would-be home buyers…

Mortgage Delinquencies Post Big Drop in March

admin — Sun, 08 May 2011 21:28:33 +0000

Mortgage Delinquencies Post Big Drop in March
Mortgage delinquencies fell by 12% in March, the biggest monthly drop since the housing bust began, to the lowest level since 2008, according to LPS Applied Analytics.

Home prices in big U.S. cities continue to drop

admin — Wed, 27 Apr 2011 22:42:04 +0000

Home prices in big U.S. cities continue to drop
Home prices in 20 U.S. metropolitan areas nationwide, including New York, Miami and Boston, continued to fall in February, a leading measure for the U.S. residential housing market reported Tuesday.

Mortgage data reveals a sharp drop in house sales

admin — Sun, 13 Mar 2011 21:39:23 +0000

Mortgage data reveals a sharp drop in house sales
Buyers hold tight to their purses as inflation continue to rise and spending cuts begin to bite A 29% fall in house sales in January compared to December is being blamed on inclement weather, rising inflation and government spending cuts. The Council of Mortgage Lenders , which has collated the data, said an “unusual combination of factors” have led to the extreme drop, which is “greater than …

Middle East fuels a drop in mortgage rates

admin — Sun, 27 Feb 2011 21:35:05 +0000

Middle East fuels a drop in mortgage rates
Rates have dropped in two consecutive weeks after rising in mid-February. “Since then, we have seen some improvement,” says Reggie Green, a loan officer at Firstline Mortgage/Crossline Capital in Chandler, Ariz . “But it’s not a huge improvement (this week) from a week ago.”

U.S. Home Prices Probably Had Biggest 12-Month Drop in a Year

admin — Wed, 23 Feb 2011 22:27:34 +0000

U.S. Home Prices Probably Had Biggest 12-Month Drop in a Year
Residential real-estate prices dropped in the 12 months to December by the most in a year, a sign the U.S. housing market is struggling even as the rest of the economy recovers, economists said before a report today.

Business : Capital records up to 10% drop in Q3 home rents

admin — Thu, 30 Sep 2010 23:18:11 +0000

Business : Capital records up to 10% drop in Q3 home rents
ABU DHABI — Abu Dhabi’s housing rents weakened in the third quarter, falling up to 10 per cent depending on the buildings, a trend the property management firm Asteco predicted to continue.