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Todays Current Mortgage Interest Rates November 23 2007
2007-11-23 17:31:31
November 23 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 23 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.20% 6.00% Get More Info 5.875% Get More Info 15 Year Fixed Average 5.83% 5.625% Get More Info 5.375% Get More Info 5/1 ARM Average 5.88% 5.50% Get More Info 5.25% Get More Info 3/1 ARM Average 5.42% 5.125% Get More Info 4.75% Get More Info 10-Year Treasury 4.04% - – 30-Year Treasury 4.47% - – USD LIBOR 6-mo 4.852% - – USD LIBOR 1-yr 4.472% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. Rates are subject to change without n
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Quote of the Day
2007-11-23 13:57:55
  “Concentration can be cultivated. One can learn to exercise will power, discipline one’s body and train one’s mind.” – Anil Ambani, Billionaire Businessman No Tags
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Subprime Mortgage Losses Not To Peak Until 2010
2007-11-20 14:11:44
Subprime Mortgage s Subprime mortgage losses may not peak until 2010. No Tags
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Minutes of Federal Open Market Committee, October 30-31, 2007
2007-11-20 13:27:03
For release at 2:00 p.m. EST The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on October 30-31, 2007. A Summary of Economic Projections made by Federal Reserve Board members and Reserve Bank presidents is also included as an addendum to these minutes. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. Summaries of Economic Projections are released on an approximately quarterly schedule. The description of economic and financial conditions contained in these minutes is based solely on the information that was available to the Committee at the time of the meeting. FOMC minutes can be viewed on the Board’s web site at www.federalreserve.gov/fomc. Minutes of Federal Open Market Committee, October 30-31, 2007 (320 KB PDF) No Tags


Todays Current Mortgage Interest Rates November 20 2007
2007-11-20 12:09:03
November 20 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 20 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.24% 6.00% Get More Info 5.875% Get More Info 15 Year Fixed Average 5.88% 5.625% Get More Info 5.375% Get More Info 5/1 ARM Average 5.96% 5.50% Get More Info 5.00% Get More Info 3/1 ARM Average 5.50% 5.125% Get More Info 4.75% Get More Info 10-Year Treasury 4.08% - – 30-Year Treasury 4.49% - – USD LIBOR 6-mo 4.845% - – USD LIBOR 1-yr 4.502% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. Rates are subject to change without n
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50,000 Tennessee Properties Listed For Foreclosure
2007-11-20 10:44:17
Foreclosure Mortgage Mess. According to Realtytrac, some 50,000 Tennessee properties have been listed for foreclosure. No Tags
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Impac Mortgage Holdings Hit by Margin Calls Delays Financials
2007-11-20 10:25:42
Impac Hit by Margin Calls Delays Financials Former Alt A Mortgage Market giant Impac Mortgage Holdings has revealed that it has been the subject of margin calls from Bear Stearns, noting that it cannot file its third-quarter financials on time and expects to report a ‘larger than anticipated loss’. Impac also revealed that it now has a “stockholders’ deficit.” At deadline time, its shares were trading down 10% to a new 52-week low of $0.68. In a filing with the Securities and Exchange Commission, Impac, a publicly traded real estate investment trust(REIT) said Bear Stearns had seized $286 million in residential loans from the company because of unmet margin calls. It also said it was in “technical default” on several warehouse lines. In late September they exited most origination markets, and closed its warehouse and commercial mortgage divisions. No Tags


This Day In America November 20
2007-11-20 10:10:35
On Today’s date in 1925, Robert F. Kennedy was born in Brookline, Mass. On Today’s date in 1967, the census clock at the Commerce Department ticked past 200 million. On Today’s date in 1975, after nearly four decades of absolute rule, Spain’s Gen. Francisco Franco died, two weeks before his 83rd birthday. Today TV personality Richard Dawson is 75. Survey says he was also excellent in ‘Running Man’ alongside the Governator. Today Singer Joe Walsh is 60. Today Actress Bo Derek is 51. No Tags
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Quote of the Day
2007-11-20 10:08:26
“The more credit you give away, the more will come back to you. The more you help others, the more they will want to help you.” – Brian Tracy, Author No Tags
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Todays Current Mortgage Interest Rates November 19 2007
2007-11-19 15:26:34
November 19 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 19 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.24% 6.125% Get More Info 5.875% Get More Info 15 Year Fixed Average 5.88% 5.625% Get More Info 5.375% Get More Info 5/1 ARM Average 5.96% 5.625% Get More Info 5.250% Get More Info 3/1 ARM Average 5.50% 5.50% Get More Info 5.00% Get More Info 10-Year Treasury 4.16% - – 30-Year Treasury 4.53% - – USD LIBOR 6-mo 4.809% - – USD LIBOR 1-yr 4.466% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. ConsumerMortgageReports.com 2004
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Fannie Mae Slides on News Report
2007-11-19 13:43:07
Fannie Mae Shares Slide on News Report An online article published Thursday afternoon by Fortune magazine questioned Fannie Mae’s accounting for bad loans, sparking a steep sell off in the stock and a quick response from Fannie Mae. The Fortune article, titled “Fannie Mae’s fuzzy math,” said the government sponsored enterprise has changed the way it accounts for bad loan losses in a way that could “mask that credit losses are rising above levels that the company predicted just three months ago”. In a Friday morning conference call, Fannie Mae chief financial officer Stephen Swad defended the company’s calculations of its loss ratio and said part of the $670 million credit loss provision reported for the third quarter will be recovered, because some delinquent loans purchased from mortgage securities will cure. Fannie Mae did not disclose its expected cure rate. The company’s stock fell about 10% Thursday after the online article was po
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This Week In Mortgage News
2007-11-19 13:35:04
Date ET Release For Actual Consensus Prior 20-Nov 8:30 Housing Starts Oct   1175K 1191K 20-Nov 8:30 Building Permits Oct   1200K 1261K 20-Nov 14:00 FOMC Minutes 31-Oct       21-Nov 8:30 Initial Claims 17-Nov   330K 339K 21-Nov 10:00 Leading Indicators Oct   -0.30% 0.30% 21-Nov 10:00 Mich Sentiment-Rev. Nov   75 75 21-Nov 10:30 Crude Inventories 16-Nov   NA 2814K No Tags
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This Day In America November 19
2007-11-19 13:23:16
On Today’s date in 1863, President Lincoln delivered the Gettysburg Address as he dedicated a national cemetery at the site of the Civil War battlefield in Pennsylvania. On Today’s date in 1959, Ford Motor Co. announced it was halting production of the unpopular Edsel. On Today’s date in 2002, the Senate voted 90-9 to approve creation of the Department of Homeland Security. On Today’s date in 2002, singer Michael Jackson made a public appearance at his Berlin hotel, briefly holding his youngest child, Prince Michael II, over a fourth-floor balcony rail in front of dozens of fans waiting below. He also looks a little different than he did in the 1980’s. Today Talk show host Larry King is 74. Today Broadcasting and sports mogul Ted Turner is 69. Today Fashion designer Calvin Klein is 65. Today Sportscaster Ahmad Rashad is 58. In 1972, he converted to Islam and changed his name from Bobby Moore. Today Actress Meg Ryan is 46. Today Actress-director Jodie Foster is 45. No Ta
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Quote of the Day
2007-11-19 13:08:49
  “Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation.” – Brian Tracy, Author No Tags
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Todays Current Mortgage Interest Rates November 16 2007
2007-11-16 12:58:02
November 16 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 16 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.24% 6.00% Get More Info 5.875% Get More Info 15 Year Fixed Average 5.88% 5.625% Get More Info 5.375% Get More Info 5/1 ARM Average 5.96% 5.625% Get More Info 5.250% Get More Info 3/1 ARM Average 5.50% 5.375% Get More Info 5.00% Get More Info 10-Year Treasury 4.14% - – 30-Year Treasury 4.51% - – USD LIBOR 6-mo 4.791% - – USD LIBOR 1-yr 4.514% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. ConsumerMortgageReports.com 2004-
Read more: Current

Hedge Fund Rankings
2007-11-29 20:46:59
(more…) No Tags
Read more: Hedge , Rankings , Hedge Fund

Todays Current Mortgage Interest Rates November 29 2007
2007-11-29 11:13:28
November 29 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 29 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.20% 5.875% Get More Info 5.75% Get More Info 15 Year Fixed Average 5.83% 5.50% Get More Info 5.25% Get More Info 5/1 ARM Average 5.88% 5.75% Get More Info 5.50% Get More Info 3/1 ARM Average 5.42% 5.50% Get More Info 5.125% Get More Info 10-Year Treasury 3.96% - – 30-Year Treasury 4.36% - – USD LIBOR 6-mo 4.906% - – USD LIBOR 1-yr 4.488% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. Rates are subject to change without not
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Quote of the Day
2007-11-29 10:53:40
“Those people who develop the ability to continuously acquire new and better forms of knowledge that they can apply to their work and to their lives will be the movers and shakers in our society for the indefinite future.” – Brian Tracy, Author No Tags
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Foreclosure Filings Up 2% From September
2007-11-29 09:57:48
(more…) No Tags
Read more: Foreclosure , September

Over 16% of Recent Homeowners Are Under Water
2007-11-29 09:34:54
Over 16% of Recent Homeowners Are Under Water Home values nationwide have declined 5.7% during the past 12 months, according to Zillow’s Q3 2007 Home Value Report, leaving many recent homeowners with negative equity. Zillows, an online real estate data provider, estimates that 16% of homeowners who bought in the last year and almost 18% who bought two years ago have current home values that are below the original mortgage amount. By comparison, fewer than 2% of owner who bought a home five years ago have seen their equity slide into negative territory, Zillows said. Housing markets with the greatest proportion of negative equity include California’s Central Valley, parts of Florida and Las Vegas, Zillows said. No Tags


HOUSE PRICES WEAKEN FURTHER IN MOST RECENT QUARTER
2007-11-29 09:34:40
HOUSE PRICES WEAKEN FURTHER IN MOST RECENT QUARTER First Quarterly Price Decline for U.S. since 1994 Washington , DC – For the first time in nearly thirteen years, U.S. home prices experienced a quarterly decline. The OFHEO House Price Index (HPI), which is based on data from sales and refinance transactions, was 0.4 percent lower in the third quarter than in the second quarter of 2007. This is similar to the quarterly decline of 0.3 percent (seasonally-adjusted) shown in the purchase-only index. The annual price change, comparing the third quarter of 2007 to the same period last year showed an increase of 1.8 percent , the lowest four-quarter increase since 1995. OFHEO’s purchase-only index, which is based solely on purchase price data, indicates the same rate of appreciation over the last year. The figures were released today by OFHEO Director James B. Lockhart, as part of the quarterly repor


$417,000 Is Still The Maximum Conforming Limit
2007-11-28 21:30:35
$417,000 Is Still The Maximum Conforming Limit Despite a two year decline of 3.65% in home prices, the conforming loan limit for mortgages purchased by Fannie Mae and Freddie Mac next year will remain at the 2007 level of $417,000, according to the Office of Federal Housing Enterprise Oversight. Only twice since 1980 has the average price of houses sold between one October and the next fallen, and both times, in 1994 and 1995, Fannie and Freddie elected to keep the ceiling on loans they can buy or guarantee at the then current level. In 2004, OFHEO, the safety and soundness regulator of the two government sponsored enterprises, took over responsibility for adjusting the limit. And in October, the agency offered a revised proposal for calculating and implementing decreases as well as increases, and said the limit would not be lowered for 2008, regardless of pricing data, to avoid disruption in the mortgage market and “assure an orderly and transparent process for any downward adj


www.mortgage.com
2007-11-28 17:01:50
www.Mortgage.com Reviewed and Taken Apart! ———- www.mortgage.com is an online home loan website that is owned by Citibank and it was formally owned by ABN AMRO. Citibank bought ABN AMRO in 2007. Within the www.mortgage.com websites “About” section, Citibank claims to have, “the most up-to-date rates” and offers information “from a variety of objective sources”, from this perspective - we respectively disagree… Yes they do have some helpful information about mortgage products, however, EVERY mortgage website does as well. It is obvious that information alone is not the most important thing to homeowners. Mortgage rates are the most important. Americans realize the interest rate they receive, equals how much of a mortgage payment they can afford. Therefore we found the best mortgage rates at ConsumerMortgageReports.com Mortgage Rates. Consumer Mortgage Reports reported on November 23 2007 that the best 30 year fixed interest ra


Todays Current Mortgage Interest Rates November 28 2007
2007-11-28 14:56:22
November 28 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 28 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.20% 5.875% Get More Info 5.75% Get More Info 15 Year Fixed Average 5.83% 5.50% Get More Info 5.25% Get More Info 5/1 ARM Average 5.88% 5.75% Get More Info 5.50% Get More Info 3/1 ARM Average 5.42% 5.50% Get More Info 5.125% Get More Info 10-Year Treasury 3.97% - – 30-Year Treasury 4.37% - – USD LIBOR 6-mo 4.862% - – USD LIBOR 1-yr 4.399% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. Rates are subject to change without noti
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Donate Bonuses to Foreclosure Fund
2007-11-28 12:50:39
Donate Bonuses to Foreclosure Fund A coalition of housing and community activists is calling on five Wall Street investment banks that “reaped” huge profits from funding and securitizing subprime loans to contribute their 2007 bonuses to a foreclosure prevention fund. It has been reported that as of June 1 2007, Bear Stearns paid out over $17 Billion in bonuses - despite 2 of their hedge funds have filed for bankruptcy protection The National Training and Information Center, the National Association for the Advancement of Colored People, and other groups contend that the investment banks pushed subprime lending to unsustainable levels and reaped tremendous profits and bonuses. The groups also are releasing a report that details Wall Street’s involvement in the subprime mortgage debacle. “Wall Street must do the right thing and forgo their lavish bonus to help families stay in their homes,” said NTIC board member Inez Killingsworth. “It’s tim
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This Day In America November 28
2007-11-28 12:38:30
On Today’s date in 1520, Portuguese navigator Ferdinand Magellan reached the Pacific Ocean after passing through the South America n strait that now bears his name. On Today’s date in 1967, actress-model Anna Nicole Smith was born Vickie Lynn Hogan in Houston. On Today’s date in 1990, Margaret Thatcher resigned as British prime minister during an audience with Queen Elizabeth II, who conferred the premiership on John Major. On Today’s date in 2001, Enron Corp. collapsed after would-be rescuer Dynegy Inc. backed out of an $8.4 billion deal to take it over. Today Singer Randy Newman is 64. He loves L.A. Today “Late Show” orchestra leader Paul Shaffer is 58. Today Actor Ed Harris is 57. Today Homeland Security Secretary Michael Chertoff is 54. Today Comedian Jon Stewart is 45. No Tags
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Schumer Urges Review of Countrywide Financial Collateral
2007-11-28 12:25:27
Schumer Urges Review of Countrywide Financial Collateral Senator Charles Schumer has urged the regulator of the Federal Home Loan Banks to undertake a special review of the loans that Countrywide Bank has pledged to collateralize $51 billion in advances from the FHLBank of Atlanta. The thrift subsidiary of Countrywide Finance increased its advance borrowings in the third quarter by $28.2 billion, up nearly 80% from those of the previous quarter. In a letter to the Federal Housing Finance Board, Schumer urged the regulator to “probe” the underlying risk of Countrywide’s collateral, which includes payment option mortgages. The senator said in a CNBC-TV interview that he has concerns about the Atlanta FHLBank’s ability to assess the risk of Countrywide’s collateral. “At a time when Countrywide’s mortgage portfolio is deteriorating, the Federal Home Loan Bank’s exposure to Countrywide poses an unreasonable risk,” the Senate Banking C
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Todays Current Mortgage Interest Rates November 27 2007
2007-11-27 22:03:57
November 27 2007 Daily Mortgage Rates via Email OR OR Mortgage Programs Mortgage Interest Rates for November 27 2007 Freddie Mac Average ‘Best-Rate’ 0 Points ‘Best-Rates’ 1 Point 30 Year Fixed Average 6.20% 5.875% Get More Info 5.75% Get More Info 15 Year Fixed Average 5.83% 5.50% Get More Info 5.25% Get More Info 5/1 ARM Average 5.88% 5.50% Get More Info 5.25% Get More Info 3/1 ARM Average 5.42% 5.50% Get More Info 5.00% Get More Info 10-Year Treasury 3.90% - – 30-Year Treasury 4.32% - – USD LIBOR 6-mo 4.894% - – USD LIBOR 1-yr 4.481% - – COFI-11th 4.383% - – Prime Rate 7.50% - – sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing All calculations are for illustration purposes only. ConsumerMortgageReports.com accepts no liability for lender inaccuracies and does not guarantee these exact rates or savings. Rates are subject to change without noti
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FHASecure Will Refinance Interest Only Mortgages and Some Option ARMs
2007-11-27 14:22:35
FHASecure Will Refinance Interest Only Mortgages and Some Option ARMs The Federal Housing Administration is willing to refinance certain delinquent borrowers with interest-only and payment-option adjustable rate mortgage under the FHASecure program, which is designed to rescue subprime borrowers. However, the delinquency on an IO or option ARM must be the result of an interest rate reset or the full amortization of the mortgage, according to the Department of Housing and Urban Development. Shortly after HUD launched FHASecure on September 5, lenders began asking whether IO and option ARMs would be eligible. Mortgage industry consultant Bud Carter pointed out the revision. “FHA will refinance almost any loan, except a conventional fixed rate mortgage that is delinquent,” he said. Mr. Carter is with Potomac Partners in Washington. Click here to complete: FHASecure No Tags


C-BASS Owned Fieldstone Files for Chapter 11
2007-11-27 13:18:35
C-BASS Owned Fieldstone Files for Chapter 11 The C-BASS owned Fieldstone Mortgage of Maryland which closed its doors last week has filed for Chapter 11 bankruptcy protection. According to the Mortgage Industry Directory, Fieldstone ranked 26th among all subprime lenders last year, funding $5.2 billion. According to its bankruptcy filing, its creditors include Morgan Stanley, Bear Stearns, and Countrywide Financial, among others. C-BASS, in turn, is owned by two publicly traded mortgage insurance companies, MGIC and Radian, which have been trying to sell the company and its servicing unit, Litton Loan Servicing of Texas. In February C-BASS bought Fieldstone, a publicly traded real estate investment trust, for $260 million. This past summer, in the wake of the margin calls, MGIC and Radian wrote down their interest in C-BASS by $1 billion. No Tags


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