Owner: Consumer Mortgage Reports URL:http://www.consumermortgagereports.com/ Join Date: Thu, 21 Jun 2007 00:49:11 -0500 Rating:0 Site Description: All the latest mortgage news, videos, information, where to get your mortgage, when to get a mortgage, where to find your best interest rates, articles and editorials. Site statistics:Click here
Pimp My Home 2007-06-20 11:33:40 Realty Check: Pimp My Home
Using your home to help pay the mortgage bill. (...)
The Over-Stretched Credit Meltdown 2007-06-20 11:28:11 Subprime credit crunch?
CNBC talked to one expert on subprime mortgages about the outlook for the bonds used to back many of these risky loans. (...)
Read more:Meltdown
OFHEO RELEASES CONFORMING LOAN LIMIT GUIDANCE FOR COMMENT 2007-06-20 11:10:08 WASHINGTON, DC — The Office of Federal Housing Enterprise Oversight has placed on its Web site for public comment a guidance on conforming loan limit calculations. (...)
Read more:OFHEO
Coop Manhattan Mortgage Rate Refinance 2007-06-23 23:50:43
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Bear Stearns Staves Off Collapse of 2 Hedge Funds 2007-06-23 11:03:04
By VIKAS BAJAJ and JULIE CRESWELL
The high-stakes game of brinksmanship began early yesterday on Wall Street, and continued throughout the day. Bankers traded telephone calls, frenetically negotiating the fate of two hedge funds.
All wanted to avoid a fire sale in the troubled mortgage-securities market, but at the same time, not get stuck with an exploding liability that could result in steep losses. The day ended with deals that appeared to have forestalled a meltdown. But questions remained about how successful they were and whether they had merely delayed the inevitable.
As the morning unfolded, lenders to two hedge funds at a unit of Bear Stearns
, the investment bank, tried to ascertain what they could expect if they auctioned off mortgage securities with a face value of up to $2 billion. The solicitations were hastily withdrawn when investors reacted with little enthusiasm. But by the end of the day, some of the less-risky securities did change hands.
At the same time, sever Read more:Hedge
, Funds
, Hedge Funds
Bear Stearns Fund Collapse Sends Wall Street Shockwaves 2007-06-22 12:26:12
Play Video
Bear Stearns
Fund Collapse Sends Shockwaves Through CDO Market
Bloomberg-Clip - (BLOOM-Clip)
Jun. 21, 2007. 08:00 AM EST
Mortgage Securities Auction Rattles CDO Market
Collateralized Debt Obligation (CDO), Mortgage Bond Market, mortgage news, Mortgage Video
---Related Articles at Consumer Mortgage Reports:Wall Street
Crime - Bear Stearns"Disintermediation" = Bad News For Brokerage FirmsTodays Bond Market Fair To Slightly Good10 Year Bond Above 5% First Time Since August = Higher Interest RatesHR Block Is Still LoosingHigher Rates Looming - It Will Effect ALL Areas Of The Market
HR Block Is Still Loosing 2007-06-22 12:15:14
Play Video
Earnings Watch: H&R Block, AES, Pier 1
Bloomberg-Clip - (BLOOM-Clip)
Jun. 21, 2007. 08:00 AM EST
Shares Down - H&R Block 4Q, AES 1Q, Pier 1 Imports 1Q
H&R Block, mortgage news, Mortgage Video, Option One Mortgage
---Related Articles at Consumer Mortgage Reports:Bear Stearns Fund Collapse Sends Wall Street ShockwavesHigher Rates Looming - It Will Effect ALL Areas Of The MarketRising Rate Blood BathWall Street Crime - Bear StearnsSubprime Implosion And Now Rising Prime Mortgage Rates"Disintermediation" = Bad News For Brokerage Firms
Higher Rates Looming - It Will Effect ALL Areas Of The Market 2007-06-22 11:46:29
Play Video
Focus on REITs: Impact of Interest Rates
Bloomberg-Clip - (BLOOM-Clip)
Jun. 20, 2007. 11:00 AM EST
Analysis and Discussion with Featured Guest Martin Cohen of Cohen & Steers: Commercial Real Estate Facing Headwinds This Year
mortgage news, Mortgage Video, REIT
---Related Articles at Consumer Mortgage Reports:Rentals And Occupancys Are Good - REITs Are Happening!REIT Week In New York CityHow The Housing Slowdown Is Creating Apartment DemandApartment REITs Surge - Rents Due To Rise 6.5%Bear Stearns Fund Collapse Sends Wall Street ShockwavesHR Block Is Still Loosing
Read more:Higher
, Looming
, Market
Rising Rate Blood Bath 2007-06-22 11:41:22
Play Video
Rising
Mortgage Rates: Worst Will Not Be Over Until ‘08
Bloomberg-Clip - (BLOOM-Clip)
Jun. 22, 2007. 10:00 AM EST
Analysis and Discussion with Alan Gayle of Trusco Capital Management: Housing Could Take Out 0.5%-1% From GDP; Softness in Housing
mortgage interest rate projections, mortgage news, Mortgage Video, Todays Mortgage Interest Rates
---Related Articles at Consumer Mortgage Reports:Current Mortgage Interest Rates June 22 2007Current Mortgage Interest Rates June 21 2007Todays Current Mortgage Interest Rates June 20 2007Todays Current Mortgage Interest Rates June 19 2007Todays Current Mortgage Interest Rates June 18 2007Todays Current Mortgage Interest Rates June 15 2007
Read more:Blood
Wall Street Crime - Bear Stearns 2007-06-22 11:01:44
Play Video
Bear Stearns
Continues To Scramble To Save Two Hedge Funds Hard Hit By The Subprime Fallout
Bloomberg-Clip - (BLOOM-Clip)
Jun. 22, 2007. 06:00 AM EST
Bear Sterns saying it will take on $3.2 billion of loans to stop creditors from seizing assets of one of its money-losing hedge funds.
WOW, if this is true - honestly this is ALOT of crap! There are some real smart people, well educated Wall Street
executives that knew about the high risk mortgage paper that they were buying - they knew exactly what they had in front of them.
When you follow the money trail as you do in every crime and this is another Wall Street
crime, we uncover the massive greed of both high powered companies and CEO’s.
These institutions control massive wealth and can positively or negatively shape our country. In this case, they have negatively influenced our society by maintaining the ‘Donald Trump syndrome’. We have a great respect for the Donald, how
Current Mortgage Interest Rates June 22 2007 2007-06-22 09:03:36 CurrentMortgageInterestRates
by Email OR
Mortgage
Programs
Difference
Mortgage Interest Rates for
June 21 2007
Mortgage Interest Rates
for
June 22 2007
30 Year Fixed Average
Down .05
6.74%
6.69%
15 Year Fixed Average
Down .06
6.43%
6.37%
5/1 ARM Average
Down .06
6.37%
6.31%
3/1 ARM Average
Down .09
5.75%
5.66%
10-Year Treasury
Up .03
5.16%
5.19%
30-Year Treasury
Up .04
5.27%
5.31%
USD LIBOR 6-mo
Unchanged
5.393%
5.393%
USD LIBOR 1-yr
Up .014
5.439%
5.453%
COFI-11th
Unchanged
4.224%
4.224%
Prime Rate
Unchanged
8.25%
8.25%
sources: Freddie Mac, Federal Reserve, DTN, FHLBSF
Key: Rates Are Increasing
Rates Are Decreasing
Click here to complete: General Inquiry
mor Read more:Interest Rates
Current Mortgage Interest Rates June 21 2007 2007-06-21 09:12:26 CurrentMortgageInterestRates
by Email OR
Mortgage
Programs
Difference
MortgageInterest Rates
for
June 20 2007
MortgageInterest Rates
for
June 21 2007
30 Year Fixed Average
Unchanged
6.74%
6.74%
15 Year Fixed Average
Unchanged
6.43%
6.43%
5/1 ARM Average
Unchanged
6.37%
6.37%
3/1 ARM Average
Unchanged
5.75%
5.75%
10-Year Treasury
Up .05
5.11%
5.16%
30-Year Treasury
Up .05
5.22%
5.27%
USD LIBOR 6-mo
Down .005
5.398%
5.393%
USD LIBOR 1-yr
Down .026
5.465%
5.439%
COFI-11th
Unchanged
4.224%
4.224%
Prime Rate
Unchanged
8.25%
8.25%
sources: Freddie Mac, Federal Reserve, DTN, FHLBSF
Key: Rates Are Increasing
Rates Are Decreasing
mortgage interest rate projections, Read more:Interest Rates
Current Mortgage Interest Rates June 27 2007 2007-06-27 09:39:18 CurrentMortgageInterestRates
by Email OR
Mortgage
Programs
Difference
Mortgage Interest Rates
for June 26 2007
Mortgage Interest Rates
for June 27 2007
30 Year Fixed Average
Unchanged
6.69%
6.69%
15 Year Fixed Average
Unchanged
6.37%
6.37%
5/1 ARM Average
Unchanged
6.31%
6.31%
3/1 ARM Average
Unchanged
5.66%
5.66%
10-Year Treasury
Down .04
5.07%
5.03%
30-Year Treasury
Down .03
5.19%
5.16%
USD LIBOR 6-mo
Down .001
5.376%
5.375%
USD LIBOR 1-yr
Down .013
5.400%
5.387%
COFI-11th
Unchanged
4.224%
4.224%
Prime Rate
Unchanged
8.25%
8.25%
sources: Freddie Mac, Federal Reserve, DTN, FHLBSF
Key: Rates Are Increasing
Rates Are Decreasing
(more…)mortgage interest rate projections, Read more:Interest Rates
Bernanke vs. Washington 2007-06-26 16:59:16
Play Video
Previewing the Fed: Bernanke
vs. Washington
Bloomberg-Clip - (BLOOM-Clip)
Jun. 25, 2007. 11:00 AM EST
Roundtable Discussion with Tim McGee of U.S. Trust, and Featured Guest Jason Trenner of Strategas Research Partners; McGee Expects Fed Rate Cut by End of the Year; Trennert: Bigger Risk is that Economy is Too Strong; McGee: Treasury Yields Reflect Global
Ben Bernanke, Federal Reserve, mortgage news
---Related Articles at Consumer Mortgage Reports:Ben Bernanke - So Far So GoodTreasuries Now At Nine Month HighToughening Up on Mortgage GiantsThe Federal Reserve & Subprime ImplosionSubprime Implosion And Now Rising Prime Mortgage RatesIs The Federal Reserve Capable?
It’s The Right Time To Get A Really Sweet Deal 2007-06-26 12:57:08
Play Video
Sell This House!
KEPR-TV Pasco, WA - (KEPR)
Jun. 25, 2007. 01:22 PM EST
Nationwide, home sales dropped again to the lowest levels in four years
But what’s that mean for the almost-always-sunny Tri-Cities housing market?
Depends on who you ask.
housing market, Housing videos
---Related Articles at Consumer Mortgage Reports:Unsold Homes Highest In 15 YearsTodays Housing Numbers Are The Lowest In 4 YearsPark Plaza Hotel Is Raising EyebrowsApartments Turned Condos Provide Affordable HousingPimp My HomeWhy Hasn't The Slowing Housing Market Hurt The Economy More?
Read more:Right
, Sweet
Barclays Gets Boost In ABN Amro Takeover 2007-06-26 11:45:09
Play Video
Barclays
Gets Boost
In ABN Amro Takeover
Battle
Bloomberg-Clip - (BLOOM-Clip)
Jun. 26, 2007. 05:00 AM EST
ABN Amro get a ruling from the Dutch Admiral General
ABN AMRO, Barclays Bank, mortgage news, Mortgage Video
---Related Articles at Consumer Mortgage Reports:ABN AMRO Told 'No Need Stockholder Approval'Ben Bernanke - So Far So GoodMortgage Bond Network FalloutThe Federal Reserve & Subprime ImplosionEveryone Loves A Car Wreck: Risks in the MarketBear Stearns Fund Collapse Sends Wall Street Shockwaves
ABN AMRO Told ‘No Need Stockholder Approval’ 2007-06-26 11:41:35
Play Video
European Market News: Stocks Drop For Fourth Day, Barclay’s ABN Amro Bid
Bloomberg-Clip - (BLOOM-Clip)
Jun. 26, 2007. 08:00 AM EST
European Stocks Drop For Fourth Day, Led By Banks; Leading the Decline - BNP, Allianz, British Aerospace; Barclay’s ABN Amro Bid Boosted by Dutch Court Adviser
ABN AMRO, Bank Of America, Barclays Bank, mortgage news, Mortgage Video, Royal Bank of Scotland
---Related Articles at Consumer Mortgage Reports:Barclays Gets Boost In ABN Amro TakeoverABN AMRO's Colossal RulingRoyal Bank of Scotland Goes Hostile For ABN AMROBank of America Gets Down And Dirty For LaSalleABN AMRO Rejects RBS OfferLaSalle Bank Deal Frozen By Dutch Court
Read more:Approval
Unsold Homes Highest In 15 Years 2007-06-26 11:30:20
Play Video
AP Money Minute: Zoellick, Home Sales, More
Associated Press - (APTN)
Jun. 25, 2007. 06:21 PM EST
Robert Zoellick wins board approval to become World Bank president; Existing home sales last month hit their slowest pace in four years; Allstate agrees to a mass settlement of Mississippi homeowners’ damage claims from Hurricane Katrina. (June 25)
housing market, Housing videos, National Association of Realtors
---Related Articles at Consumer Mortgage Reports:It's The Right Time To Get A Really Sweet DealTodays Housing Numbers Are The Lowest In 4 Years
Park Plaza Hotel Is Raising EyebrowsApartments Turned Condos Provide Affordable HousingPimp My HomeWhy Hasn't The Slowing Housing Market Hurt The Economy More?
Read more:Homes
Subprime Mortgage and Credit Woes Tarnish Investor Optimism 2007-06-26 11:25:27
Play Video
Trader Talk: Subprime
and Credit Woes Tarnish InvestorOptimism
as First Half Comes to Close
Bloomberg-Clip - (BLOOM-Clip)
Jun. 26, 2007. 09:00 AM EST
Analysis and Discussion with Michael James of Wedbush Morgan Securities
Credit, Subprime Mortgage
---Related Articles at Consumer Mortgage Reports:The Over-Stretched Credit MeltdownConsumers Debt To Income Ratios Are Real HighRent Your Credit Scores - Here's How - Is It RightSubprime Mortgage Industry Is 'Making A Comeback'Don't Throw Out The Baby With The Bath WaterSubprime Implosion Issues Are Not Entirely Over
Current Mortgage Interest Rates June 26 2007 2007-06-26 10:07:22 CurrentMortgageInterestRates
by Email OR
Mortgage
Programs
Difference
Mortgage Interest Rates
for June
25 2007
Mortgage Interest Rates
for June
26 2007
30 Year Fixed Average
Unchanged
6.69%
6.69%
15 Year Fixed Average
Unchanged
6.37%
6.37%
5/1 ARM Average
Unchanged
6.31%
6.31%
3/1 ARM Average
Unchanged
5.66%
5.66%
10-Year Treasury
Down .02
5.09%
5.07%
30-Year Treasury
Down .02
5.21%
5.19%
USD LIBOR 6-mo
Down .014
5.390%
5.376%
USD LIBOR 1-yr
Down .049
5.449%
5.400%
COFI-11th
Unchanged
4.224%
4.224%
Prime Rate
Unchanged
8.25%
8.25%
sources: Freddie Mac, Federal Reserve, DTN, FHLBSF
Key: Rates Are Increasing
Rates Are Decreasing
(more…)mortgage interest rate proje Read more:Interest Rates
Todays Housing Numbers Are The Lowest In 4 Years 2007-06-25 10:59:43
Play Video
Existing Home Sales in the U.S.
Bloomberg-Clip - (BLOOM-Clip)
Jun. 25, 2007. 10:00 AM EST
Reaction with Paul Kasriel of Northern Trust
housing market, Housing
videos
---Related Articles at Consumer Mortgage Reports:It's The Right Time To Get A Really Sweet DealUnsold Homes Highest In 15 Years
Park Plaza Hotel Is Raising EyebrowsApartments Turned Condos Provide Affordable HousingPimp My HomeWhy Hasn't The Slowing Housing Market Hurt The Economy More?
Read more:Numbers
Mortgage Interest Rate Projections 2007-06-25 10:15:00
The housing market takes center stage this week as new and existing home sales results are released for May. It will be interesting to note if sales activity will follow suit with last week’s housing indicators.
Treasuries surged on Friday as fears of another failed hedge fund linked to the subprime sector created a flight-to-quality bid. Also, traders in the bond market were positioning themselves ahead of a lot of market moving data and a FOMC policy meeting slated for next week. The 10-year note was up 13/32 to 95-4/32 to yield 5.13%.
Economists are expecting downturn in the housing sector to get worse before it gets better.
housing market, mortgage interest rate projections, mortgage news
---Related Articles at Consumer Mortgage
Reports:Current Mortgage Interest
Rates June 27 2007Current Mortgage Interest Rates June 26 2007Current Mortgage Interest Rates June 25 2007Rising Rate Blood BathCurrent Mortgage Interest Rates June 22 2007Current Mortgage Interest Rates June Read more:Projections
New York City Adds 205,750 New Citizens 2007-06-29 09:53:31 New York
City has added more residents than any city in the United States since 2000. So many that the ‘new’ New Yorkers could fill a city the size of Boise, Idaho, bringing its population totals to an all time high.
New York City
is the only major old industrial town that has not experienced a shrinking in the number of its residents. The top 10 cities of a hundred years ago would have included places like Baltimore, now at 631,366, the 19th largest, Boston - 590,763, 22nd, Cleveland - 444,313, 40th and St Louis - 347,181, 52nd.
Each of the 10 largest cities once lay within 500 miles of Canada. Currently, seven of the top 10 are sun belt cities and they are closer to Mexico than Canada.
Some of the nation’s biggest cities today were mere blips on the radar at the turn of 20th-century America. Los Angeles, the nation’s second largest city with 3,849,378 people, had a population of just over 100,000 in 1900.
Dallas, Houston, San Antonio, San Diego and San Read more:Citizens
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