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Countrywide CEO Angelo Mozilo Under SEC Spotlight
Reuters News Service and the Associated Press are both quoting a story in the Wall Street Journal on Wednesday that the controversial CEO of Countrywide Mortgage, Angelo Mozilo, is under an informal investigation by the Securities and Exchange Commission
01-29-2008 Tags , , , ,

Mortgage Rates Boosted By Solid Jobs Report - Construction Jobs Suffer
Buoyed by the strong employment figures for September that were released last week, mortgage interest rates rose slightly in all categories according to Freddie Mac's Primary Mortgage Market Survey for the previous week. It is interesting that, with
01-28-2008 Tags , , ,

My brain is full, and my extrovert buffer overfloweth
My brain is full, and my extrovert buffer overfloweth I'm freshly back from 2 days in Chicago, representing my fair Ypsi at the National Brownfield Association's "The Big Deal" conference, and, after 2 full days of being "on", am q
01-27-2008 Tags , , , ,

Builder Spirits Not Rebounding While Housing Starts, Permints Continue To Slide
There is an old Western expression that a person's mood is "lower than a snake's belly." Well lift up that snake and you just might find a home builder under it. NAHB Chief Economist David Seiders said, "Consumers are still tryin
01-27-2008 Tags , , ,

Dozens of Our Readers Report From the Housing Front
A few weeks ago we asked you to tell us what you were seeing out there; stories about the effects of the subprime debacle and the credit crunch on those who are on the ground and feeling the real impact. We heard from you LOUD AND CLEAR. We have had dozen
01-25-2008 Tags ,

Still Too Much Air In The Market
Still Too Much Air In The Market The Enquirer reports from Ohio. "Owners of low- to mid-priced houses aren't the only ones losing their homes to foreclosure in Greater Cincinnati and Northern Kentucky. Expensive homes are falling into foreclosure,
01-24-2008 Tags , , ,

Bear Stearns To Cut Back On Mortgage Products
Bear Stearns To Cut Back On Mortgage Products MortgageNewsDaily.com Video News BLOOM Oct. 23, 2007. 12:14 AM EST A look at what the future holds for investment firms such as Bear Stearns. Click Here To View Video News Tags: Chic
01-23-2008 Tags ,

Fed President Says Policymakers Must Act Against Worsening Housing Slump
Fed President Says Policymakers Must Act Against Worsening Housing Slump MortgageNewsDaily.com Video News BLOOM Oct. 23, 2007. 06:33 AM EST Fed president stresses importance of risk management in determining Fed policy. Click He
01-22-2008 Tags , , , ,

Regional Breakdown of Home Sales
Regional Breakdown of Home Sales MortgageNewsDaily.com Video News CNBC Oct. 24, 2007. 12:34 AM EST The West and South lead the price drops while the Northeast and Midwest see price increases. Click Here To View Video News Tags:
01-20-2008 Tags , ,

Wall St. Liable for Loans?
Wall St. Liable for Loans? MortgageNewsDaily.com Video News CNBC Oct. 23, 2007. 1:25 PM EST A look at a new mortgage bill that's on the table in Congress, with John Taylor, CEO of the National Community Reinvestment Coaliti
01-19-2008 Tags , ,

Merrill's Massive Write-Downs
Merrill's Massive Write-Downs MortgageNewsDaily.com Video News CNBC Oct. 24, 2007. 9:09 AM EST Details on Merrill's $7.9B worth of write-downs. Click Here To View Video News Tags: Chicago mortgage Original post by Mort
01-13-2008 Tags , , , ,

How to limit home ownership for the poor
The Mortgage Reform and Anti-Predatory Lending Act of 2007 has passed out of Chairman Barney Frank's House Financial Services Committee. It's now headed to the full House for a vote. In the name of protecting the poor from market predators it wi
01-09-2008 Tags , , , ,

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