Last week FreedomWorks released a Wharton study titled “The Inequity of Subprime Mortgage Relief Programs“. This study has extensive research including the distribution of subprime mortgage debt outstanding. Interestingly enough you may be surprised at the distribution. Below is an excerpt of the analysis showing California, Florida, New York and Texas with the greatest Subprime […]
Foreclosure Self-Defense For Dummies brings foreclosure information out of the headlines and into the hands of people who need it most.
DETROIT, Feb. 19 /PRNewswire/ — Foreclosure self-defense expert Ralph R. Roberts, GRI, CRS, announced the publication of his new book Foreclosure Self- Defense For Dummies (Wiley, February 2008, 332 pages) today. The book, co- written […]
NEW YORK, Jan. 31 /PRNewswire-FirstCall/ — After the sharpest four-week decline in more than 18 years, mortgage rates bounced back, with the average conforming 30-year fixed mortgage rate now 5.88 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.38 discount and origination points.
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This week was a busy week. We started on the best footing with President Bush signing the $168 Billion stimulus package. Unfortunately one other headline made a larger impact on the day and that was the House of Representatives grilling of Roger Clemens on the allegation of Steroid Use. Many of the major news organization […]
With economic data coming out this week showing slower growth with 2.2% growth in the fourth quarter of 2007, foreclosure rates up by 79%, the Federal Reserve has acted and dropped the Fed Funds Rate by .50% to 3.0%
We will update you with a new graph of rates and a commentary. But now what is […]
