As the economy continues its crawl toward recovery, the upcoming Labor Day holiday could mark a turning point in a job market that has reached one of its lowest points in decades.
Read More »Bond Yields Push Mortgage Rates Down This Week
Long-term mortgages rates fell again this week, according to a survey released Thursday by mortgage financier Freddie Mac.
Read More »Distressed Sales Prove to Be a Drag on Local Home Prices
With the deepening mortgage crisis came a flood of foreclosed homes repossessed by lenders.
Read More »Mortgage Demand Drops Even as Rates Decline
Despite a dip in long-term mortgage rates, the number of people applying for a mortgage fell 2.2 percent last week, according to a weekly survey released by the Mortgage Bankers Association (MBA) Wednesday.
Read More »Goliaths of the Banking World Get Even Bigger
The phrase too big to fail ignited controversy mere months ago when the nation's banking system was feared to be teetering on the brink of collapse.
Read More »Three More Community Banks Shuttered by Regulators
The strain of the nation's economic downturn has led to unprecedented numbers of bank closures.
Read More »Credit Unions Buck the Crunch with Record Loan Originations
While the credit crisis continues to dominate the economic news, the country's 7,848 credit unions reported record-breaking performance in new loans granted in the first half of 2009.
Read More »Collaborative Trust Aims to Rebuild Foreclosure-Ravaged Neighborhoods
In an unprecedented move, major lenders, nonprofit housing organizations, and government enterprises have joined forces to reclaim neighborhoods devastated by high concentrations of foreclosed and abandoned property.
Read More »LendingTree Says It Can Help Lenders Identify Untapped Loan Volume
North Carolina-based LendingTree has launched a new online portal called Canopy, which the company says can show lenders where to find untapped loan volume and revenue.
Read More »Western States Crowned “Riskiest” for Mortgage Fraud
Mortgage fraud risk over the last year seems to have migrated westward, with Nevada and California dominating the 10 riskiest metropolitan statistical areas (MSAs), according to a new study released by Interthinx this week.
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