JANUARY 2005 MORTGAGE NEWS
JANUARY 2005 MORTGAGE NEWS
Agent Expectations Part II
Monday Jan 3, 2005 10:34 AM EST
Here are a few more things you should expect from a real estate agent in return for that average 5.2% commission, along with a few things you have no right to expect.
Don’t Let The Figures Throw You, Look For Trends
Tuesday Jan 4, 2005 9:36 AM EST
If all the real estate and mortgage reports seem contradictory, just remember the old adage about proving anything with statistics. Overall they make sense if you look for patterns rather than paying strict attention to the numbers.
Fannie Starts the Long Process of “Digging Out.�
Tuesday Jan 4, 2005 9:44 AM EST
In its first move to put a debilitating scandal behind it, Fannie Mae offers a huge bunch of preferred stock to private investors.
Its National Radon Action Month
Wednesday Jan 5, 2005 9:00 AM EST
Many people know nothing about radon, and it is a potential killer. Observe National Radon Action Month by learning something about this naturally occurring gas, and by testing your home.
Mortgage Rates Rise For Second Straight Week
Tuesday Jan 4, 2005 9:08 AM EST
Freddie Mac issues weekly interest rate report. While rates are up, the changes are marginal.
Freddie Mac Issues Annual Adjustable Rate Mortgage Survey
Friday Jan 7, 2005 4:57 PM EST
Freddie Mac issues 21st annual survey of adjustable rate mortgages. In spite of lender discounts, savings and popularity are declining.
Alaska Eliminates Dual Agency
Friday Jan 7, 2005 5:11 PM EST
Effective January 1, real estate offices can no longer provide dual agency in Alaska.
Fannie Mae Appoints New Independent Auditor
Friday Jan 7, 2005 5:18 PM EST
Fannie Mae has appointed Deloitte & Touche, LLP as its new auditor.
FHA Raises Mortgage Limits
Friday Jan 7, 2005 5:20 PM EST
The U.S. Federal Housing Administration has raised its maximum insurable mortgage limits by 7.8 percent for 2004.
Mortgage Applications Down During Holiday Week
Friday Jan 7, 2005 5:21 PM EST
Mortgage applications decline over the holidays.
Weekly Freddie Mac Rate Report Adds New Category
Tuesday Jan 11, 2005 9:55 AM EST
Freddie Mac has released its weekly mortgage rate report for the week ended January 6 and is now reporting on rates and points for the 5/1 adjustable.
Housing To Have A Splendid Year
Wednesday Jan 12, 2005 5:41 PM EST
Freddie Mac’s end of year monthly report sees only a very gradual slowing in all aspects of the mortgage industry.
Two New Housing Initiatives Aimed At Minority Community
Wednesday Jan 12, 2005 5:45 PM EST
Both Freddie Mac and Fannie Mae have announced new very unique initiatives to increase minority homeownership.
The Real Estate Agents Bill of Rights
Monday Jan 17, 2005 2:49 PM EST
A contract is a reciprocal agreement and a seller has a few obligations to his agent. Therefore we present a short Agents Bill of Rights.
Mortgage Rates Dip Slightly
Monday Jan 17, 2005 2:57 PM EST
Mortgage rates dip slightly for week ending Jan 13.
Fannie Mae Test Drives 40 Year Mortgages
Wednesday Jan 19, 2005 8:50 AM EST
Fannie Mae’s pilot program for 40 year mortgages may prove that what goes around comes around – even if it is not such a good idea.
Fannie Mae Slashes Quarterly Dividend
Wednesday Jan 19, 2005 9:30 AM EST
Fannie Mae took what will be a very unpopular route on its journey to solvency on Tuesday, slashing the dividend on its common stock by 50%.
Stripping Makes It To The Big Time
Friday Jan 21, 2005 4:30 PM EST
Home equity liquidation, a fancy name for refinancing every cent of value out of your home, is beginning to attract the attention of regulators and the public.
Mortgage Rates Down For 3rd Straight Week
Tuesday Jan 25, 2005 2:20 PM EST
Weekly mortgage rates report.
Home Sales Continue To Climb While Affordability Declines
Thursday Jan 27, 2005 1:31 PM EST
The National Association of Realtors confirms that houses sold at a record pace in 2004.