Jason Myers's (jmyers) Blog

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Mortgage and Lending
RECENT BLOG POSTS
In what looks like more bad news for flagging home sales, 70 percent of non-homeowners said they do not plan to purchase a home in the next 12 months, according to a survey conducted by real estate information service Trulia. And nearly half (44 percent) of the respondents in the key first-time h...
10/03/2008
The nation paused Thursday to mark the seventh anniversary of the Sept. 11 terrorist attacks with a heartfelt ceremony at ground zero and other solemn remembrances around the country. Relatives of victims killed at the World Trade Center gathered at ground zero in lower Manhattan for readings fro...
09/11/2008
On Sunday, the Treasury Department and the Federal Housing Finance Agency jointly summarized their plan to assume control of the troubled mortgage companies and to back the bonds issued by the companies with the full strength of the federal government. "Fannie Mae and Freddie Mac are so large and...
09/08/2008
Mortgage rates continued their long journey through the doldrums, drifting slightly lower during the week, according to mortgage financier Freddie Mac. Freddie Mac chief economist Frank Nothaft attributed the improvement in rates to a perceived slowing in consumer spending. Overall, interest rat...
09/05/2008
Home prices grew by 4.8 percent in the Raleigh area between the second quarter of 2007 and the second quarter of this year, new federal data say. The figures, from the Office of Federal Housing Enterprise Oversight, tend to overstate the actual growth in home prices across the country. But they a...
08/26/2008
There seems to be a lot of confusion about this bill and if we still be able to make yield spread.  The bill (HB 2188) which was signed by the Governor Mike Easley (D-NC) contained amendments to the: Mortgage Debt Collection and Servicing Act; the High Cost Loan Statute and the Rate Spread Home L...
08/21/2008
Former Federal Reserve chairman Alan Greenspan offered a bit of optimism about the housing market in an interview this week with David Wessel of the Wall Street Journal. Greenspan said that he expects housing prices to begin to stabilize in the first half of 2009 although they could continue to d...
08/21/2008
It seems hard to believe, but there appears to be yet one more thing for which we can blame the mortgage crisis. And this is not a financial problem; it is a public health concern. Several cable networks have reported over the last few weeks that the hundreds of foreclosed houses covering suburba...
08/21/2008
A new study released by Bankrate, Inc. shows that the cost of getting a mortgage continues to rise despite a soft housing market. The 2007 average closing cost of $2,736 has gone up to an average of $3,118 in 2008, a 14% increase. In the study's geographical breakdown, New York City leads the nat...
08/12/2008
"Many international buyers recognize that real estate is an excellent investment and are drawn today by abundant inventory, low interest rates and a softer dollar," said NAR president Richard F. Gaylord. "These conditions allow them to own their own piece of the American dream." Gaylord said fore...
08/07/2008
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