|
Stop Foreclosure Now |
|
Sell Your House Now |
|
|
Own Your Own Home Today! |
|
KC Home Solutions 866-777-9996 toll free 913-231-6232 phone 866-314-2352 fax 13505 S. Mur-len Ste 105-335 Olathe, KS 66062 |
Current Housing News
Housing Wire
Lehman Plans to Lay Off 1,500: Report
Lehman Brothers Holdings Inc. (LEH: 15.87 +7.37%), which has been subject to ongoing speculation regarding its future and direction since the fall of Bear Stearns & Cos. earlier this year, is planning to cut another 1,500 from its staff before it releases third quarter earnings in mid-September. According to the New York Times, which first [...]
Lehman Brothers Holdings Inc. (LEH: 15.87 +7.37%), which has been subject to ongoing speculation regarding its future and direction since the fall of Bear Stearns & Cos. earlier this year, is planning to cut another 1,500 from its staff before it releases third quarter earnings in mid-September. According to the New York Times, which first [...]
Prime Foreclosure Starts Surge Past Subprime in July
There can be no remaining doubt that the nation’s mortgage crisis has become a problem for prime credit borrowers: data released by the HOPE NOW coalition on Wednesday finds that prime foreclosure starts have finally moved ahead of subprime foreclosure starts, for the first time since the industry coalition began collecting data in July of [...]
There can be no remaining doubt that the nation’s mortgage crisis has become a problem for prime credit borrowers: data released by the HOPE NOW coalition on Wednesday finds that prime foreclosure starts have finally moved ahead of subprime foreclosure starts, for the first time since the industry coalition began collecting data in July of [...]
FHA Hikes Mortgage Premiums
Without the benefit of a more refined risk-based pricing structure, the Federal Housing Administration said earlier this week that it would hike its upfront mortgage premiums for all purchase money mortgages and full-credit qualifying refinances. In a letter to lenders, FHA said it would add 25 basis points to its mortgage premium, bringing the upfront [...]
Without the benefit of a more refined risk-based pricing structure, the Federal Housing Administration said earlier this week that it would hike its upfront mortgage premiums for all purchase money mortgages and full-credit qualifying refinances. In a letter to lenders, FHA said it would add 25 basis points to its mortgage premium, bringing the upfront [...]
Mon Dieu! U.S. Bond Insurers Sink French Banks
We know there’s a joke in this, or perhaps poetic justice, but the fact that credit woes emanating from the U.S. are continuing to wreak havoc on France’s largest banks must be a never-ending source of frustration for a country well known for its love/hate relationship with the States. More U.S.-led pain came in the [...]
We know there’s a joke in this, or perhaps poetic justice, but the fact that credit woes emanating from the U.S. are continuing to wreak havoc on France’s largest banks must be a never-ending source of frustration for a country well known for its love/hate relationship with the States. More U.S.-led pain came in the [...]
Mortgage Rates Drift Lower as Economic Concerns Linger
Economic concerns continued to help mortgage rates in the past week, according to data released Thursday by Freddie Mac (FRE: 5.28 +11.16%). The GSE said that its weekly mortgage market survey found 30-year fixed-rate mortgages averaged 6.40 percent with an average 0.6 point for the week ending Aug. 21, down 7 basis points from last [...]
Economic concerns continued to help mortgage rates in the past week, according to data released Thursday by Freddie Mac (FRE: 5.28 +11.16%). The GSE said that its weekly mortgage market survey found 30-year fixed-rate mortgages averaged 6.40 percent with an average 0.6 point for the week ending Aug. 21, down 7 basis points from last [...]
As Q3 Comes Into View, Analysts Begin Slashing Estimates
Last week, it was Goldman Sachs (GS: 161.83 +4.08%); this Thursday, it’s analysts at Fox-Pitt Kelton Cochran Caronia Waller and Keefe, Bruyette & Woods that are the latest to come to the realization that Q3 earnings aren’t exactly to come out smelling like roses among most in the financial sector. Analysts for both companies cut [...]
Last week, it was Goldman Sachs (GS: 161.83 +4.08%); this Thursday, it’s analysts at Fox-Pitt Kelton Cochran Caronia Waller and Keefe, Bruyette & Woods that are the latest to come to the realization that Q3 earnings aren’t exactly to come out smelling like roses among most in the financial sector. Analysts for both companies cut [...]
Stagnation data point of the day
Via Paul Krugman at the New York Times, a visual that shows real income history for the 35-44 crowd: But you’ll be glad to know that those over 65 have seen a huge jump in their income under the current administration, in contrast. For many, the housing rush was one of the only ways the younger crowd [...]
Via Paul Krugman at the New York Times, a visual that shows real income history for the 35-44 crowd: But you’ll be glad to know that those over 65 have seen a huge jump in their income under the current administration, in contrast. For many, the housing rush was one of the only ways the younger crowd [...]
A Shakeup at Fannie Mae
Fannie Mae (FNM: 7.95 +22.69%) on Wednesday shook up its top-level management in an effort to underscore its intentions to manage through the current credit cycle, jettisoning three key executives in a revamping of the company’s executive team clearly designed to help bolster investor confidence. Robert Levin, a long-time Fannie Mae exec and chief business officer, [...]
Fannie Mae (FNM: 7.95 +22.69%) on Wednesday shook up its top-level management in an effort to underscore its intentions to manage through the current credit cycle, jettisoning three key executives in a revamping of the company’s executive team clearly designed to help bolster investor confidence. Robert Levin, a long-time Fannie Mae exec and chief business officer, [...]
Thrifts Lose $5.4 Billion in Q2: Report
The thrift industry posted a $5.4 billion loss for the second quarter of 2008, as institutions set aside record reserves for loan losses during the continued housing market downturn, the Office of Thrift Supervision said on Wednesday. During the second quarter, thrifts set aside $14.0 billion in loan loss provisions, the highest total on record; during [...]
The thrift industry posted a $5.4 billion loss for the second quarter of 2008, as institutions set aside record reserves for loan losses during the continued housing market downturn, the Office of Thrift Supervision said on Wednesday. During the second quarter, thrifts set aside $14.0 billion in loan loss provisions, the highest total on record; during [...]
Fannie, Freddie Shares Rally; Nationalization Fears Ease
You know what, maybe we were all a little premature on this nationalization talk. That’s the emerging sentiment among investors, at least, and one now also being pushed actively by analysts with a better grasp of the debt markets that really drive both Fannie Mae (FNM: 7.95 +22.69%) and Freddie Mac (FRE: 5.28 +11.16%); as a [...]
You know what, maybe we were all a little premature on this nationalization talk. That’s the emerging sentiment among investors, at least, and one now also being pushed actively by analysts with a better grasp of the debt markets that really drive both Fannie Mae (FNM: 7.95 +22.69%) and Freddie Mac (FRE: 5.28 +11.16%); as a [...]
Mortgage Relief Programs Aren't Helping Much
Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.
Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.
Condo-Hotel Buyers See Investments Sour
Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.
Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.
Five Questions to Ask Before Remodeling
Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.
Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.
States Move Fast On Mortgage Aid
Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.
Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.
FHA Loans Grow Costly As Banks Add Fees
Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.
Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.
Selling History By the Square Foot
In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.
In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.
Fine Tuning the Picture On the Foreclosure Mess
It's not always easy to get an accurate sense of how many foreclosures there actually are and which U.S. locales are the hardest hit. June Fletcher explains why.
It's not always easy to get an accurate sense of how many foreclosures there actually are and which U.S. locales are the hardest hit. June Fletcher explains why.