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- What will Americans cut back on the most as the housing crash continues, the Housing ATM remains closed, incomes remain flat, and inflation roars?
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1) Eating out at restaurants2…
Original Source: bp3.blogger.com
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18 May, 2008| housingblogs |
Comments (0) @ 1:55
- Fannie Eliminates Declining Markets LTV Restrictions
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Ceding to pressure from consumer groups Fannie Mae eliminated its declining market LTV restrictions policy which required underwriters to restrict loan guidelines by an additional 5% for markets that showed significant price deterioration. Housing Wire has full coverage of the policy reversal. While one might think that protecting the solvency of the nation’s largest buyer of mortgages through appropriate risk management might be prudent the noisy consumer lobby disagrees calling the new policy “redlining” and keeping new homeowners out of the market.
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Original Source: feeds.feedburner.com/typepad
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18 May, 2008| housingblogs |
Comments (0) @ 1:49
- Dollar Falls, Consumer Confidence Sinks
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Consumer confidence fell to its lowest level in 30-years and did its part to help fuel a weakening dollar as the world looks for the US economy to slow measurably in the coming months. High oil wasn’t helping the cause either. The dollar had rallied from its all-time lows against the Euro seen in April but renewed concerns about US economic output in the face of ongoing housing problems and skyrocketing oil pushed the dollar lower once again.
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Original Source: feeds.feedburner.com/typepad
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18 May, 2008| housingblogs |
Comments (0) @ 1:35
- Sponsored Review: Nationwide Loan Processing
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Today Blown Mortgage is doing another sponsored review for Nationwide Loan Processing, a contract, outsourced processing company for brokers and lenders who don’t want to keep loan processing departments in-house. I’m excited to write this review for N…
Original Source: feeds.feedburner.com/typepad
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18 May, 2008| housingblogs |
Comments (0) @ 1:00
- Sponsored Review: Nationwide Processing
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Today Blown Mortgage is doing another sponsored review for Nationwide Loan Processing, a contract, outsourced processing company for brokers and lenders who don’t want to keep loan processing departments in-house. I’m excited to write this review for N…
Original Source: feeds.feedburner.com/typepad
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18 May, 2008| housingblogs |
Comments (0) @ 1:00