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Top News
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Top News Headlines from Mortgage News Daily
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Treasury's Paulson Urges Bipartisan Effort to Restore Market Stability
Treasury Secretary Henry Paulson said on Thursday the Treasury's priority is restoring stability and repairing capital markets, but that market recovery will take some time. He urged further efforts to find solutions that aren't reckless. "Clearly...(read more)
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HUD Modifies HOPE Program to Assist More Borrowers
On Wednesday the Department of Housing and Urban Development (HUD) announced changes to the HOPE for Homeowners Program (H4H) to help more distressed homeowners refinance into affordable, government-backed mortgages. HUD hopes that the changes will enable...(read more)
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Mortgage Rates Ease Lower
Mortgage rates drifted downward for the third consecutive week according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended November 20. All of the rates tracked by the survey are now below the averages of one year ago...(read more)
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NAR Commercial Leading Indicator Weakens, Projecting Further Declines
A leading indicator for the U.S. commercial real estate market continued decelerating for the fifth consecutive quarter on Thursday, with all components of the index lower in the third quarter, according to the National Association of Realtors (NAR)....(read more)
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S&P 500 Falls to Lowest Since 2003
Economic worries and concern about an automaker bailout hammered equity markets on Wednesday, sending the S&P 500 to its lowest since 2003 . The bulk of the selloff came after the Federal Reserve released pessimistic growth forecasts and expressed...(read more)
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