Archive for December 2009

Date: 2 December 2009 By: Reuters Link:http://www.cnbc.com/id/34242187 The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said Wednesday. Mark Zandi, chief economist at at Moody’s Economy.com in West Chester, Pennsylvania, said in an interview with [...]

3 December 2009 By ALAN ZIBEL (AP) Link: http://www.google.com/hostednews/ap/article/ALeqM5hPHFMSZDHZNqzg3uDQ1tvmGdoq4wD9CBV34G0 . WASHINGTON — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance [...]

By: Thomas Content of the Journal Sentinel Date: Nov. 19, 2009 Source: Milwaukee Journal Sentinel 20 November 09 Link: http://www.jsonline.com/business/70478967.html Some fear foreclosure pace could accelerate One of every nine homeowners in Wisconsin was behind on mortgage payments or in foreclosure at the end of September – a record level that industry observers said Thursday [...]

Source: cnbc.com Date: 30 November 2009 Link: http://www.cnbc.com/id/34207654 Should homeowners who are behind in their mortgage be allowed to just walk way from the payments? A University of Arizona law professor suggests that maybe they should. While not recommending that homeowners forgo their responsibilities, Professor Brent White told CNBC Monday that there is a different [...]