Freddie Buys 7% More Refi Mortgages in November

post from Housing Wire on 23 December 2009 12:30:24 PM. © Housing Wire

Mortgage giant Freddie Mac (FRE: 1.32 -2.22%) reported $27.9bn in mortgage purchases and issuances in November, a 13% drop from $32.1bn in October, according to a monthly summary of the agency?s portfolio.November?s purchases and issuances total is the lowest since January?s $21.7bn and well below the peak of 2009, June?s $63.1bn. For the year, the [...]

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WTF Is This Bing Icon Doing on My BlackBerry

post from Realty 3.0 on 23 December 2009 11:59:57 AM. © Realty 3.0

I am totally offended by the latest stupidity of Verizon: My whole office suddenly noticed today that these damn Bing icons things on their BlackBerrys. Iand#8217;m not sure who to be more pissed at: Microsoft, for wanting to hijack my mobile device, or Verizon, for giving them permission. Time to go open source and#8212; this could be the greatest thing for competitors to these two firms ever . . . ...

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AIG Bonuses: Arsonist/Fireman Biz Model

post from Realty 3.0 on 23 December 2009 11:45:33 AM. © Realty 3.0

Visit msnbc.com for breaking news, world news, and news about the economy ...

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I Told You This Wasnt Just Another Real Estate
Appraisers News SiteTeaching Appraisers Article Marketing and Press Releases in 2010!

post from Real Estate Appraiser Tips | Home Appraiser Tips! on 23 December 2009 11:44:09 AM. © Real Estate Appraiser Tips | Home Appraiser Tips!

http://www.realestateappraisertips.com/ - Real Estate Appraisers Marketing Tip 12/25/2009: Implement Article Marketing and Press Releases For Your Local Market…….I TRIED TO TELL YOU THAT THIS WASN’T AN ORDINARY APPRAISER NEWS SITE! Real Estate Appraisers Tip Of The Day 12/25/2009!It’s amazing what just one Locally Written Appraiser Article can accomplish for your business. THIS [...]Related posts:

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-wasnt-just-another-real-estate-appraisers-news-site-teaching-appraisers-article-marketing-and-press-releases-in-2010/

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HUD Delays New FHA Appraiser Guidelines

post from Housing Wire on 23 December 2009 11:40:25 AM. © Housing Wire

The Department of Housing and Urban Development (HUD) postponed implementation of new rules meant to promote objectivity for appraisers and minimize interference from lenders of Federal Housing Administration (FHA)-backed mortgages.According to an FHA memo obtained by HousingWire, the January 1, 2010 implementation of Mortgagee Letter (ML) 2009-28 (download here) won?t take affect until February 15, [...]

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New Home Sales Drop Monthly, Annually

post from Realty 3.0 on 23 December 2009 11:30:29 AM. © Realty 3.0

Sales of new one-family houses in November 2009 were down (seasonally adjusted annual rate) This is 11.3% (±11.0%) below the revised October rate, and is off 9.0% (±15.3%)* below the November 2008. The median sales price of new houses sold in November 2009 was $217,400; the average sales price was $280,300. Current inventory is a 7.9 month supply. As I have warned many times in the past (see this from 2005), New Home Sales are highly volatile (primarily) self reported data, and subject to ...

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NewBridge to Acquire Bradford Mortgage Company

post from Housing Wire on 23 December 2009 11:29:22 AM. © Housing Wire

NewBridge Bank will acquire Bradford Mortgage Company in a deal expected to close Dec. 31, 2009.NewBridge Bank, a community bank based in North Carolina with roughly $2bn in assets, is a subsidiary of NewBridge Bancorp. Bradford Mortgage Company also operates out of the North Carolina as a subsidiary of ACM Financial Trust, a private mortgage [...]

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New home sales take a dive in November

Dennis Norman

New homes were started in November at an annual rate of 482,000 homes and I asked why in my post last week since new home construction was already outpacing sales….well, today the gap got worse..

This morning the U.S. Department of Commerce released a report showing the sale of New Homes in November were [...]Related posts:

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Equifax: HELOC Origination Down 36%

Origination of new home equity lines of credit (HELOC) accounts is down 36% from year-ago levels, Equifax (EFX: 31.20 -0.51%) said.There were 75,600 HELOC accounts originated in September 2009, down from 117,800 in September 2008, according to the Atlanta-based credit bureau?s most recent monthly credit trend report, derived from Equifax’s nearly 200m US consumer credit [...]

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Marshall & Ilsley Extend Moratorium Another 90
Days

Marshall & Ilsley Corp. (MI: 5.55 -2.97%) extended its foreclosure moratorium for another 90 days through March 31, 2010, according to a company statement.Based in Milwaukee, Wisc., M&I is a financial services company with $58.5bn in assets and is Wisconsin?s largest bank.As part of M&I?s Homeowner?s Assistance Program, the initial moratorium began Dec. 18, 2008 [...]

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