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If you are not reading this post on MortgageDaily.tv or within your feed reader, then this content has been stolen. It is a common practice of website spammers to steal articles from other blogs, such as this site has done from http://www.mortgagedaily.tv on this particular post. Copyright © 2008 This feed is for personal, non-commercial [...] ...

If you are not reading this post on MortgageDaily.tv or within your feed reader, then this content has been stolen. It is a common practice of website spammers to steal articles from other blogs, such as this site has done from http://www.mortgagedaily.tv on this particular post. Copyright © 2008 This feed is for personal, non-commercial [...] ...

As lawmakers put pressure on mortgage finance companies Fannie Mae and Freddie Mac to make principal write-downs on underwater loans, the regulator for the two firms sent a letter to Washington on Friday making clear how expensive that plan would be. More than 20 percent of all U.S. homes have negative equity at this point, according to mortgage data company CoreLogic, for a combined equity deficit of $750 billion. Borrowers in this situation often choose to default, even when they could keep up with the payments. Beyond foreclosure problems, this widespread issue keeps borrowers stuck in ...

In a potentially hopeful sign for the U.S. housing market, sales of existing homes rose in December for the third straight month, according to the National Association of Realtors. Total sales grew 5.0 percent to a seasonally adjusted annual pace of 4.61 million homes last month, from November’s downwardly revised 4.39 million rate. Compared with December 2010, sales were up 3.6 percent. Sales as a whole in 2011 rose 1.7 percent to 4.26 million from 4.19 million in 2010. NAR chief economist Lawrence Yun viewed the latest figures with a very optimistic eye. “The pattern of home ...

If you are not reading this post on MortgageDaily.tv or within your feed reader, then this content has been stolen. It is a common practice of website spammers to steal articles from other blogs, such as this site has done from http://www.mortgagedaily.tv on this particular post. Copyright © 2008 This feed is for personal, non-commercial [...] ...

If you are not reading this post on MortgageDaily.tv or within your feed reader, then this content has been stolen. It is a common practice of website spammers to steal articles from other blogs, such as this site has done from http://www.mortgagedaily.tv on this particular post. Copyright © 2008 This feed is for personal, non-commercial [...] ...

Even though there were indications that the housing bubble was unsustainable, the Federal Reserve made little effort to look into the issues during 2006, according to recently-released transcripts from the Fed’s meetings. Granted, it is always difficult to foresee major shocks to the system, housing prices in the U.S. had not fallen since 1991, and it certainly seemed like that they would continue to rise indefinitely. Yet, there were warning signs. According to a Forbes article: “Heated Congressional hearings had already focused on Fannie Mae and Freddie Mac’s risky ...