FHA

Mortgage applications increased last week for both refinancing and for purchase. The MBA (Mortgage Bankers Association) reported today that the application activity amounted to a "flurry" that might have been prompted by a tightening of…

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by Annaly Salvos The title of this post may sound like a fable told by Aesop, but we assure you it’s not. We spent the early part of this week in Dallas attending the 3rd Zelman & Associates Housing Summit. The conference was attended…

By Michael Farrell, Annaly Capital Management My fellow mortgage market participants, On Tuesday, I attended the “Conference on the Future of Housing Finance” hosted by Treasury Secretary Tim Geithner and Housing and Urban Development…

The following is an excerpt from John Hussman's latest Weekly Market Commentary. I noted last week that we are closing in on a syndrome of indications that has always and only appeared during or immediately prior to recessions. At present,…

he money that the government spends on a failed modification goes to banks, not homeowners. Typically, the government will have substituted an FHA insured mortgage for the original mortgage issued by a bank. This means that when a…

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I was reading Dean Baker's commentary on why the Obama mortgage plan brings no relief in the Guardian when it dawned on me that the 'new' plan is an enhancement of the old plan. And this is significant because the old plan turned…

What follows is a more comprehensive re-write of my take on the latest bailout proposals by the Obama Administration. I felt the original write-up was a bit rushed and one-sided. I have tried to outline the objectives of the bailout plans…

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