Mortgage and Real Estate Insight

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Mortgage and Lending - Regions Mortgage
RECENT BLOG POSTS
The National Association of Realtors released on Sunday that the percentage of first-time home-buyers as a percentage of overall sales rose form 39% to 41% in October. The group cited low prices resulting from an over-supply of homes for sale for bringing more first-timers into the market. If his...
11/10/2008
On the eve of this historic presidential election, one thing is abundantly clear. Whoever wins the race for the White house will face a financial crisis not seen since perhaps the Great Depression. Once the votes are counted, victory and concession speeches given, the stark reality of the challen...
11/03/2008
The Federal Reserve's Open market Committee announced Wednesday it was lowering the federal funds rate to 1%, it's lowest level since 2004. Yet mortgage rates rose on the news and continue to rise today. Though, on the surface, this may seem contradictory it exposes a symptom of the larger financ...
10/30/2008
As regional and national banks eagerly rush to accept government bailout loans in the face of frozen credit markets, local community banks are quickly becoming the go-to source for mortgage loans in Florida. Despite tighter underwriting guidelines from Freddie Mac and Fannie Mae and a secondary m...
10/28/2008
Mortgage rates are easing this week as the yield on the ten year treasury note fell to 3.72% on Tuesday after climbing as high as 4.09% in the past week. The Mortgage Bankers Association of America reported that over the past four weeks, thirty year mortgage rates rose at their fastest pace in 17...
10/21/2008
We have heard plenty of arguments from the Bush administration and congressional officials as to the necessity of a massive bailout to remove "toxic" ( the new word for worthless) assets from the books of financial institutions to encourage them to start lending again. The frozen credit markets w...
10/01/2008
No one was surprised when Treasury Secretary Paulson announced on Sunday that the Federal Government would step in and take over Fannie Mae and Freddie Mac. Investor confidence in the two mortgage giants deteriorated to the point that raising additional capital would be far too costly and would d...
09/09/2008
On the surface, the Housing and Economic Recovery Act of 2008 seems like it has a little something for everyone. On closer inspection however, the bill appears to have ultimately been the victim of congressional partisanship and compromises that run counter to original intentions. For instance, t...
08/25/2008
An investigative report by a South Florida newspaper has found that the state of Florida issued mortgage licenses to more than 10,000 applicants with criminal records. In addition, the report found that of the 10,000 with criminal records, some 4,000 managed to pass background checks despite havi...
07/21/2008
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The Mortgage Banker's Association of America released weekly mortgage purchase applications showing a 1.7% increase last week over the week prior. This is the third straight week of increases which is a positive sign for the housing sector. On a more somber note, the National Association of Homeb...
07/17/2008
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Hunter Palmer

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