mortgage

    The CEO of Remax, Margaret Kelly, said on CNBC in October of 2007 that it was a “Perfect Time to Buy”. Jim Cramer blew the trumpet call for housing bulls on CNBC  in 2009 and a calvary of housing bulls rode up to join them in 2010 and 2011. They and a host of others led the charge on their...

When Godzilla entered Tokyo,  size and power doomed those in his path.  Clearly,  massive carnage would follow  in his wake. The housing market has its own  Godzilla in the form of basic economics of supply and demand. When artificial props entered the United States housing market,  in the form...

It's no secret that housing and employment are correlated, and the causation is intuitive. If more people have jobs, then more people have incomes that support the purchase of a home. In the other direction, the more houses that are built to meet rising demand, the more jobs will be created in...

Problem; High unemployment, stagnant economic growth, government infighting. Goal; Make businesses feel confident that there is a bright economic future and that they can feel comfortable hiring new workers. Strategies Cut spending. Go across the board and cut the budget for every program 10%....

I'm on my way home from Europe, so I asked Gavin Magor, Weiss Ratings' senior financial analyst, to fill in for me today. As you'll see, Gavin's current thoughts on the financial health of mortgage insurers — and the broader implications for the housing market — support everything Mike Larson told...

Based on data released today by Freddie Mac: 1. Rates for the 30-year fixed mortgage fell to a new all-time historic low this week of 4.15%, which is slightly below previous record low for the 30-year rate in mid-November of last year of 4.17% (see top chart above).  2.  The average fixed...

Strong Quarterly Results Citigroup (NYSE: C), 2010 Q3 Earnings were $.10 vs. $.07 consensus estimate. This is a 43% upside surprise beat. Q3 net income was $2.2 Billion dollars with revenues of $20.7 Billion dollars. Year-to-date, C is up over 41%, and holds a Tier 1 capital ratio of 10.3%. CEO...

There was a very interesting article on Globest.com yesterday that caught my eye.  It was titled exactly the same as above, but without the questioning. A mortgage broker helped an owner/user acquire a small, 11,000 square foot vacant office building for $4.2M by obtaining...

Sorry James Dolan, but while we wait to see if LeBron James will give hope to your New York Knickerbockers, the trade for the Knickerbocker Hotel has given great hope to the commercial real estate industry. Its not the fact that something of significance traded hands, but more so...

It may be a little pre-emptive, but with HFF Inc. (NYSE: HF) on the verge of completing the handle portion of a cup and handle pattern, the time to step in may be sooner than later. Why? Stocks tend to accelerate pretty quickly once the barrier’s been broken. In this instance, the chart’s renewed...