| Federal Home Loan Bank Quiz Question |
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| February 2009 | |
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In 1932 the Federal Home Loan Bank (FHLB) was created to stabilize Depression era mortgage capital. A) Herbert Hoover, B) Jefferson Davis, C) Franklin Roosevelt, D) Harry Truman, E) Wilson Picket
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Federal Home Loan Bank Quiz Question In 1932 the Federal Home Loan Bank (FHLB) was created to stabilize Depression era mortgage capital. It was the result of which president’s effort?... © 2010 - Kazwell.com Powered by QuoteThis © 2008 |
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Serious Late Payments Deteriorate
Total mortgage delinquency of at least 90 days as of June 30 surged 82 basis points from May 31, LPS reported.
The foreclosure rate shot up 47 BPS, according to the report.
The delinquency rate, excluding foreclosures, was up 35 BPS. -
Mixed Performance at M.I. Firms
The Mortgage Insurance Companies of America reported that the number of policies issued in June were 9 percent higher than in May.
The number of new mortgage insurance applications has increased each month since January.
But primary insurance in force fell $10 billion from May.
In addition, primary insurance defaults increased 8 percent. -
Fannie Volume Tumbles, Lates Continue Improvement
New business acquisitions at Fannie Mae declined 31 percent between May and June, according to monthly operational data.
Compared to a year earlier, volume was down 45 percent.
Residential delinquency of at least 90 days improved for the third consecutive month.
Multifamily delinquency of at least 60 days fell for the second consecutive month. -
Rates Better, But Not New Activity
Again the average 30-year fixed-rate mortgage fell to a new record low, Freddie Mac reported.
The one-year adjustable-rate mortgage was down 6 basis points compared to a week ago.
But still, mortgage activity declined 7 percent this week based on the Mortgage Market Index. -
Business Deteriorates at LendingTree
LendingTree Loans closed 43 percent fewer loans during the second quarter than it did a year earlier, according to earnings data from its parent company.
Matched requests at the exchanges segment tumbled 19 percent during the same period.
The company reported 38 fewer exchange segment closings.