Category Archives: Mortgage Applications

European stocks slide after poor Alcoa earnings

European stock markets fell sharply Tuesday as investors reacted to weak earnings data from US aluminium producer Alcoa, which kicked off the latest results season in the world’s biggest economy. » Read more…

Lenders start sign up on ‘piggyback’ mortgage plan

Mortgage companies are finally starting to sign up for a long-delayed piece of the Obama administration’s $75 billion foreclosure-prevention program. » Read more…

Gov’t mortgage plan aids 12 percent of borrowers

The government’s mortgage relief plan has helped only about 12 percent of borrowers who signed up since President Barack Obama announced the program a year ago. » Read more…

Home purchase loan demand at lowest since 1997

U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday. » Read more…

New-Home Sales At Record Low In Jan.; Bernanke Soothes

New-home sales dived to a record low in January but stocks rallied as Federal Reserve chief Ben Bernanke eased concerns that the central bank will take the economy off life support too soon. » Read more…