Mortgage insurer PMI Group Inc (PMI.N) reported a much wider-than-expected quarterly loss, as its U.S. unit continued to post disappointing results, sending its shares down 5 percent before the bell. » Read more…
Tag Archives: lender
Mortgage insurer PMI Group posts wider Q4 loss
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Mortgage-Bond Yield Spreads Jump as Fed Exits Market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Yields on Fannie Mae and Freddie Mac mortgage securities jumped by the most relative to benchmark rates in five weeks as the Federal Reserve’s unprecedented buying of housing debt drew to a close today. » Read more…
China’s property prices rise in March
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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BEIJING — Chinese property prices rose at the fastest pace in nearly five years in March, according to official data Wednesday that is likely to add to concerns of a bubble developing in the real estate market. » Read more…
Ohio foreclosures spike in 1Q
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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A surge in lender filings last month helped send first-quarter foreclosures up 5 percent in Ohio as bank repossessions nationwide hit their highest point in at least a half-decade, according to a Thursday report from
Irvine, Calif.-based RealtyTrac, which compiles and sells foreclosure data, said Ohio logged 15,041 default notices, 7,543 auction notices and 10,637 bank repossessions in the first three months of the year. » Read more…
June 30 Deadline Looms for House Buyers
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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The next few weeks are crucial for home buyers who need to close on a house before the end of June to claim the federal home-buyer tax credit. A hiccup during the next month could cost a buyer thousands of dollars.
“If for some unforeseen reason you end up closing on July 1, you lose out on the tax credit,” says John T. Walsh, president of Total Mortgage Services in Milford, Conn. » Read more…