Economists expect U.S. manufacturing activity continued to expand in February as the industrial sector benefited from exports and customers restocking inventories. » Read more…
Tag Archives: recession
Ahead of the Bell: ISM manufacturing index
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Recession to benefit economy, predicts Kohn
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Don Kohn, the outgoing vice-chairman of the Federal Reserve, yesterday predicted that the recession would cause structural changes to Americans’ spending patterns and make the economy healthier over time. » Read more…
Good credit score required for low mortgage rates
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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The average for 30-year fixed-rate mortgages has dropped to the lowest level in decades for the ninth time in 10 weeks. Many are rushing to take advantage of those low mortgage rates, but the truth is, it’s not as easy to do as it used to be. The reason: Some say people in our area are paying for others’ mistakes. » Read more…
Banks Face Two-Front War on Bad Mortgages, Flawed Foreclosures
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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Shoddy mortgage lending has led bankers into a two-front war, pitting them against U.S. homeowners challenging the right to foreclose and mortgage-bond investors demanding refunds that could approach $200 billion. » Read more…