FREE MORTGAGE NEWS 4U.COM by Brenda Jarvis

October 27, 2008

The still-tight credit markets are anticipating a half-point interest rate cut from the Federal Reserve this week, but investors are worried it won't be enough to quickly revive the economy.   The Fed has been slashing rates and taking unprecedented action to get market participants back in the lending mood, including launching a facility Monday to buy the short-term corporate debt known as commercial paper. But the central bank has already reduced its key rate—the Read Full Article

October 3, 2008

WASHINGTON, D.C. (October 1, 2008) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 26, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 455.4, a decrease of 23.0 percent on a seasonally adjusted basis from 591.4 one week earlier. On an unadjusted basis, the Index decreased 23.4 percent compared with the previous week and was down 28.4 percent compared with the same week one Read Full Article

September 23, 2008

Explaining the latest measures to restore Order New entity would buy up bad debts; money market funds get protection After a series of ad hoc, multibillion-dollar rescues — from mortgage giants Freddie Mac and Fannie Mae to global insurance giant AIG — the panic in the credit markets has not subsided. On Friday the Bush administration, which is now working with Congress on a more long-term solution, unveiled four new measures aimed at restoring order to financial markets: A new Read Full Article

September 23, 2008

Mortgage and Finance humor Financial expert say that we are entering a new chapter in the financial markets . . . yeah, Chapter 11 To give you an idea how bad the economy is, Mexico is now calling for a fence along the border. Barack Obama continues to criticize John McCain’s economic plan. McCain would like to criticize Obama’s plan, but nobody knows what it is yet. Jay Leno Yesterday, the federal government announced a massive plan to bail out a number of banks. One expert Read Full Article

September 22, 2008

Huge shifts ahead after financial titans fall Investment banks took ever-greater risks on esoteric investment The credit crisis shaking the global economy is forcing a dramatic reconfiguration of Wall Street, where the financial industry in recent years has been driven to take ever-greater risks on increasingly esoteric investments. The fragility of Wall Street's architecture was exposed this week when two icons of investment banking and the world's largest insurance company were fed into Read Full Article

September 22, 2008

Many of us learned the hard way that when we use a debit or credit card to fill up our cars, many banks and credit card companies will automatically put a freeze on $75 of your funds even if you only pumped $10 worth, limiting your credit line and possibly penalizing you if your checking account is on the edge. Thanks to an Avon man who keeps close track of his finances, I am learning that this troubling practice extends far beyond gas stations. Hotels, restaurants, car rental companies, Read Full Article