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Mortgage & Housing Market News from HSH.com
November 7th, 2009

Stories From This Past Week

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Here is a recap of all the stories we published this week — in case you need to get caught up.

Friday:

3. Uncertainty Is Hurting Job Growth: Costly portions of pending legislations, like the health care reform, leave small business owners uncertain about the future.

2. UPDATE6: Obama Signs New Homebuyer Tax Credit: It’s a done deal. Mixed in with a bill that extends unemployment benefits, no lawmaker could vote against it.

1. We’ve Surpassed 10% Before 2010: The unemployment rate reached this alarming level before many had predicted — not good.

Thursday:

2. Commercial Real Estate Remains Grim, But Is Bottom Near?: Industry professionals say they see the bottom, we’re unsure.

1. Fannie Turning Borrowers Into Renters: A new plan allows failed borrowers to rent out their homes for a year. It’s called the “Deed for Lease Program.”

Wednesday:

2. Low Rates for “An Extended Period’?: According to the Fed, mortgage rates should stayed subdued for, you guessed it, “an extended period.”

1. Wells Fargo Introduces An “Interesting” Mod Strategy: Wells is betting the house on economic recovery…We’ll see.

Tuesday:

2. Get to Know Reverse Mortgages: If you have questions about a reverse mortgage, read this handy four-page guide from the OCC.

1. Could You Live Without Credit Cards?: Here’s the bottom line: if you’re unhappy with your credit card, stop using it.

Monday:

3. A Freeze on Credit Card Rates?: A political ploy or a sincere belief? You decide.

2. Remember Home Equity?: Not many do, and for good reason.

1. Mortgage Rates Are Hanging In There: Another week with stable rates. Don’t wait to lock in.

Sunday:

1. UPDATE2: GM Extends 60-Day Guarantee: Only good news if you’re planning to buy a new car and have a history of returning the things you buy (like the guy from the Chevy commercial).

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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