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Mortgage & Housing Market News from HSH.com

New Content on the Blog and HSH.com

January 29th, 2010 (Modified on January 30th, 2013) | Leave a Comment | Posted in News by Tim Manni

As we do at the end of every week, let’s spend a few minutes reviewing the latest content from HSH.

This week’s posts showcased how the White House’s “reactionary policies” can be unproductive, some important developments to keep your eyes on, as well as our continued focus on mortgage rates and mortgage assistance.

Thursday: Read the rest of this entry »

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Washington Working in Reverse? Can’t Be

January 28th, 2010 | 1 Comment | Posted in News by Tim Manni

(Hopefully the sarcasm in the title was duly noted.) Recent taxpayer frustrations are the reason why we’re delving back into the topic of the homebuyer tax credit. Homebuyers are frustrated over the delays they have been experiencing as they wait for their tax credit. One of reasons behind the delay is because Washington decided to work backwards.

Was getting a homebuyer tax credit too easy from the very beginning? Apparently so.

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Keep Your Eyes Peeled: Three Important Developments

January 27th, 2010 | Leave a Comment | Posted in News by Tim Manni

Good morning everyone. Since there are several important developments currently underway that are likely to impact you directly, I thought I would do things a little different this morning. Instead of writing separate posts on each development, we’re going to delve a little into each. Each of the following are likely to impact not only the housing markets but the overall economy as well.

Fed Leaving the Mortgage Market?

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Mortgage Relief for the Unemployed

January 26th, 2010 | 6 Comments | Posted in News by Tim Manni

Pennsylvania continues to prove itself as one of the most proactive states at preventing foreclosures. The shortfalls of the Federal loan modification program are vast and very well documented; besides its inability to produce permanent modifications, HAMP has done little to help unemployed borrowers because of income qualifications.

Pennsylvania’s Homeowners’ Emergency Mortgage Assistance Program was created back in the 1980’s in response to massive job loss in the steel and coal industries, and has once again proved successful in the wake of the latest housing crisis: Read the rest of this entry »


Conforming 30-Year FRMs Fall Closer to 5%

January 25th, 2010 | Leave a Comment | Posted in News by Tim Manni

The turbulent market works to the advantage of mortgage shoppers once again. According to “Amid Many Market Concerns, Mortgage Rates Still Easing,” the latest issue of HSH’s Market Trends Newsletter, conforming 30-year fixed rate mortgages have fallen to their lowest levels in about a month:

To the benefit of Treasuries and mortgages, stock markets continued to crater amid less-than-stellar earnings reports, with the downturn exacerbated by new rounds of populist bank-bashing, this time via a unique taxation proposal from the Obama Administration.

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Weekly Recap of the Blog, New Content on HSH.com

January 23rd, 2010 | Leave a Comment | Posted in News by Tim Manni

Another week is in the books. Can you even believe January is almost over?

This week’s posts were a nice mix of material — mortgage rates, consumer costs, loan mods, the FHA, and home prices. I would like to encourage more readers to comment on these stories since they’re likely to impact most of us in one way or another.


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Climbing the “House-Value Mountain”…Think Everest

January 22nd, 2010 | Leave a Comment | Posted in News by Tim Manni

When will you regain the value your home “lost” during the housing crisis?

There has been an interesting back-and-forth exchange between a concept first proposed by real-estate vet Lew Sichelman, and analytics from HSH.com that has expanded upon Lew’s concept.

Back in November, Sichelman wrote an article for the trade publication National Mortgage News citing a fresh study which explored the likelihood that an underwater borrower would walk away from their home, even if they could afford to make payments.

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Change Has Come to the FHA

January 21st, 2010 | 4 Comments | Posted in News by Tim Manni

The Federal Housing Administration (FHA) has found themselves launched to the forefront of the housing industry. With a relatively-new commanding presence in the housing market, the FHA has simultaneously encountered struggles and success. To balance the two, the FHA announced “a set of policy changes” designed to both strengthen their shaky capital reserves, and to enable the administration to aid in housing’s recovery.

“Striking the right balance between managing the FHA’s risk, continuing to provide access to underserved communities, and supporting the nation’s economic recovery is critically important,” said Commissioner [David] Stevens.

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Let’s Not Turn Nothing Into Something

January 20th, 2010 | 2 Comments | Posted in News by Tim Manni

In February of 2009, President Obama announced the Home Affordability and Stability Plan (HASP). The plan was broken down into three main initiatives: 1)a “low-cost” refinancing program “that will help as many as 4 to 5 million responsible homeowners”; 2)a “stability initiative” designed to modify millions of home loans; 3)a “strengthening” of Fannie Mae and Freddie Mac.

Let’s see here: the touted refi program — HARP — is fading into the sunset (no one even talks about that program anymore — how many homeowners have even used this, does anyone know?), and Fannie and Freddie’s future has been shrouded in a cloud of uncertainty. The GSEs have recently been extended an unlimited amount of taxpayer dollars, suggesting that their future losses will be even steeper than the $400 billion they were originally promised.

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Report: Store-Brand Items Should Cost More

January 19th, 2010 | 3 Comments | Posted in News by Tim Manni

Would you continue to buy store-brand items if they increased in price?

The recession has prompted all of us to sacrifice some things in the name of fiscal responsibility. For some, one of those “sacrifices” may have been switching to store brands in lieu of name brands. However, the cheaper prices and improving quality of store brands have made these transitions easier.

According to a recent report by the Nielsen Company, U.S. retailers should take advantage of the favoritism consumers are showing to store brands by raising prices: Read the rest of this entry »


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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.

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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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