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 »
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?
HSH.com has compiled the 10 most important factors that will impact 2010’s mortgage market. The ‘2010 Outlook’ is designed to answer some of the biggest questions facing the mortgage and housing markets moving forward.
Will rates increase next year? Will credit conditions ease at all? What about home prices?
Washington’s transition from their seemingly unwavering support of Wall Street to a new dedication to the American consumer has been rather slow, but the momentum is picking up. While the House of Representatives passed a bill on Friday that included the creation of the Consumer Financial Protection Agency (CFPA), President Obama met with the nation’s largest banks yesterday, asking them to step up their lending to consumers — both homebuyers and small business owners alike.
Perhaps ironically, the president’s plea to the banks comes at the same time many of them have (or are working hard to) paid back TARP funds in order to get out from under these kinds of pressures: Read the rest of this entry »
Sweeping financial overhaul programs are making their way through Congress as we speak. A portion of that large legislation includes a measure to create the Consumer Financial Protection Agency (CFPA) — a Federal entity that will write and enforce new regulations covering financial products such as credit cards and mortgages (among others). Advocates of the new agency feels that consumers were left largely unguarded and improperly protected from potentially damaging choices by existing rules.
In the latest issue of HSH’s Market Trends Newsletter we included a survey which asks readers “Do You Need More Consumer Protection?”
In an attempt to garner greater Democratic support, the Obama Administration has proposed some significant changes to their pending financial legislation. What began as a “sweeping” financial reform is quickly turning into a more narrowly-focused bill.
In what the Wall Street Journal classified as a “softening” of the bill, the proposed changes could eliminate some of the reform’s more prominent, yet high-criticized features: Read the rest of this entry »
Consumers, we want to hear from you — share with us your opinions and reactions to the Consumer Financial Protection Agency (CFPA) bill that is about to make its way to the floor of Capitol Hill. National Mortgage News (NMN) wrote yesterday that the legislation — part of a massive overhaul of the financial system — will begin to receive attention by Congress this fall.
NMN writes: Read the rest of this entry »
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.
