FHA Issues Final Rule on Lender Approval Process; No Guarantee Tax Credit Loans Close By June 30; Several Investor Updates
Posted To: Pipeline Press
Former Democratic presidential candidate John "I am not the father" Edwards has reportedly bought a home for his former mistress. Imagine if Tiger Woods started doing that. You could jump-start the housing market! The housing market is "hanging in there", at least based on applications taken last week. Mortgage applications in the U.S. rose by the most in seven weeks , up 13.6%, which analysts attributed to the approaching end of the homebuyer tax credit. The MBAA's index of purchases climbed 10.1%, and refinancing shot up 15.8%, the first gain since the end of February. The earnings train continues to roll . SunTrust reported a much smaller first-quarter net loss and beat analysts' expectations as its loan problems showed early signs of stabilizing. Its net loss…(read more)
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