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  •   Fannie Mae Prices New Issue 3-Year Benchmark Notes(r) due May 7, 2013
The following is being issued by Fannie Mae (NYSE:FNM) :
HomePath,Katherine Constantinou,Washington   03/11/2010

  •   Foreclosure Expert Condemns New Obama Program Aimed at Foreclosure Crisis
The chief foreclosure expert at USHUD.com and its parent company, Heavy Hammer Inc., warned Thursday that a new Obama administration program taking effect April 5 is rife with problems that will adversely impact real estate professionals and consumers alike, actually encouraging homeowners to walk away from mortgages.
Heavy Hammer Inc.,Joe Chenelly,Annapolis Md.  03/11/2010

  •   California revenue jumps, tax refunds should be paid on time
California’s revenue in February was $480 million or 8.7 percent above the estimate in Governor Arnold Schwarzenegger’s state budget plan, so tax refundsĀ  should be paid on time, State Controller John Chiang said on Wednesday. There had been some talk in the state capital of Sacramento that tax refunds could be delayed, as they were temporarily [...]
MortgageLatestNews,Admin,   03/11/2010

  •   U.S. dollar still rules, but debt level a risk: S&P
The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency’s primacy. Without a credible plan to rein in fiscal spending, the agency said external creditors could reduce dollar holdings, [...]
MortgageLatestNews,Admin,   03/11/2010

  •   MBA reports finds economic fallout`s impact on commercial market continues
Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association`s (MBA) Commercial/Multifamily Delinquency Report. Between the third and fourth quarters, the 30-plus day delinquency rate on loans held in commercial mortgage-backed securities (CMBS) rose 1.63 percentage points to 5.69 percent. The 60-plus day delinquency rate on loans held in life company portfolios decreased 0.04 percentage points to 0.19 percent.
NationalMortgageProfessional.com,NMP Media Services,   03/11/2010

  •   Rates average 4.95 percent last week in latest Freddie mac survey
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year at this time, the 30-year FRM averaged 5.03 percent. The 15-year FRM this week averaged 4.32 percent with an average 0.7 point, down from last week when it averaged 4.33 percent.
NationalMortgageProfessional.com,NMP Media Services,   03/11/2010