MN real estate and mortgage information news blog.

Peter Boyle MN Mortgage Blog

Modest Economic Progress

March 5th, 2010 9:42 AM

Federal Reserve Beige Book survey release Mar 3 2010 shows modest economic improvement: Beige Book Summary Release Mar 2010

Posted by Peter Boyle on March 5th, 2010 9:42 AMPost a Comment (0)

Business Economic Recovery Outlook!

March 3rd, 2010 1:43 PM

National Association of Business Economics expects healthy economic recovery. Source: NABE Economic Recovery

Posted by Peter Boyle on March 3rd, 2010 1:43 PMPost a Comment (0)

Interest Rates Should Stay Low!

February 27th, 2010 10:18 AM

Bernacke told Congress Wednesday interest rates to remain low. Source: CBSNEWS.com Associated Press article 02/24/2010

Posted by Peter Boyle on February 27th, 2010 10:18 AMPost a Comment (0)

Freddie Mac Weekly Interest Rate Survey

February 25th, 2010 12:45 PM

Freddie Mac Weekly Survey Rate 5.05% for 30 Yr Fixed; 15 Yr Fixed 4.40%. Source: Freddie Mac Weekly Interest Rate Survey Release Feb 25, 2010 - Freddie Mac interest rate survey

Posted by Peter Boyle on February 25th, 2010 12:45 PMPost a Comment (0)

Unemployment Recession Map

February 25th, 2010 12:33 PM

Click for: Interesting Unemployment Recession Map

Posted by Peter Boyle on February 25th, 2010 12:33 PMPost a Comment (0)

The Card ACT Effective!

February 23rd, 2010 4:21 AM

The Card Act effective Feb 22 2010 will provide relief from some credit card practices for consumers. Source: White House Blog - Credit Card Reform Card Act

Posted by Peter Boyle on February 23rd, 2010 4:21 AMPost a Comment (0)

Housing Starts Up!

February 19th, 2010 11:29 AM

Good news! U.S. Census Bureau news release Feb 17 2010 reports new construction housing starts rose in Jan 2010. U.S. Department of Commerce Release

Posted by Peter Boyle on February 19th, 2010 11:29 AMPost a Comment (0)

First Time Homebuyer Credit Q & A

February 15th, 2010 10:43 AM

IRS First Time Homebuyer Credit Questions and Answers for Homes Purchased 2009 and 2010: IRS First-Time Hombuyer Credit Q&A. For
IRS Form 5405

Posted by Peter Boyle on February 15th, 2010 10:43 AMPost a Comment (0)

Fannie and Freddie 120+ Day Lates!

February 13th, 2010 11:17 AM

Could Fannie and Freddie’s New Accounting Soften the End of the Federal Reserve Mortgage Purchase Program? Source: Bloomberg.com Feb 11 2010 Fannie and Freddie

Posted by Peter Boyle on February 13th, 2010 11:17 AMPost a Comment (0)

Policy Exit Strategies and Steps Testimony!

February 11th, 2010 4:57 PM

Due to market sensitivity, Ben Bernacke outlines fed exit strategies and steps, but not timing. Source: Federal Reserve Fed Reserve Exit Strategy Testimony and CNBC video Diane Swonk Feb 10, 2010 Video Replay

Posted by Peter Boyle on February 11th, 2010 4:57 PMPost a Comment (0)

New HUD Sustainability Office!

February 10th, 2010 4:01 PM

HUD’s new office of sustainability is finally here. The Office of Sustainable Housing and Communities (OSHC) wants to improve the access to affordable housing and transportation, invest in energy efficiency homes and buildings, renewable energy, and infrastructure. HUD also wants to strengthen the energy efficiency mortgage products and other retrofit financing options. New Hud Sustainability Office

Posted by Peter Boyle on February 10th, 2010 4:01 PMPost a Comment (0)

Mortgage Apps Up!

February 5th, 2010 8:23 AM

Mortgage applications rise 21% from last week while rates remain around 5%. MBA press release Feb. 3, 2010: Mortgage Bankers Association Weekly Applications Survey.

Posted by Peter Boyle on February 5th, 2010 8:23 AMPost a Comment (0)

New For FHA Homeowners! Don't Delay*

February 4th, 2010 12:32 PM

FHA Homeowners! Don’t wait until you miss a payment. Now there is relief for struggling homeowners before they start missing payments! See HUD

Posted by Peter Boyle on February 4th, 2010 12:32 PMPost a Comment (0)

Fannie and Freddie Question Lender Underwriting!

February 3rd, 2010 5:34 AM

Fannie and Freddie auditing loan underwriting: Wall St Journal Online Jan 31 2010.

Posted by Peter Boyle on February 3rd, 2010 5:34 AMPost a Comment (0)

March Ends the Debt Purchase Program!

January 29th, 2010 7:11 AM

Just Around the Corner! Sticking to the plan to end the mortgage debt purchase program in March: Bloomberg.com Jan 27 2010

Posted by Peter Boyle on January 29th, 2010 7:11 AMPost a Comment (0)

Get Rid of Fannie Mae and Freddie Mac

January 26th, 2010 1:15 PM

Barney Frank, House Financial Services Committee Chairman, wants to replace them: New York Times Jan 22, 2010

Posted by Peter Boyle on January 26th, 2010 1:15 PMPost a Comment (0)

First FCIC Hearing Investigations!

January 23rd, 2010 11:18 AM

What questions do you have for the bankers? Huffington Post wants to know. Financial Crisis Inquiry Commission (FCIC) holding its first hearing investigating the causes behind the financial collapse: Huffington Post Jan 12 2010

Posted by Peter Boyle on January 23rd, 2010 11:18 AMPost a Comment (0)

FHA Commissioner Interview CNBC

January 22nd, 2010 12:33 PM

Watch brief CNBC Diana Olick interview with FHA commissioner Jan. 20, 2010 regarding the new FHA changes coming: CNBC Video

Posted by Peter Boyle on January 22nd, 2010 12:33 PMPost a Comment (0)

Federal Reserves Mortgage Backed Securties Meeting

January 11th, 2010 6:23 AM

Federal Reserves decision to buy mortgage backed securities may be coming to a close. Read the differences in opinion: Federal Open Market Committee Meeting Dec 15-16 2009

Posted by Peter Boyle on January 11th, 2010 6:23 AMPost a Comment (0)

FHA New Loan Limits Released

January 10th, 2010 6:10 AM

FHA updated loan limits Jan 1 2010 – Dec 31 2010: FHA New Loan limits
FHA Mortgage Limits by State
All Counties
FHA State Limits At or Above Ceiling
FHA All Other States Between Floor and Ceiling

For more: MN FHA Mortgage Home Loan

Posted by Peter Boyle on January 10th, 2010 6:10 AMPost a Comment (0)