Mortgage Loan Network

“More new policies are being written”

U.S. mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. via Canadian Business Magazine

“Yields drifted lower into year-end, tracking weakened stocks into the twilight of 2007 as safety and liquidity remained at a premium until the bitter end”

Treasury prices rallied in the final session of 2007 as investors who turned to the safety of government bonds throughout a turbulent year hedged once more against a variety of risks.

Treasurys staged an unusually impressive rally during the past year. Weakness in the housing sector and overall economy, as well as concerns that beleaguered banks could face a year-end liquidity squeeze, provided fuel for the government bond rally. There was steady demand throughout the year, but Treasury price gains were most vigorous in August, when investors grew nervous about the crisis in subprime mortgages and began shunning all forms of investment with exposure to these problems. Read more

For some loans, trying to eliminate mortgage insurance is more hassle than it’s worth, says Dr. Don Taylor.

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The best real estate deal depends on the local market, says the Real Estate Adviser.

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As unappetizing as Florida real estate was in 2007, look for additional helpings of glop in 2008. The new year will be one in which we continue to do penance for the sin of housing overexuberance. Keep an eye on: more»

It was certainly no surprise that water and growth were the top environmental issues in 2007. more»