Conservative Daily News - The best news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..

Tag: "Housing"

Newt Gingrich's Record: Uncomfortable But True

I’m going to say something uncomfortable to many of you, but it has to be said: Newt Gingrich has a history of flip-flopping on issues which rivals that of Mitt Romney. There, I said it. I’m not the only one to say it, either. Let’s look at Gingrich’s record: On global warming: He supported government […]

Home Sales Follow Seasonal Trend, But Remain Higher Than a Year Ago

DENVER, Nov. 17, 2011 /PRNewswire/ — October home sales were 9.0% above sales in October last year, according to The RE/MAX Monthly Housing Report, a survey of housing data from 53 metropolitan areas. As the market settles in for the winter, an expected monthly decline in home sales from September to October registered 9.8%.  However, October is […]

Fannie and Freddie: Dark Clouds Looming Over Near-Term Outlook

WASHINGTON, Aug. 22, 2011 /PRNewswire/ — The economy was hit by a barrage of disappointing news during the last month, which led to a significant downgrade in the overall macro economic forecast released today by Fannie Mae’s (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group. While the August 2011 Economic Outlook does not forecast a double dip […]

Mortgage Rates Continue to Fall

CHARLOTTE, N.C. Aug. 17, 2011 /PRNewswire/ — Average mortgage rates continued to fall week-over-week, once again marking the year’s lowest levels according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network. On August 16, average home loan rates offered by LendingTree network lenders were 4.35% (4.59% APR) […]

Laughin’ It Up

Massive Overhang of Existing Homes Putting Downward Pressure on U.S. Home Prices and Demand

LOS ANGELES, June 16, 2011 /PRNewswire/ — A massive inventory of existing homes is dampening the recovery in the U.S. housing sector according to Brendan Lowney, macroeconomist with Forest Economic Advisors (FEA). Lowney estimates excess home inventories at 2.5 million. He says that this oversupply has put downward pressure on home prices, which in turn has caused a […]

Mortgage Rates Reverse Course

NEW YORK, June 16, 2011 /PRNewswire/ — Mortgage rates increased this week, following a nine-week streak of declines. The benchmark conforming 30-year fixed mortgage rate is now 4.71 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points. The average 15-year fixed mortgage jumped up to […]

Mortgage Banking Giant Agrees to Pay Homeowner $30,000 as Part of Settlement Agreement

With pending counterclaims of fraud and predatory lending, Deutsche Bank agrees to pay defendant $30,000 and issue a letter to correct credit to settle a New Jersey foreclosure action PHILADELPHIA, June 14, 2011 — Shaffer & Gaier, LLC announced today that its client has agreed to a $30,000 cash settlement with Deutsche Bank in an […]

Fannie and Freddie Fatcats Still Raking in Taxpayer Dollars. $35M in Bonuses

Fannie Mae and Freddie Mac executives raked in over $35 million dollars in bonuses while sucking another $153 BILLION dollars out of taxpayers for being nothing more than an epic failure. A report issued Thursday by the Federal Housing Finance Agency’s Office of the Inspector General shed some light on the following payoffs for incompetence, […]

Whitehouse Ignores the Rule of law, refuses to report on Fannie and Freddie once again!

       The Whitehouse continues to stall on reforming the money train known as Fannie Mae and Freddie Mac, even though they are breaking their own so-called Financial Reform, ( also known as the Dodd-Frank Bill) laws to do it. This article is a part of the continuing exposure of the fraud, corruption and waste of taxpayer […]

Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com: “Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.” Yet they have managed to do just the opposite of the purpose for which […]

Money for Nothing and Houses for Free.

How would you feel if a burglar was caught inside your home stealing everything of value, and when the police went to make out the police report, you were told that you would have to write a check for $5000.00 to pay for the burglar’s legal fees? Well that happens indirectly, with the Lawyer-enriching “Right […]