Stocks Plunge
by PAUL JACKSON
Wednesday, November 5th, 2008, 4:07 pm
The election-day rally lasted one day, with the Dow Jones Industrials falling more than 5 percent in Wednesday’s trading session. Reports suggest investors are pondering an Obama presidency, and dim prospects for the economy.
Origination/Lending
The median home listing price declined 1.3% in the Altos Research 10-city composite, continuing a seven-month-long run of declining list...
Secondary Markets/Investors
The government-sponsored enterprises (GSEs) will buy $200bn of serious delinquent loans out of their mortgage-backed securities (MBS) pools over the...
Servicing/Default
All servicers approved by Fannie Mae (FNM: 1.15 +5.50%) must now consider an “Alternative Modification” for all mortgages that did...
