December 6 2010 (Chris Moore) Banks and mortgage lenders have garnered most of the attention during the housing crisis, but America’s Thrift and Loans have seen their share hard times as well. In a report released by the Office of Thrift Supervision (OTS) on Friday, the thrift industry posted profits of $1.77 billion, marking the [...]
November 3 2010 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the both fixed- and shorter-term mortgage rates rose this week. This was the third week in a row where fixed-rate mortgage rates were up. Read more...
December 3 2010 (Shirley Allen) The Pending Home Sales Index (PHSI), a forward-looking indicator released monthly by the National Association of Realtors (NAR), rose 10.4 percent to 89.3 based on contracts signed in October compared to 80.9 in September. Read more...
December 3 2010 (Jeff Alan) RealtyTrac has released its third quarter 2010 U.S. Foreclosure Sales Report, which shows that a total of 188,748 U.S. properties in some stage of foreclosure, whether it be by default, scheduled for auction or real estate-owned (REO), sold to third parties in the third quarter, a decrease of 25 percent [...]
December 2 2010 (Chris Moore) According to JPMorgan, which tracks U.S. mortgages held by major lenders including Freddie Mac and Fannie Mae, nearly 40 percent of homeowners are still paying 6 percent or more on their mortgages. Read more...
December 2 2010 (Chris Moore) The Federal Reserve released their Beige Book on December 1st and reports from the twelve Federal Reserve Districts indicate that the economy continued to improve, on balance, during the reporting period from early/mid-October to mid-November. Read more...
December 1 2010 (Jeff Alan) Shaun Donovan, the Secretary of the United States Department of Housing and Urban Development (HUD), announced today that the agencies Homelessness Prevention and Rapid Re-Housing Program (HPRP) prevented or ended the homelessness of 750,000 Americans. Read more...
December 1 2010 (Jeff Alan) Government mortgage giant Freddie Mac announced today that it is suspending foreclosure evictions from December 20 to January 3 for all occupied single family and 2-4 unit properties that have associated Freddie Mac mortgages. “If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater [...]
December 1 2010 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from last week. This week’s results include an adjustment for Thanksgiving Day. [...]
