November 21, 2010 (Shirley Allen) The “Scorecard” released by the Treasury Department and the Department of Housing and Urban Development (HUD) in November indicates that the housing market is beginning to show signs of stabilization. Read more...
November 20 2010 (Jeff Alan) One of the worst things that happens during tough economic times is that the scammers always seem to come out of the wood work. Well now there’s good news for struggling homeowners. Read more...
November 20 2010 (Jeff Alan) Home prices declined for the second month in a row after seven months of price gains. Home prices fell 1.1 percent in September after falling 1.2 percent in August according to the just released Housing Price Index (HPI) by CoreLogic. Read more...
November 19 2010 (Jeff Alan) Foreclosure inventories continue to rise in October even though the amount of mortgage payments reported late remained flat. The percentage of homes that had loans 30 days or more past due but not in foreclosure was 9.29 at the end of October which was an increase of 0.1 percent from [...]
November 19 2010 (Chris Moore) Sometimes with all the doom and gloom about falling home prices and the low interest rates that don’t seem to be sparking much interest with home buyers, you forget that capitalism has a way of fixing its on problems. One such example of that fact is that those same low [...]
November 18 2010 (Shirley Allen) Fannie Mae has announced a new online pilot program through its HomePath Online Offers to collect and manage real estate purchase offers for Fannie Mae-owned properties. The program is being tested in the three following areas: Orlando, Fla.; San Diego, Calif.; and in Wayne County, Detroit, Mich. Read more...
November 18, 2010 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage (FRM) and the 15-year (FRM) rose dramatically this week, as did the 5-year ARM. The 1-year ARM remained unchanged from the previous week. Read more...
November 17 2010 (Jeff Alan) Housing activity was a mixed bag in October with housing starts dropping while building permits increased from the September. The number of housing starts is the lowest since April 2009. Housing starts dropped in October to a 519,000 annual rate, down 12 percent from the revised September estimate of 588,000, [...]
November 17 2010 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier, and the Index's four week moving average is [...]
