February 15, 2012 (Shirley Allen) Mortgage delinquencies were on the rise across the nation for the second consecutive quarter according to TransUnion. The mortgage delinquency rate edged up to 6.01 percent at the end of the fourth quarter in 2011 from 5.88 in the previous quarter. […]
February 15, 2012 (Jeff Alan) Prices for condominiums in the New York area have experienced the smallest declines of the five major metropolitan areas since their housing market peaked despite the area’s first monthly price decline in six months according to Standard and Poor’s HouseViews. […]
February 14, 2012 (Shirley Allen) Sales of existing homes and condominiums in Illinois followed seasonal trends and declined from the third quarter of 2011 to the fourth quarter but were still higher than the same quarter a year ago according to the latest data from the Illinois Association of REALTORS® (IAR). […]
February 14, 2012 (Shirley Allen) Although tougher credit criteria for obtaining a mortgage has definitely hampered the recovery of the housing market, it has also resulted in some of the best quality mortgage originations on record according to the Mortgage Monitor Report released by Lender Processing Services (LPS). […]
February 13, 2012 (Shirley Allen) Sales of existing homes and condominiums in Florida followed seasonal trends and declined from the third quarter of 2011 to the fourth quarter but continued to show improvement compared to a year ago according to the latest data from the Florida Realtors®. […]
February 13, 2012 (Jeff Alan) Wells Fargo reports that 3,314 active trial or completed loan mortgage modifications were started in December bringing the total amount of trial and completed modifications to 728,024 since its mortgage relief efforts began in January 2009. […]
February 13, 2012 (Chris Moore) The overall outlook of the housing market remained mixed through the end of the year with inventories and foreclosure activity showing improvement but with new home sales and home prices still in the doldrums according to the January release of the Obama Administration’s Housing Scorecard. […]
February 13, 2012 (Shirley Allen) Despite solid gains in home sales towards the end of 2011, the best showing since the homebuyer tax credit induced sales in the first half of 2010, home prices and appraisals are still expected to be affected by the downward pressure brought on by the sale of lower priced distressed [...]
February 13, 2012 (Chris Moore) Weekly existing home sales volume continued to decline last week, the fifth consecutive week they have done so, while home prices fell to the same levels they were a year ago according to the National Home Sales Snapshot released by DataQuick. […]
