December 9, 2011 (Jeff Alan) As of October 31, 2011, Wells Fargo reports it has in active trial or has completed 721,116 mortgage loan modifications since its mortgage relief efforts began in January 2009, up from 716,176 at the end of September. […]
December 9, 2011 (Chris Moore) One out of three home builders reported losing the sale of a brand new home in the last six months because the appraisal was less than the selling price of the home according to the National Association of Home Builders (NAHB). […]
December 9, 2011 (Chris Moore) The housing market continued to show its fragility in November but yet like last month, also continued to show encouraging signs of stability according to the latest release of the Obama Administration’s Housing Scorecard. […]
December 8, 2011 (Shirley Allen) Fixed rate mortgages dipped slightly this week with the 15-year fixed rate mortgage slightly above its all-time low while adjustable mortgages increased slightly following two weeks of setting new record lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 8th. […]
December 8, 2011 (Jeff Alan) Prices for condominiums in Los Angeles and San Francisco hit their lowest levels since long before the housing crisis began and New York was the only market to see prices increase in September according to Standard and Poor. […]
December 8, 2011 (Jeff Alan) Wells Fargo has committed to donating up to $1.2 million in real estate owned (REO) properties and $600,000 to repair those properties to the non-profit organization Rebuilding Together to help revitalize neighborhoods hit hard by the economic downturn and the housing crisis. […]
December 8, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will provide disaster relief assistance to homeowners and low-income renters in New Hampshire who were forced from their homes following severe storms and snowstorms that struck in October. […]
December 7, 2011 (Chris Moore) Mortgage applications bounced back after the slow Thanksgiving holiday though activity was still below levels reported two weeks ago according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2011. […]
December 7, 2011 (Jeff Alan) The list of improving metropolitan areas expanded again this month, increasing by eleven additional metro areas to 41, according to the NAHB/First American Improving Market Index (IMI). […]
