January 18, 2012 (Jeff Alan) Monthly default rates on first mortgages continued to rise for the fourth consecutive month in December, pushing the S&P/Experian Consumer Credit Default Indices up slightly to 2.24 percent from 2.22 percent in November. […]
January 17, 2012 (Jeff Alan) Unemployed borrowers who have their mortgages owned or guaranteed by Fannie Mae may be eligible for up to 12 months of forbearance starting March 1, 2012. The new guidelines double the existing policy’s eligibility period. […]
January 17, 2012 (Jeff Alan) Year-over-year home prices in the U.S. are expected to continue declining through the first quarter of 2012 before turning around in the spring and summer resulting in a 0.2 percent gain by year’s end, the first since 2006, according to Clear Capital’s Home Data Index (HDI). […]
January 17, 2012 (Chris Moore) Economic activity was reported to be expanding at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from late November through the end of December. […]
January 17, 2012 (Chris Moore) Weekly existing home sales volume fell for the first time in four weeks, but just barely, while home prices continued to hold steady for the fourth consecutive week according to the National Home Sales Snapshot released by DataQuick. […]
January 16, 2012 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Stockton, California, on January 18th and 19th, 2012. The event is being held at the Stockton Arena and will be open from 9:00 a.m. until 7:00 p.m. […]
January 13, 2012 (Jeff Alan) The long downhill slide of condominium prices in Los Angeles and San Francisco are beginning to look more and more like a Charlton Heston disaster movie from the 1970’s while New York continued to be the one shining star as condo prices there increased for the fifth consecutive month according [...]
January 13, 2012 (Chris Moore) Home prices continued to follow normal seasonal trends in November, falling another 1.4 percent from the previous month according to CoreLogic’s November Home Price Index (HPI). November’s price decline follows a 1.3 percent decline in October and is the fourth consecutive month that home prices have fallen. […]
January 13, 2012 (Shirley Allen) Home sales in the Miami area heated up in November as increased demand from investors and vacation-home buyers pushed sales to their highest level in five years according to the latest housing data released by DataQuick. […]
