January 4, 2012 (Chris Moore) Mortgage applications continued to decline during the Christmas holiday as purchase applications tumbled while the refinance share of applications was at its highest level in 2011 according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 30, 2011. […]
January 4, 2012 (Shirley Allen) Monthly sales of new and resale homes in Las Vegas posted seasonal declines from October to November while home prices showed promising signs of stability by remaining virtually unchanged for the third consecutive month according to the latest data released from DataQuick. […]
January 4, 2012 (Shirley Allen) Private residential construction spending continued to show strength in November, increasing 2.0 percent to a seasonally adjusted annual rate of $243.7 billion, up from a revised estimate of $238.9 billion in October according to the U.S. Census Bureau. It was the third consecutive month of improvement for residential builders. [...]
January 3, 2012 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced that it has approved another one-year waiver of its anti-flipping rule on foreclosed properties bought with FHA loans. […]
January 3, 2012 (Jeff Alan) Fannie Mae completed 16,070 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in November, a decline of 8.2 percent over October according to its Monthly Summary for November 2011. […]
January 3, 2012 (Chris Moore) Consumer confidence improved for the fourth consecutive month in December as better economic news at the end of the year was reflected in more optimistic expectations for the coming year according to the latest Surveys of Consumers by Reuters/University of Michigan. […]
January 3, 2012 (Chris Moore) American mortgage debt fell to its lowest levels in five years in the third quarter of 2011 as foreclosure activity wiped out home loans and a weak housing market resulted in fewer and smaller loans according to the Federal Reserve’s latest Flow of Funds Report. […]
January 3, 2012 (Chris Moore) Weekly existing home sales volume increased for the second consecutive week while home prices remained unchanged from the previous week according to the National Home Sales Snapshot released by DataQuick. […]
December 30, 2011 (Chris Moore) National mortgage delinquencies are expected to rise to just over six percent in the first quarter of 2012 according to TransUnion and then gradually improve over the last three quarters of the year settling in at about five percent by the end of 2012. […]
