September 6, 2011 (Jeff Alan) Wells Fargo reports that 8,784 active trial or completed loan mortgage modifications were posted in July, down from 9,759 in June. As of July 31, 2011, Wells Fargo says it has completed or has in active trial 704,869 mortgage loan modifications since January 2009, up from 696,085 at the end [...]
September 2, 2011 (Chris Moore) The housing market showed its fragility in July as the improvements brought on by seasonal selling trends the last few months gave way to a mixed bag of data that points to a recovery that is still a long ways off according to the latest release of the Obama Administrations [...]
September 2, 2011 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Atlanta, Georgia, on September 8th and 9th, 2011. The event is being held at the Georgia World Congress Center and will be open from 9:00 a.m. until 7:00 p.m. each day. The last day to register for this event is Tuesday, [...]
September 2, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to the state of New Jersey, providing support to homeowners and low-income renters who have been forced from their homes due to the recent severe weather and flooding caused by Hurricane Irene. […]
September 2, 2011 (Shirley Allen) Private residential construction spending declined 1.4 percent to a seasonally adjusted annual rate of $248.1 billion in July from a revised estimate of $251.7 billion in June according to the U.S. Census Bureau as the total amount spent on home improvements exceeded the amount builder’s spent on new private residential [...]
September 1, 2011 (Shirley Allen) Weaker economic data kept mortgage rates near their 50 year lows while the 5/1 Treasury-indexed hybrid ARM reached a new low of 2.96 percent according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
September 1, 2011 (Jeff Alan) Fannie Mae reports that the monthly delinquency rate for single-family homes in its mortgage portfolio remained unchanged in July at 4.08 percent according to its Monthly Summary for July 2011. A year ago, Fannie Mae’s delinquency rate was 4.82 percent and with the exception of July, has improved every month [...]
September 1, 2011 (Shirley Allen) The number of proprietary loan modifications rebounded in July after a 7.5 percent decline in June according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. Meanwhile, foreclosure starts and sales declined and mortgage delinquencies climbed upwards. […]
September 1, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to the states of New York, North Carolina and Iowa, providing support to homeowners and low-income renters who have been forced from their homes due to the recent severe weather and flooding cause by [...]
