August 17, 2011 (Chris Moore) Construction of new residential housing lost momentum in July as declines in new single-family housing starts were partly offset by gains in apartment construction according to the latest data released by the Census Bureau. […]
August 16, 2011 (Shirley Allen) Freddie Mac is offering a new round of buyer assistance on homes in its HomeSteps foreclosure inventory now through November 15, 2011. The new program, “Condo Cash,” provides cash assistance to eligible condominium buyers for standard association dues. ...
August 16, 2011 (Chris Moore) Without a deal on the table to extend or make permanent current conforming loan limits on government-backed mortgages by Fannie Mae and Freddie Mac, Wells Fargo will no longer accept applications for loans that fall under the soon to expire temporary loan limits. […]
August 16, 2011 (Chris Moore) New and existing home sales in Southern California fell to the lowest levels for a July in four years according to real estate information provider DataQuick as new home sales continued to decline to record low levels. […]
August 16, 2011 (Jeff Alan) Confidence among the nation’s new single-family home builders remained at low levels in August according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as economic uncertainty continues to discourage potential buyers from considering new home purchases. […]
August 15, 2011 (Chris Moore) Ninety-five percent of refinancing borrowers picked a fixed rate loan in the second quarter of 2011 according to Freddie Mac’s Quarterly Product Transition Report regardless of whether their previous loan was a fixed rate mortgage (FRM) or an adjustable rate mortgage (ARM). […]
August 15, 2011 (Jeff Alan) Foreclosure activity decreased four percent from June to July, and was 35 percent below year ago levels, as processing and procedural delays and national and state-level foreclosure prevention programs may be contributing to a delay in the recovery of the housing market according to RealtyTrac’s Foreclosure Market Report for July [...]
August 15, 2011 (Shirley Allen) Government Sponsored Enterprise (GSE) Freddie Mac reports that it posted a net loss of $2.1 billion in the second quarter of 2011, compared to a net profit of $676 million in the first quarter of 2011. The second quarter results were still significantly less than the same quarter in 2010 [...]
August 12, 2011 (Shirley Allen) Mortgage interest rates followed Treasury yields to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year and 1-year ARMs reaching historic lows, shrugging off last weeks debt crisis and credit downgrade according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
