July 27, 2011 (Jeff Alan) Freddie Mac has completed 66,207 loan modifications, an average of 11,305 per month, in the first half of 2011 according to the recently released Monthly Volume Summary for June 2011. The government sponsored enterprise (GSE) completed 10,809 loan modifications in June, up from 8,891 in May. […]
July 27, 2011 (Shirley Allen) Sales of new and resale homes in Las Vegas jumped up 15 percent from May to June, but home prices continued to slide downward as distressed properties accounted for 68.5 percent of all sales according to the latest data released from DataQuick. […]
July 26, 2011 (Chris Moore) Home prices increased for a second consecutive month according to the S&P/Case-Shiller Home Price Indices (HPI) as both the 10- and 20-City Composites showed improvement in home prices due to seasonal sales factors. […]
July 26, 2011 (Chris Moore) Sales of new single-family homes declined 1.0 percent from May to June at a seasonally adjusted rate of 312,000, the second straight month of declines, according to the latest data from the U.S. Census Bureau. […]
July 26, 2011 (Jeff Alan) Mortgage loans that were originated in 2005 to 2007 account for nearly two-thirds of past due balances according to Equifax. And although 30+ day delinquencies have been on the decline, roll rates for 60+ and 90+ day delinquencies continue to rise. […]
July 26, 2011 (Shirley Allen) The U.S. Misery Index increased from 12.67 in May to 12.76 in June, with the poor unemployment numbers observed in June being the major contributing factor to the increase. Unemployment increased from 9.1 percent in May to 9.2 percent in June, while inflation remained at 3.6 percent. A year ago [...]
July 25, 2011 (Jeff Alan) The Department of Housing and Urban Development (HUD) has announced that it is extending the deadline for accepting pre-applications for the Emergency Homeowners Loan Program (EHLP) to Wednesday July 27, 2011, to give at-risk homeowners more time to apply for the program. […]
July 25, 2011 (Chris Moore) Fannie Mae says that a tepid housing recovery that has yet to make any contribution to economic growth should continue for the remaining of 2011, with declines in home prices and mortgage originations leading to an overall downgrade in the housing market. […]
July 25, 2011 (Jeff Alan) Home prices and inventory increased in June according to Altos Research, with leading market indicators showing a positive trend through at least the end of September and the possibility that prices may plateau in the fourth quarter of 2011. […]
