July 1, 2011 (Jeff Alan) Fannie Mae reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 4.19 percent based on data released in its Monthly Summary for May 2011. That is down from 4.27 percent in April 2011 and down from 5.15 percent in May 2010. […]
July 1, 2011 (Chris Moore) It’s not an avalanche, but maybe it’s the start of something good, as national home prices, including distressed sales, increased by 0.8 percent from April 2011 to May 2011 according to CoreLogic’s May Home Price Index (HPI), marking the second consecutive month of gains for the HPI. […]
July 1, 2011 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Bellevue, Washington, on July 7 and 8, 2011. The event is being held at the Hyatt Regency Bellevue 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, July [...]
June 30, 2011 (Shirley Allen) Sixty-eight percent of all existing home sales in the Las Vegas region are distressed properties according to the latest data released from DataQuick. New and existing home sales are at a five year high, but the high level of foreclosures continues to keep market prices low. […]
June 30, 2011 (Jeff Alan) A study released by the Department of Housing and Urban Development (HUD) reports that the nation’s 1.2 million public housing units need an estimated $25.6 billion in repairs. […]
June 30, 2011 (Shirley Allen) Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
June 29, 2011 (Chris Moore) The Pending Home Sales Index (PHSI) rebounded in May as contract signings increased 8.2 percent to 88.8 after falling 11.3 percent from an upwardly revised 82.1 in April according to the National Association of Realtors (NAR). […]
June 29, 2011 (Shirley Allen) According to the data collected on June 28, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 4.69 percent (4.93% APR) for 30-year fixed mortgages, which is down slightly from 4.70 percent reported the previous week, 3.93 percent (4.29% APR) for 15-year fixed [...]
June 29, 2011 (Shirley Allen) The number of mortgages that are more than 90 days delinquent combined with the current foreclosure inventory would take nearly 52 months to clear out at the current rate of sales according to figures released in the May Mortgage Monitor report by Lenders Processing Services (LPS). […]
