June 7, 2011 (Shirley Allen) Zillow.com reports that home values in April 2011 fell 0.77 percent compared to March and are 8.0 percent lower than they were in April 2010. That’s the lowest level of month-over-month depreciation since a 0.89 percent decrease recorded between November and December of 2010. […]
June 6, 2011 (Jeff Alan) Although home prices in the first quarter of 2011 show a double dip, the latest data from Altos Research’s Mid-Cities Composite shows signs of a strengthening spring market as median home prices increased from $440,194 in April to $444,273 in May 2011. […]
June 6, 2011 (Chris Moore) You’ve worked hard, you’ve skimped and saved for that down payment, you feel like you’ve been to a hundred websites looking at a thousand homes, filled out all that paperwork and now you’ve finally found your dream home…but is the neighborhood safe? […]
June 3, 2011 (Chris Moore) Are borrowers who only defaulted on their mortgage loans during the economic downturn a better credit risk than borrowers who defaulted on their mortgage loans and their other debt, such as car loans and credit cards? A recent study by credit bureau giant TransUnion would suggest that they are. [...]
June 3, 2011 (Shirley Allen) The number of proprietary loan modifications declined in April 2011 according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. The organization reports that 57,000 homeowners received permanent, proprietary loan modifications in April compared to 77,000 in March, a reduction of 26 [...]
June 3, 2011 (Shirley Allen) Freddie Mac is joining the Federal Housing Administration (FHA) in providing a full menu of relief policies for borrowers who have been recently affected by the storms in the Midwest areas that are located in counties that the President has declared as Major Disaster Areas. […]
June 3, 2011 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Pasadena, California, on June 8 and 9, 2011. The event is being held at the Pasadena Convention 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 Monday, June [...]
June 2, 2011 (Shirley Allen) Mortgage interest rates continued their downward trend for the seventh consecutive week, hitting new lows for the year and reflecting continuing concerns of a weakening economy and housing market according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending June 2, 2011. […]
June 2, 2011 (Shirley Allen) Private residential construction spending increased 3.1 percent to a seasonally adjusted annual rate of $232.1 billion in April 2011 compared to March according to the U.S. Census Bureau, however, overall private residential construction spending was down 12.1 percent from April 2010. […]
