December 21 2010 (Chris Moore) In what could be a prelude of the national monthly existing home sales report to be released by the National Association of Realtors (NAR) on Wednesday, December 22nd, a report released on December 17th by realty giant RE/MAX revealed that home prices declined for the fifth consecutive month. Read more...
December 20 2010 (Chris Moore) Foreclosure activity took a nosedive in November, reflecting both an expected seasonal lull and foreclosure moratoriums that were imposed by several of the major servicers however, that should only be a temporary situation as foreclosures in 2011 are expected to top 2010’s record levels. Read more...
December 20 2010 (Shirley Allen) Housing starts continued to be at rock bottom lows based on the current housing report from the Commerce Department. Housing starts in November were 3.9 percent higher than October but 5.8 percent lower than a year ago. Read more...
December 18 2010 (Jeff Alan) Fannie Mae released the second installment of its 2010 Own-Rent Analysis, with highlights of the last two of the report's four major themes. Part Two’s highlights explore attitudes and behaviors toward homeownership among ethnic groups and immigrants and the economics of owning and renting over time and by geographic region. [...]
December 18 2010 (Chris Moore) Freddie Mac has continued to show its support for our brave service members by instructing its servicers to delay initiating foreclosure for at least nine months for financially troubled members who are released from active duty through the end of 2011 and have Freddie-backed mortgages. Read more...
December 17 2010 (Shirley Allen) Lender Processing Services, Inc. released the following "First Look" at November month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans. Read more...
December 17 2010 (Jeff Alan) CoreLogic released its October Home Price Index (PRI) which shows that home prices in the United States continued to slide for the third month in a row. According to the HPI, national home prices, including distressed properties, declined by 3.93 percent in October 2010 compared to October of last year [...]
December 17 2010 (Chris Moore) In an attempt to lower its risks, the Federal Housing Authority (FHA) has been taking steps to tighten its underwriting practices that could severely cause a loss in value for condominium owners, making it harder for them to sell or refinance. Read more...
December 17 2010 (Jeff Alan) As one might expect as an aftereffect of the mortgage crisis, the number of mortgage litigation cases increased by 41 percent in the third quarter of 2010 compared to the second quarter. Read more...
