March 13, 2012 (Shirley Allen) Foreclosure starts jumped in January with the bulk of the activity originating from the two Government Sponsored Enterprises (GSE), Freddie Mac and Fannie Mae, according to the Mortgage Monitor Report released by Lender Processing Services (LPS). […]
March 13, 2012 (Shirley Allen) Monthly sales of new and resale homes in the Seattle area declined as expected from December to January but still beat last year’s tally, while home prices fell to an eight year low according to real estate information provider DataQuick. […]
March 12, 2012 (Jeff Alan) The decline in home prices softened in the current rolling quarter ending in February, declining only 0.6 percent after declining by 1.6 percent the previous month according to Clear Capital’s Home Data Index (HDI). […]
March 12, 2012 (Shirley Allen) Government Sponsored Enterprise (GSE) Freddie Mac reports that it posted net income of $619 million and other comprehensive income of $887 million in the fourth quarter of 2011, resulting in total comprehensive income of $1.5 billion. […]
March 12, 2012 (Chris Moore) Weekly existing home sales volume continued to dwindle over the last 30 days while home prices maintained their downward march setting another new low in the current five year housing market cycle for the third consecutive week according to the National Home Sales Snapshot released by DataQuick. […]
March 12, 2012 (Shirley Allen) The first month of the New Year saw a surge in foreclosure starts with over 31,000 more homeowners seeing their properties fall into the foreclosure process in January than in December, and for the first time since October 2009, foreclosure sales outpaced loan modifications. […]
March 9, 2012 (Chris Moore) Household debt in the United States increased at an annual rate of 0.3 percent in the fourth quarter of 2011 according to the Federal Reserve’s latest Flow of Funds Report, the first increase in household debt since the second quarter of 2008. […]
March 9, 2012 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Los Angeles, California, on March 14th and 15th, 2012. The event is being held at the Los Angeles Convention Center and will be open from 9:00 a.m. until 7:00 p.m. on both days. […]
March 8, 2012 (Shirley Allen) Interest rates on the 15-year fixed mortgage hit a new record low this week while rates on the 30-year fixed and the 1-year and 5-year ARMs hovered only one basis point above their record lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending March 8th. [...]
