March 5, 2012 (Chris Moore) The overall outlook for the housing market continues to be described as in a state of fragility in January, with housing inventories showing improvement and loan performance showing signs of stability, but with the fall in home prices showing no signs of ending according to the February release of the [...]
March 5, 2012 (Shirley Allen) Applications for mortgage loans insured by the Federal Housing Administration (FHA) jumped in January led by a surge in refinance applications while the number of loans that became delinquent continued to climb according to the agency’s Single-Family Outlook report for January. […]
March 5, 2012 (Chris Moore) Weekly existing home sales volume and home prices remained at about the same levels as last week with sales edging upward while prices fell slightly, setting a new low in the current five year housing market cycle according to the National Home Sales Snapshot released by DataQuick. […]
March 2, 2012 (Shirley Allen) Private residential construction spending improved for the fifth consecutive month in January, increasing 1.8 percent to a seasonally adjusted annual rate of $253.6 billion, up from a revised estimate of $249.2 billion in December according to the U.S. Census Bureau. […]
March 2, 2012 (Jeff Alan) Fannie Mae completed 13,660 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in January, a decline of 25.6 percent over December according to its Monthly Summary for January 2012. […]
March 2, 2012 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Richmond, California, on March 7th and 8th, 2012. The event is being held at the Craneway Pavilion and will be open from 9:00 a.m. until 7:00 p.m. on both days. […]
March 1, 2012 (Shirley Allen) Interest rates on fixed rate mortgages declined slightly this week, hovering just above their all-time lows, while the 1-year Treasury-indexed adjustable rate mortgage fell to a new record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending March 1st. […]
March 1, 2012 (Shirley Allen) Government Sponsored Enterprise (GSE) Fannie Mae reports that it suffered a net loss of $2.4 billion in the fourth quarter of 2011, compared to a net loss of $5.1 billion in the third quarter of 2011, citing continued credit-related expenses from its pre-2009 book of business and declining home prices [...]
March 1, 2012 (Shirley Allen) Monthly sales of existing homes and condominiums in Massachusetts fell as expected in January but still managed to stay above year ago levels according to the latest data from the Massachusetts Association of Realtors®. […]
