The Mortgage Bankers Association also noted that home purchase activity for the same week jumped with the purchase index increasing 8.3% from a week earlier.
Overall, the MBA found that its [...]
Wednesday, December 7, 2011
Mortgage applications jump 12.8% as refinancing volume soars
Mortgage applications jump 12.8% as refinancing volume soars: Mortgage applications increased 12.8% for the week ending Dec. 2 as consumers rushed to refinance loans at low interest rates, an industry trade group said Wednesday.
The Mortgage Bankers Association also noted that home purchase activity for the same week jumped with the purchase index increasing 8.3% from a week earlier.
Overall, the MBA found that its [...]
The Mortgage Bankers Association also noted that home purchase activity for the same week jumped with the purchase index increasing 8.3% from a week earlier.
Overall, the MBA found that its [...]
Tuesday, December 6, 2011
TransUnion Forecasts Turning the Corner on Mortgage Delinquency in 2012
TransUnion Forecasts Turning the Corner on Mortgage Delinquency in 2012: Improvement seen despite continued pressure from housing prices and unemployment.
Credit Card Tricks for Travelers « Credit Card Education
<b>Credit</b> Card Tricks for Travelers « <b>Credit</b> Card Education: There are also a handful of credit unions that are making EMV-enabled credit and debit cards available to their customers, such as the New York based United Nations Federal Credit Union and the Raleigh, NC State Employees' Credit Union. ...
Credit Card Education
Credit Card Education
Monday, December 5, 2011
September home prices dip 1.2% in LPS home price index
September home prices dip 1.2% in LPS home price index: Home prices dipped 1.2% in September, and partial data for October suggest prices dropped about 1.1% that month, consistent with seasonal declines, according to Lender Processing Services (LPS: 19.17 +1.48%).
To date, the LPS home price index has reflected a 3.7% annual drop in prices. The index summarizes home price trends nationwide by tracking monthly sales [...]
To date, the LPS home price index has reflected a 3.7% annual drop in prices. The index summarizes home price trends nationwide by tracking monthly sales [...]
Monday Morning Cup of Coffee
Monday Morning Cup of Coffee: A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Republican Presidential candidate Herman Cain suspended his campaign on Saturday for the GOP nomination amid accusations that he sexually harassed several women and had an extramarital affair. Cain continued to deny those allegations on Saturday.
"I am suspending my presidential campaign [...]
Republican Presidential candidate Herman Cain suspended his campaign on Saturday for the GOP nomination amid accusations that he sexually harassed several women and had an extramarital affair. Cain continued to deny those allegations on Saturday.
"I am suspending my presidential campaign [...]
Friday, December 2, 2011
Amended rule changes mediation landscape in Florida
Amended rule changes mediation landscape in Florida: Servicers working through foreclosure mediation cases in Florida will no longer be able to send representatives to the bargaining table unless those agents have full authority to consider all settlement offers and authorize a deal on the spot without further consultation.
That change is the result of The Supreme Court of Florida's decision to amend civil [...]
That change is the result of The Supreme Court of Florida's decision to amend civil [...]
Fixer-Uppers Can Help Fix Foreclosure Mess, Stabilize Home Prices
Fixer-Uppers Can Help Fix Foreclosure Mess, Stabilize Home Prices: Most foreclosures and short sales are in some state of disrepair and are sold below intrinsic value to builders. The builders then renovate, repair and put them back on the market at a higher price to recoup their costs and make a profit.
5 Keys For Developing Talent In Your Organization
5 Keys For Developing Talent In Your Organization: Ten years after publishing its research on the War for Talent, McKinsey produced follow-on work reemphasizing the need to make talent a strategic priority. Despite launching expensive programs to attract and retain talented employees, many senior executives remain frustrated with the results and admit their own failure to pay close enough attention to these issues. ...
REO investors squeezing out owner occupants
REO investors squeezing out owner occupants: Owner occupancy rates of real estate-owned sales are plummeting as investors who recognize their economic value are taking advantage of bulk transactions, a trend that nonprofits and trade groups are closely monitoring.
New Vista Asset Management, a San Diego-based provider of real estate services for sellers of foreclosed residential homes, performed a three-year study that found [...]
New Vista Asset Management, a San Diego-based provider of real estate services for sellers of foreclosed residential homes, performed a three-year study that found [...]
Thursday, December 1, 2011
Residential construction spending up 3.2% in October
Residential construction spending up 3.2% in October: Residential construction spending rose 3.2% from a month ago to a seasonally adjusted annual rate of $247.3 billion, the U.S. Census Bureau said Thursday.
That annual rate is also up 0.6% from residential spending levels a year ago, though still down significantly from the peak level of $676.4 billion in March 2006.
Nonseasonably adjusted monthly levels increased [...]
That annual rate is also up 0.6% from residential spending levels a year ago, though still down significantly from the peak level of $676.4 billion in March 2006.
Nonseasonably adjusted monthly levels increased [...]
Pending home sales rise 25% in Miami area
Pending home sales rise 25% in Miami area: Pending home sales in Broward County, Fla., home of the Miami metropolitan statistical area, increased 25% in October to 3,356 pending listings compared to 2,633 a year earlier.
Those numbers come from the latest Miami Association of Realtors report.
Single-family home and condominium sales pending during the same month increased 43% and 16% year-over-year, respectively, the report [...]
Those numbers come from the latest Miami Association of Realtors report.
Single-family home and condominium sales pending during the same month increased 43% and 16% year-over-year, respectively, the report [...]
HUD considers FHA mortgage premium increase
HUD considers FHA mortgage premium increase: The Department of Housing and Urban Development is considering increasing premiums on Federal Housing Administration-insured mortgage loans.
The revelation comes after weeks of FHA official denials.
HUD Secretary Shaun Donovan testified Thursday to the House Financial Services Committee that as a result of an October analysis by an independent actuary of FHA's insurance fund, HUD is not [...]
The revelation comes after weeks of FHA official denials.
HUD Secretary Shaun Donovan testified Thursday to the House Financial Services Committee that as a result of an October analysis by an independent actuary of FHA's insurance fund, HUD is not [...]
RadarLogic: Home prices down, demand picks up slightly
RadarLogic: Home prices down, demand picks up slightly: Home prices as measured in the Radar Logic RPX Composite Price Index fell 4.4% for the 12-month period ending in September, the New York-based research firm said Thursday.
Despite prices continuing on a downward trajectory, demand is starting to pick up in areas across the country, New York-based Radar Logic said in its latest September 2011 [...]
Despite prices continuing on a downward trajectory, demand is starting to pick up in areas across the country, New York-based Radar Logic said in its latest September 2011 [...]
Empire State Building on track to be part of IPO
Empire State Building on track to be part of IPO: Want to buy a piece of the Empire State Building? Interested investors are one step closer.
The Malkin family disclosed plans to create a publicly traded real estate company that would include the 102-story skyscraper at Fifth Avenue and 34th Street, according to papers filed Tuesday with the Securities and Exchange Commission. The [...]
The Malkin family disclosed plans to create a publicly traded real estate company that would include the 102-story skyscraper at Fifth Avenue and 34th Street, according to papers filed Tuesday with the Securities and Exchange Commission. The [...]
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