Denver’s Integrated Asset Services, LLC (IAS) released its latest IAS360 House Price Index on Tuesday, which IAS says is evidence of a continued tailspin for the U.S. housing market. The company reported that nationally, the industry experienced a staggering 3.
Read More »Report: Mortgage Lawsuits Diminish in Q4
Despite a surge in actions taken by bank regulators, overall mortgage litigation eased at the end of last year, according to a study prepared by the D.C. law firm of Weiner Brodsky Sidman Kider PC. The firm tracked a total of 202 active cases in the fourth quarter report.
Read More »HomeGain Poll Shows Value Disconnect
Emeryville, California-based HomeGain, the first website to provide free instant home values, today announced the results of a nationwide survey analyzing homeowners’ and homebuyers’ views on home prices.
Read More »UFA: Default Tsunami May Be Receding
According to Michigan-based University Financial Associates (UFA), the risk of default for nonprime mortgages during the first quarter of 2009 is down from Q4 2008. The company’s Default Risk Index for the first three month’s of 2009 fell to 201 from last quarter’s revised index of 209.
Read More »MBA: Delinquencies Hit Record-Highs
The Mortgage Bankers Association (MBA) released its Mortgage Delinquency Survey for 2008 on Thursday, which showed that Americans fell behind on their mortgages and banks seized homes at a record pace in the fourth quarter of last year.
Read More »Bond Yields Push Mortgage Rates Up
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) on Thursday, showing increases in mortgage interest rates for all types of loan products covered in the study. Frank Nothaft, Freddie Mac’s VP and chief economist, attributed the rise in mortgage rates to higher bond yields this week, amid reports of continuing record jobless claims and a downward revision of economic growth in the fourth quarter of 2008.
Read More »Auction Industry Sees Revenue Growth in Real Estate
The National Auctioneers Association (NAA), headquartered in Overland Park, Kansas, released the results of its 2008 industry survey this week. The report showed an increase in revenue from residential real estate sold at auction.
Read More »Report: Mortgage Delinquencies Rise for 8th Straight Quarter
According to a report released Tuesday by credit reporting agency TransUnion LLC, the ratio of borrowers 60 or more days past due on their mortgages increased for the eighth straight quarter, hitting a national average high of 4.
Read More »Pending Home Sales Down
According to a new report released Tuesday by the National Association of Realtors (NAR), pending home sales declined on the heels of a weakening economy as buyers awaited clarity on the federal government’s housing stimulus provisions.
Read More »Report: Bankruptcies, Late Payments, Mortgage Delinquencies Kick Off 2009
The deteriorating economy is evident in recent consumer credit woes as bankruptcies, past-due credit card payments, and delinquent mortgages are beginning to pile up according to a new report by Equifax Inc.
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