News

First American CoreLogic, a member of The First American Corporation, a provider of advance property and ownership information, analytics, and services, today released its September 2008 LoanPerformance Home Price Index (HPI).

The national law firm McGlinchey Stafford PLLC has unveiled a solution it says will make mortgage loan modifications efficient and seamless for financial institutions facing the prospect of large-scale processing demands.

First American CoreLogic, a member of The First American Corporation family of companies, today released the latest issue of its Core Mortgage Risk Monitor (CMRM). The CMRM forecasts delinquency risk for the real estate and mortgage industry, providing a barometer on the areas that are the most and least risky in terms of homeowners facing foreclosures due to mortgage default.

Data through September 2008, released yesterday by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, shows continued broad based declines in the prices of existing single family homes across the United States – a trend that has prevailed since 2007, the research firm said.

HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors whose mission is to prevent foreclosures and keep homeowners in their homes, yesterday announced that the mortgage industry prevented 225,000 foreclosures in October.

Unquestionably, the number of foreclosures in Arizona has reached an unprecedented high. The state has consistently ranked within the top 5 in terms of properties with foreclosure filings, according to RealtyTrac, a national database of foreclosure and bank-owned properties.

Jacksonville, Florida’s USAffordable Home LLC recently introduced what it is calling a breakthrough product designed to preserve homeownership for those struggling to make their mortgage payments.

The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey released today.

Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors (NAR). The latest market report released yesterday by NAR shows existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 3.

Single-family home sales in Massachusetts jumped nearly 14 percent in October from a year ago, the second consecutive month that sales increased, according to a report released today by The Warren Group, a real estate research firm based in Boston.