Commercial banks eased standards for residential mortgage loans to meet a sharp increase in demand in the second quarter, the ""Federal Reserve"":http://www.federalreserve.gov/ reported Monday in its quarterly survey of bank...
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Walmart’s Positive Impact on Home Prices: NBER
...to be true. For the study, which was authored by Devin G. Pope and Jaren C. Pope, NBER assessed over one million housing transactions located near 159 Walmarts that opened...
Read More »CoreLogic: 23.7% of Mortgages are Underwater, Down from 25.2%
While negative equity still continues to hinder the housing market's recovery, ""CoreLogic"":http://www.corelogic.com reported Thursday that the share of underwater mortgages declined. [IMAGE] In the first quarter of 2012, the total...
Read More »Obama Administration Continues Pushing for Mods in Mixed Market
Once again, data compiled in the Obama administration's ""Housing Scorecard"":http://portal.hud.gov/hudportal/HUD?src=/initiatives/Housing_Scorecard pointed to both signs of promise and reasons for concern. The May scorecard was jointly released by the administration and...
Read More »RealtyTrac Names 10 Best Beach Towns to Buy Foreclosures
...Head Island, South Carolina was number six on the list. In the first quarter of 2012, 159 foreclosure-related sales took place. The average sales price for foreclosure-related sales was $202,454,...
Read More »Demand for Foreclosures Triples for Homebuyers: Realtor.com
...survey, conducted over 1,004 phone interviews at the beginning of May, suggested that homebuyer interest in foreclosures has jumped 159 percent since October 2009, when foreclosures made up 29 percent...
Read More »Home Prices Show Strongest Gain in 6 Years: NAR
Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the ""National Association of Realtors"":http://www.realtor.org/ (NAR) reported Tuesday. Economists...
Read More »Higher Foreclosure Rates Bump Up Percentage of Serious Delinquencies
According to a report from ""Foreclosure-Response.org"":http://www.foreclosure-response.org/, the serious delinquency rate, which includes loans 90 or more days past due plus foreclosures, increased for the first time after a downward trend...
Read More »Loan Performance Improves, Foreclosure Starts Down, LPS Reports
Across the board, loan performance improved for February, and foreclosure starts were down compared to the month before in January, according to a report from ""LPS"":http://www.lpsvcs.com/Pages/default.aspx ""Applied Analytics"":http://www.lpsvcs.com/Divisions/AppliedAnalytics/Pages/default.aspx. Despite the...
Read More »BofA Will No Longer Sell New Loans to Fannie Mae
*WHO* ""Bank of America"":https://www.bankofamerica.com/ and ""Fannie Mae"":http://www.fanniemae.com/portal/index.html [IMAGE] *WHAT and WHEN* Bank of America will no longer sell new loans to Fannie Mae due to disputes over repurchase claims. The...
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