DSNews BY: Ashley R. Harris 1/2/2014 The HOPE NOW Alliance recently announced that an estimated 50,000 homeowners received permanent, affordable loan modifications from mortgage servicers during October 2013. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP). “As HOPE NOW begins to wind down 2013 activities and head into a seventh year […]
Mortgage Rates Start 2014 on the Up and Up
DSNews BY: Tory Barringer 1/2/2012 Mortgage rates began 2014 with a round of increases, kicking off a trend many experts believe will continue through the rest of the year. Freddie Mac’s weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaging 4.53 percent (0.8 point) for the week ending January 2, up […]
Why so Few Houses for Sale? Lots of Reasons.
DSNews BY: HOWARD GOLDTHWAITE, December 9, 2013 Inventories of homes for sale have been slow to bounce back since the 2007–09 recession, despite steady price appreciation since January 2012.Normally, higher prices reflect robust sales. But lately, prices have been rising even though sales remain stuck at relatively low levels. […]
Foreclosures, Foreclosure Inventory, Serious Delinquencies All Falling
DSNews BY: Krista Franks Brock December 9, 2013 Foreclosures are declining but continue to remain well above pre-crisis norms, according to CoreLogic’s October National Foreclosure Report released Monday. During the month of October, the company reports 48,000 foreclosures were completed. That’s down 30 percent from the 68,000 reported in October of last […]
Markets Approach Normalcy as Foreclosure Crisis Enters ‘Ninth Inning’
DSNews By: Krista Franks Brook 12/11/13 The national foreclosure crisis is reaching its end as many markets work their way toward normalcy, according to the latest U.S. Foreclosure Market Report from RealtyTrac. As major evidence of this trend,RealtyTrac reports foreclosure starts reached a 95-month low in November. http://tinyurl.com/m6clom9
HUD Defines Two Types of Qualified Mortgages
DSNews: By: Howard Goldthwaite 12/13/13 HUD has issued a newly revised definition for Qualified Mortgage (QM) which will affect all Federal Housing Administration (FHA) loans moving forward. The new rule goes into effect January 10, 2014, and will apply to mortgages that are insured, guaranteed, or administered through HUD. http://tinyurl.com/mvl34jg
Mortgage Rates See Sharp Increases
DSNews.com BY: Tori Barringer December 5, 2013 Long-term mortgage rates saw a jump this week following better-than-expected economic reports. Freddie Mac released Thursday the results of its Primary Mortgage Market Survey, putting the average 30-year fixed-rate mortgage (FRM) at a rate of 4.46 percent (0.5 point) for the week ending December […]
FHFA: Conforming Loan Limits Remain Unchanged
Conforming loan limits will remain the same according to recent guidance issued by the Federal Housing Finance Agency (FHFA). The agency announced that the 2014 maximum loan limit for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country. The Housing and Economic […]
Is Tighter Credit for the Better?
DSNews, BY: KRISTA FRANKS BROCK It’s no secret underwriting standards have tightened in recent years, and while many decry the heightened standards for making homeownership less accessible to some Americans, CoreLogic economist Sam Khater pointed out in a report released Wednesday that heightened standards are undoubtedly impacting delinquency rates for the better. “While there has been much […]
Delinquency Study Indicates Housing Is Nearing Pre-Crisis Norms
By: KRISTA FRANKS BROCK, DSNews.com 11/7/13 Delinquency and foreclosure data reveals the housing market is heading back to pre-crisis norms, according to the Mortgage Bankers …See More http://tinyurl.com/ny4t9zg
