Commentary: If credit markets are going to read news this way, rates could keep going up Early this week a spate of poor data started a bond and mortgage rally, but stopped cold today on a very ordinary employment report for May. Ten-year Treasury notes have traded back up to the 2.15 percent high of…Read More »
Archive for June, 2013
Rise in interest rates hard to square with data
Saturday, June 8th, 2013
Homebuilders ready to kick it up a notch
Friday, June 7th, 2013
Kick image via Shutterstock With tight inventory stifling a full housing recovery in many markets and foreclosures slowing down, builders are responding by ramping up plans to put new homes on the market, according to an analysis of U.S. Department of Housing and Urban Development data by RealtyTrac. During the first quarter, single-family housing permits…Read More »
Kick image via Shutterstock With tight inventory stifling a full housing recovery in many markets and foreclosures slowing down, builders are responding by ramping up plans to put new homes on the market, according to an analysis of U.S. Department of Housing and Urban Development data by RealtyTrac. During the first quarter, single-family housing permits…Read More »
Real estate investors respond to rising prices
Friday, June 7th, 2013
MEMPHIS, Tenn. – Real estate investors are responding to higher prices by buying fewer properties in the next 12 months and holding their rental properties at least five years or longer, according to a national survey of real estate investors conducted by ORC International for MemphisInvest.com and Premier Property Management Group. Investor purchasing intentions have…Read More »
MEMPHIS, Tenn. – Real estate investors are responding to higher prices by buying fewer properties in the next 12 months and holding their rental properties at least five years or longer, according to a national survey of real estate investors conducted by ORC International for MemphisInvest.com and Premier Property Management Group. Investor purchasing intentions have…Read More »
Venezuela money helps fuel Miami housing boom
Thursday, June 6th, 2013
During the first week of May, five new condo projects in downtown Miami launched sales campaigns. Among them was the boutique condo building Le Parc at Brickell. NEW YORK (CNNMoney) When politics grow heated in Latin America, home buyers from the Panama Canal to Tierra del Fuego flock to Miami looking for a safe place…Read More »
During the first week of May, five new condo projects in downtown Miami launched sales campaigns. Among them was the boutique condo building Le Parc at Brickell. NEW YORK (CNNMoney) When politics grow heated in Latin America, home buyers from the Panama Canal to Tierra del Fuego flock to Miami looking for a safe place…Read More »
Mortgage servicer taps Fannie Mae tool to prevent foreclosures
Wednesday, June 5th, 2013
Foreclosure sign image via Shutterstock. National mortgage servicer RoundPoint has adopted a Fannie Mae tool designed to help servicers work more quickly and consistently to prevent foreclosures, RoundPoint announced today. Fannie Mae’s Servicing Management Default Underwriter will allow RoundPoint to offer borrowers a more comprehensive set of workout options, ensure compliance with Fannie Mae guidelines, and shorten the…Read More »
Foreclosure sign image via Shutterstock. National mortgage servicer RoundPoint has adopted a Fannie Mae tool designed to help servicers work more quickly and consistently to prevent foreclosures, RoundPoint announced today. Fannie Mae’s Servicing Management Default Underwriter will allow RoundPoint to offer borrowers a more comprehensive set of workout options, ensure compliance with Fannie Mae guidelines, and shorten the…Read More »
Mortgage refinance applications take ‘huge hit’
Wednesday, June 5th, 2013
A jump in mortgage rates last week appeared to drive refinance demand down to its lowest level in well over a year. Applications for refinance loans dropped 15 percent for the week ending May 31 from a week earlier, reaching their lowest level since November 2011, according to the results of the latest Mortgage Bankers Association…Read More »
A jump in mortgage rates last week appeared to drive refinance demand down to its lowest level in well over a year. Applications for refinance loans dropped 15 percent for the week ending May 31 from a week earlier, reaching their lowest level since November 2011, according to the results of the latest Mortgage Bankers Association…Read More »
Short sales may show up on credit reports as foreclosures
Tuesday, June 4th, 2013
Credit bureaus working to help lenders tell the difference Here’s some good news for the large numbers of short sellers whose transactions have been classified as “foreclosures” by the credit reporting system: There is a new code on the launch pad that could bring more accuracy to the process, separating out short sales from foreclosures…Read More »
Credit bureaus working to help lenders tell the difference Here’s some good news for the large numbers of short sellers whose transactions have been classified as “foreclosures” by the credit reporting system: There is a new code on the launch pad that could bring more accuracy to the process, separating out short sales from foreclosures…Read More »
Number of Sales up to today
Monday, June 3rd, 2013
Are we in a housing bubble? Not even close, Trulia says
Monday, June 3rd, 2013
Though recent leaps in home prices may stoke fears of another bubble, the housing market is definitely not in one, listing site Trulia said in introducing “Trulia’s Bubble Watch.” Bubble Watch assesses the market’s susceptibility to bubble conditions by comparing today’s home prices with historical prices, incomes and rents. “Incomes determine how much people can…Read More »
Though recent leaps in home prices may stoke fears of another bubble, the housing market is definitely not in one, listing site Trulia said in introducing “Trulia’s Bubble Watch.” Bubble Watch assesses the market’s susceptibility to bubble conditions by comparing today’s home prices with historical prices, incomes and rents. “Incomes determine how much people can…Read More »
Rising home prices denting short sales
Monday, June 3rd, 2013
Rising home prices in many markets may be giving underwater homeowners the determination to stick it out in the hopes of being able to eventually sell at a profit, stunting the continued growth of short sales, data aggregator RealtyTrac reported today. Foreclosure-related sales — sales of homes at some stage in the foreclosure process or…Read More »
Rising home prices in many markets may be giving underwater homeowners the determination to stick it out in the hopes of being able to eventually sell at a profit, stunting the continued growth of short sales, data aggregator RealtyTrac reported today. Foreclosure-related sales — sales of homes at some stage in the foreclosure process or…Read More »
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