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Fannie Mae Delinquency Rate Down

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Fannie Mae Delinquency Rate Down The percentage of past due loans held by the nation’s largest mortgage financier has fallen. In its monthly summary report just released, Fannie Mae said the serious delinquency rate on single-family mortgages in its portfolio dropped to 5.47 percent in March, down 12 basis points from 5.59 percent in February. […]

Housing Index At Highest Level Since ‘07

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Housing Index At Highest Level Since ‘07 U.S. homebuilders are growing more optimistic about their fortunes, with many expecting improved sales and customer traffic in coming months despite the end of homebuyer tax incentives. The government incentives helped to boost home sales this spring as many buyers raced to purchase a home in time to […]

Reports Show Declines in Mortgage Defaults

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Reports Show Declines in Mortgage Defaults Two reports examining trends in serious delinquencies — home loans on which borrowers are at least 60 days behind on payments — may finally be starting to decline. A report from the credit data firm TransUnion said such delinquencies fell slightly across the nation in the first quarter of […]

Fewer Homeowners Falling Delinquent

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Fewer Homeowners Falling Delinquent A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of March 2010 shows that, while foreclosure and mortgage delinquency rates are still near record levels, the pace may be slowing with fewer new loans becoming delinquent and an increase in the number of people bringing […]

Pending Home Sales Increase in March

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Pending Home Sales Increase in March The spring homebuying season may be gaining momentum, according to the latest data from the National Association of Realtors. The number of contracts signed, which is measured by the company’s Pending Home Sales Index, reached 102.9 in March. This is a 5.3 percent increase over the previous month’s 97.7, […]

More Evidence of a Bottom in Housing

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More Evidence of a Bottom in Housing According to recently released data, U.S. housing starts have risen 30% from their all-time low in April '09. In addition, building permits increased 38% over the same period. And not surprisingly, the Bloomberg index of home builders' stocks bottomed last July and has since risen over 50%. The […]

Making Sacrifices in a Tough Economy

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Making Sacrifices in a Tough Economy More than two thirds of Americans who’ve been unable to sell their home and buy one better fitting their needs have cut back on household expenses such as food, entertainment and clothing in order to pay their mortgage. Homeowners who have fallen on financial hard times have made other […]

Home Prices Drop for Seventh Straight Month

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Home Prices Drop for Seventh Straight Month Integrated Asset Services, LLC (IAS) reported recently that its benchmark for national house prices fell 0.6 percent in February. The drop marked the seventh straight monthly decline reported by the collateral valuation firm and pushed its home price gauge to April 2004 levels. With the February decline, the […]