December 5, 2012 (Jeff Alan)
Wells Fargo reports that 8,563 active trial or completed loan modifications were started in September bringing the total amount of trial and completed modifications to 812,019 since its mortgage relief efforts began in April 2009.
Continue reading “8.5k Active Trial/Loan Modifications in September for Wells Fargo”
December 6, 2012 (Chris Moore)
Mortgage applications for both home purchases and refinances increased last week as three out of the five mortgage rate categories either matched or set record lows according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2012.
Continue reading “Mortgage Applications Increase as Rates Sink”
December 4, 2012 (Jeff Alan)
The average interest rates for conventional 30-year fixed rate single-family, fully amortized, purchase-money mortgages decreased from 3.76 percent in September to 3.62 percent in October according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey.
Continue reading “Fixed Mortgage Rates Drop During October”
December 4, 2012 (Chris Moore)
The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.
Continue reading “New Home Sales Dip Slightly in October”
December 3, 2012 (Shirley Allen)
Mortgage delinquencies fell by 4.91 percent in October after spiking by 7.72 percent in September and are 7.19 percent below last year’s pace according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).
Continue reading “Mortgage Delinquencies Fall in October”