Real Estate Consumer News

Foreclosures Decrease Slightly in February

Dennis Norman — Fri, 12 Mar 2010 18:05:34 +0000

For the 12th Straight Month over 300,000 properties received a foreclosure filing in February;

RealtyTrac® released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month of February, a decrease of 2 percent from the previous month [...] Related posts:

Mortgage Interest Rates Inch Back up Slightly

Dennis Norman — Wed, 10 Mar 2010 13:51:43 +0000

Home Loan Applications Increase 5.7 Percent Last Week – second consecutive week of increased home buyer activity

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 5, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 5.7 [...] Related posts:

Commercial and Multifamily Mortgage Performance Remains Better Than Other Loans

Dennis Norman — Tue, 09 Mar 2010 14:27:31 +0000

Dennis Norman

The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now, a year later, the [...] Related posts:

Florida Real Estate – Sellers Still Slashing Prices

Dennis Norman — Tue, 09 Mar 2010 04:07:33 +0000

Dennis Norman

According to a report issued today by Zip Realty, sellers in Florida are slashing prices by more than 10 percent

South Florida has deals on homes! According to Zip Realty, sellers in Miami and Ft. Lauderdale have reduced their list price by an average of nearly 15 percent, or $36,000 in February 2010. In [...] Related posts:

US Foreclosure Rate and Mortgage Delinquency Rate Continues to Rise

Dennis Norman — Fri, 05 Mar 2010 13:46:31 +0000

Dennis Norman

A report released by First American CoreLogic shows the foreclosure rate in the US increased in January to 3.19 percent, an increase of 60.3 percent from a year ago when the national foreclosure rate was 1.99 percent.

The national rate for seriously delinquent mortgage’s (mortgages that are 90+ days delinquent) increased in January as well to a rate [...] Related posts:

Pending Home Sales Drop In January; Weather Named as Cause

Dennis Norman — Thu, 04 Mar 2010 16:51:42 +0000

Dennis Norman

Today the National Association of REALTORS released it’s January Pending Home Sales Index showing a decrease of 7.6 percent in the index from December, 2009 to January 2010 (seasonally adjusted) and a 12.3 percent increase from last year.

Here are highlights from the report:

January’’s pending home sales index (seasonally adjusted) was 90.4 (the index is based upon 100.0 being [...] Related posts:

Mortgage Interest Rates Drop Back Below 5 Percent

Dennis Norman — Wed, 03 Mar 2010 22:09:04 +0000

Home Loan Applications Jump 11.7 Percent Last Week after decreasing two prior weeks

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 26, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 11.7 percent [...] Related posts:

Thinking of “walking away” from your mortgage?

Dennis Norman — Tue, 02 Mar 2010 22:00:02 +0000

Dennis Norman

You may want to consider possible legal issues before deciding to “walk away”

Homeowners who are considering “walking away” from their home to avoid making their mortgage payment need to know that their mortgage company may try to file a lawsuit to recover the amount owed on the home.

In addition, homeowners who sell their [...] Related posts:

Florida home and condo markets heat up

Dennis Norman — Mon, 01 Mar 2010 21:10:21 +0000

Dennis Norman

The sunshine state’s real estate market is heating up according to the latest report from the Florida REALTORS(R). Existing home sales rose in January, marking 17 months that sales activity has increased in the year-to-year comparions.

Existing home sales in Florida increased 24 percent in January with a total of 10,465 homes sold statewide [...] Related posts:

Appeals Court Rules Builder Incentive did not violate RESPA

Dennis Norman — Mon, 01 Mar 2010 16:45:24 +0000

Dennis Norman

The United States Court of Appeals for the Eleventh Circuit recently consdered an appeal by the plaintiffs of a class action lawsuit again D.R. Horton, Inc. and DHI Mortgage, Co brought by John R. Yeatman and Eleanor E. Yeatman on behalf of themselves and all similarly situated individuals.

The lawsuit stems from the Yeatman’s [...] Related posts: