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August 26th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
The MBA reports that 14.42 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q2 2010 (seasonally adjusted). This is down slightly from the record 14.69 percent in Q1 2010. From the MBA: Delinquencies and Foreclosure Starts Decrease in Latest MBA National Delinquency Survey…
July 6th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
From Lender Processing Services: LPS’ May Mortgage Monitor Report: Increase in Rate of New Delinquencies; Decline in Number of Delinquent Loans Becoming Current The May Mortgage Monitor report released today by Lender Processing Services, Inc. … shows a 2.3 percent month-over-month increase in the nation’s home loan delinquency rate to…
July 6th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
Reader Ann (retired lawyer with economics degree) has obtained some publicly available raw data on the long term unemployed from the BLS Current Population Survey. Ann was able to break down the long term unemployed into two age cohorts, 1) 25 to 45, and 2) 45+. She also broke down…
June 28th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
Here is a table of various housing supply measures (just putting this in one place with links to the source data). Note: here is the Weekly Summary and a Look Ahead . It will be a busy week! Housing Supply Overview Total delinquent loans 1 7.3 million Seriously delinquent loans…
June 27th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
From Thomas Curwen in the LA Times: Undone by their dreams In 2005: Amid the imposing two-story designs, they settled on a modest single-story home — yet with 2,400 square feet, it was large enough for their growing family. The sales representatives told them … if they put down a…
June 1st, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
Breaking a trend … Click on graph for larger image in new window. Fannie Mae reported today that the rate of serious delinquencies – at least 90 days behind – for conventional loans in its single-family guarantee business decreased to 5.47% in March, down from 5.59% in February – and…
June 1st, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
PMI at 59.7% in May, down from 60.4% in April. From the Institute for Supply Management: May 2010 Manufacturing ISM Report On Business® Economic activity in the manufacturing sector expanded in May for the 10th consecutive month, and the overall economy grew for the 13th consecutive month, say the nation’s…
May 19th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
Much was made last quarter about the decline in the 30 day delinquency “bucket” (percent of loans between 30 and 60 days delinquent). Unfortunately the seasonally adjusted 30 day delinquency rate increased in Q1 2010. Note: there are some questions about the seasonal adjustment, especially for the 90 day bucket…
May 19th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
From the April 27-28, 2010 FOMC meeting . On Greece: [P]articipants saw the escalation of fiscal strains in Greece and spreading concerns about other peripheral European countries as weighing on financial conditions and confidence in the euro area. If other European countries responded by intensifying their fiscal consolidation efforts, the…
May 19th, 2010 - Mortgage - Loans - Equity Category: Mortgage Rates
From LoanPerformance: CoreLogic Home Price Index Shows Second Consecutive Annual Increase National home prices, including distressed sales, increased by 1.7 percent in March 2010 compared to March 2009, according to CoreLogic and its Home Price Index (HPI). This was an improvement over February’s year-over-year price increase of 0.8 percent.* Excluding…