Jeff Collins, at the O.C. Register, has a Q&A with Wayne Yamano, vice president at John Burns Real Estate Consulting: Loan mods won’t halt foreclosures, study shows Register: Your study says that five million of the 7.7 million delinquent homes … Read More
Much was made this morning about the decline in the 30 day delinquency “bucket” (percent of loans between 30 and 60 days delinquent). Hopefully this graph will put the problem in perspective … Click on graph for larger image in … Read More
The MBA reports 14.05 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q4 2009. This is a slight decrease from 14.11% (edit) in Q3 2009, and an increase from 13.5% in Q2 2009 … Read More
Press Release: U.S. Foreclosure Activity Decreases 10 Percent in January RealtyTrac® … today released its January 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 315,716 U.S. properties … Read More
The Federal Government office in D.C. will be closed again Thursday, from the WaPo: Federal government shutdown extends to Thursday Federal agencies across the nation’s capital will close Thursday for a fourth straight day — taking the week-long shutdown of … Read More
Fed Chairman Ben Bernanke’s prepared statement: Federal Reserve’s exit strategy . In this testimony, Bernanke outlines the steps to unwind monetary stimulus. An excerpt: I currently do not anticipate that the Federal Reserve will sell any of its security holdings … Read More
“We’re now at the point of maximum vulnerability. People’s emotional attachment to their property is melting into the air.” Sam Khater, senior economist at First American CoreLogic. From David Streitfeld at the NY Times: No Aid or Rebound in Sight, … Read More
A couple of key points: The ABI is forecasting more personal bankruptcy filings in 2010 than in 2009 (just over 1.4 million) Filings were down 10% from December, but up 15% from January 2009. From the American Bankruptcy Institute: January … Read More
Click on graph for larger image in new window. This graph shows the historical light vehicle sales (seasonally adjusted annual rate) from the BEA (blue) and an estimate for January (red, light vehicle sales of 10.78 million SAAR from AutoData … Read More
From Dina ElBoghdady and Dan Keating at the WaPo: Rising FHA default rate foreshadows a crush of foreclosures The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a … Read More