From Treasury: HAMP Servicer Performance Report Through July 2010 And here is the HUD Housing Scorecard . Click on table for larger image in new window. About 422 thousand modifications are now “permanent” – up from 389 thousand last month – and 617 thousand trial modifications have been cancelled –…

From Treasury: HAMP Servicer Performance Report Through June 2010 Click on table for larger image in new window. About 389 thousand modifications are now “permanent” – up from 347 thousand last month – and 521 thousand trial modifications have been cancelled – up sharply from 430 thousand last month. According…

Click on graph for larger image in new window. This graph shows the high and low unemployment rates for each state (and D.C.) since 1976. The red bar is the current unemployment rate (sorted by the current unemployment rate). Sixteen states and D.C. now have double digit unemployment rates.…

Click on graph for larger image in new window. Total housing starts were at 549 thousand (SAAR) in June, down 5% from the revised May rate of 578,000 (revised down from 593 thousand), and up 15% from the all time record low in April 2009 of 477 thousand (the…

From Treasury: HAMP Servicer Performance Report Through May 2010 Click on table for larger image in new window. About 347 thousand modifications are now “permanent” – up from 299 thousand last month – and 430 thousand trial modifications have been cancelled – up sharply from 277 thousand last month. According…

David Rosenberg, chief economist at Gluskin Sheff + Associates, wrote this morning: “We heard from Ivy Zelman (top-rated real estate research) on Friday that the bill that included an extension for the closing date of the homebuyer tax credit fell two votes short of passing in the Senate. This virtually…

From Carolyn Said at the San Francisco Chronicle: Loan modifications often damage credit scores Struggling homeowners who get a loan modification to reduce their mortgage payments are often unaware that it can seriously ding their credit score. … “A lot of people don’t understand that by making the payments due…

From Treasury: Administration Releases March Loan Modification Report About 228,000 modifications are now “permanent”, and 155,000 trial modification cancelled. There is still a huge number of borrowers in limbo. If we add the 228,000 permanent mods, plus 155,000 cancelled, and the 108,000 pending permanent mods that is only 491,000 borrowers…

CR Note: The following is from long time reader Shnaps. Shnaps has been working in the mortgage industry in various capacities “since people were extending the antennas on their mobile phones”. Shnaps currently serves in a key role related to HAMP at one of the largest non-prime mortgage servicers in…

Earlier the NAR released the existing home sales data for February; here are a couple more graphs … Click on graph for larger image in new window. This graph shows NSA monthly existing home sales for 2005 through 2010 (see Red columns for 2010). Sales (NSA) in February 2010 were…